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Holtec Signs Strategic Cooperation Agreement with Utah and Hi Tech Solutions to Deploy Nuclear SMRs

LCG, May 1, 2025--Holtec International (Holtec) announced the signing on April 29 of a strategic cooperation agreement with the State of Utah and Hi Tech Solutions, a leading nuclear services provider based in Kennewick, Washington, to collaborate in the deployment of Holtec's SMR-300s (small modular reactor) in Utah and the broader Mountain West region. Hi Tech will play a leading role in the project development and workforce training to support the rise of new nuclear power generation in the region.

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EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

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Industry News

TXU Assesses Impact of UK Green Energy Regulations

LCG, Feb. 14, 2002--TXU Europe estimates that the first year of a UK plan to increase renewable generation as a percentage of overall electric power supplies will raise its costs by 20 million pounds ($28.56 million).

The government issued a plan on Thursday that would require power sellers to obtain three percent of their sales from renewable sources. Ashley Turner, the company's sustainable energy portfolio manager, said that increased costs would be added to customer bills to some extent, but that efforts would be made to limit such increases. As to how much of the requirement TXU Europe will meet through its own generation assets, Turner said, "we are expecting to cover about 50 percent (of the obligation) so our buy-out cost would be roughly halved."

TXU's renewable generation quota would amount to roughly 1.6 terawatt hours. The company would pay 42 million pounds ($60 million) in penalties if it sold no renewable power whatsoever. By 2011, the government's plan would require companies to supply 10.4 percent of sales from renewables.

The company plans to aid green power developers in financing projects, but will not be a developer itself. It will utilize internal risk-management expertise to manage price risk from wind farm installations, which do not generate consistently at a given output level.
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