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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

Russia Considers Electricity Reforms

LCG, April 29, 2002-The Russian Parliament will receive draft bills regarding widespread energy market reforms.

The plan, submitted today, is designed to appeal to foreign investorst. Generation and marketing units would be privatized, while provisions would be included that yield transmission to the government.

In addition to selling off state-controlled assets, the plan includes eliminating state control of electricity prices.

Former Prime Minister Anatoly Chubais, who now heads Russia's electricity monopoly Unified Energy Systems, developed the beginning stages of the plan.

Local governments and government-run factories that either cannot or do not pay for electricity have left Russian giant Unified Energy Systems fraught with debts.

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