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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

China Considers Moving Industries From Coal to Oil Dependence

LCG, August 6, 2002-China's government may instate a major policy to change its industries' main energy source from coal to oil.

China's populated cities have made efforts recently to shift away from burning coal. Beijing, the future site of the 2008 Olymics, exemplifies this new sentiment, as various coal-burning facilities have been moved out of the city or banned. Other cities have been exploring gas and oil options in efforts to reduce the amount of air pollution.

As a percentage of total energy sources, China uses much more coal than other industrialized nations. Worldwide, coal constitutes less than a quarter of all energy. Not long ago, 75 percent of China's energy came from coal, but coal's use has most recently dropped to 70 percent.

Although China's policymakers are interested in cleaner fuels, they are cautious about moving away from a source of energy that can be mined from within China's boundaries. Switching to oil would require hundreds of millions of tons of oil to be imported and tens of thousands of workers to be laid off.

The Energy Institute of China's State Development Planning Commission has developed the policy and submitted it to the central government for consideration.

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