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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

Cape Wind Offshore Project Receives Approval of PPA

LCG, November 27, 2012--Wind farm developer Cape Wind announced Monday that the Massachusetts Department of Public Utilities (DPU) approved its 15-year power purchase agreement (PPA) with NSTAR, an operating company of Northeast Utilities, to purchase the energy, capacity and renewable energy credits from the proposed Cape Wind project.

The 468-MW Cape Wind project will include 130, 3.6-MW wind turbines located in Nantucket Sound, Massachusetts. The offshore wind farm will connect to the power grid via a 66.5-mile, buried submarine transmission cable system. The project developer has pursued government approval since 2001 and completed State and local permitting in 2009.

The newly approved, 15-year PPA with NSTAR covers 27.5 percent of Cape Wind's power. A year ago, the Massachusetts Supreme Judicial Court upheld the DPU's approval of Cape Wind's PPA with National Grid for 50 percent of Cape Wind?s power. Cape Wind?s financial advisor stated, "Taken together, these two PPAs provide Cape Wind with the critical mass to continue securing project financing."

Cape Wind expects to start construction of the wind farm in 2013 with some of the turbines in service in 2015.
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