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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

Austin Energy Poised to Commit to 300-MW Wind Project

LCG, February 25, 2014--Austin Energy announced late last week that it will purchase the power generated from a 300-MW wind farm to be built in Texas by Lincoln Renewable Energy. The wind farm project is approximately 50 miles southwest of Amarillo, Texas and will include 160 wind turbines. The City Council is scheduled to vote on the PPA during its meeting on February 27.

The new, 300-MW power purchase agreement (PPA) replaces a 170-MW wind PPA with E.ON Climate & Renewables, which declined to proceed due to tax and financing issues after winning an Request for Proposals (RFP) issued by Austin Energy. The new PPA with Lincoln Renewable Energy includes a shorter, 18-year term and a lower price (by about $2/MWh) than the 25-year PPA with E.On Climate & Renewables.

The Lincoln wind farm commenced construction in November 2013 and is eligible for the federal production tax credit (PTC) for wind, as the PTC is currently available only to projects that either (i) started construction or (ii) can show sufficient financial commitment by the end of 2013.

Increasing the PPA capacity from 170 MW to 300 MW will also better support Austin Energy's goal of achieving 35 percent renewable generation resources by 2020.
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