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FERC Releases the 2025 Summer Assessment for Energy Markets and Electric Reliability

LCG, May 15, 2025--The Federal Energy Regulatory Commission (FERC) announced today the release of the staff’s 2025 Summer Assessment on the outlook for energy markets and electric reliability during the June to September time frame.

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NRC Accepts Construction Permit Application for Dow's Advanced X-energy SMR Project in Texas

LCG, May 14, 2025--The U.S. Nuclear Regulatory Commission (NRC) accepted Dow's construction permit application to build X-energy Reactor Company, LLC's ("X-energy") first small modular reactor (SMR) plant to power a chemical facility in Seadrift, Texas. Dow's wholly-owned subsidiary, Long Mott Energy LLC, is developing the project to provide Dow's UCC1 Seadrift Operations manufacturing site with safe, reliable, and clean power and industrial steam to replace existing energy and steam assets that are approaching end-of-life. The project is part of a demonstration project supported by the U.S. Department of Energy (DOE) and, if approved, would be the first advanced nuclear facility at an industrial site in the United States.

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Industry News

Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

Matrix Renewables is a global renewable energy platform backed by TPG Rise and majority owner, and rPlus Energies, development partner and minority owner.

The President and CEO of rPlus Energies stated, "We are proud to see Pleasant Valley Solar come to life. We started developing this project in 2021 and it's especially meaningful for us as Ada County is home to one of our two offices, allowing us to connect with the local community in a deeper way. We look forward to continuing our partnership with Idaho Power and Meta and further contributing to their energy future."

"We are thrilled to celebrate the commissioning of the Pleasant Valley Solar Project," said the Managing Director and Head of U.S. for Matrix Renewables. "This achievement underscores our commitment to expanding renewable energy infrastructure and contributing to local communities. We are grateful for the collaborative efforts of our partners, offtakers, financiers, and the supporting community who made this project possible."

Last November, rPlus Energies announced a long-term PPA with Idaho Power for the 125-MW Pleasant Valley Solar 2 facility in Ada County, Idaho. Both projects will deliver solar energy to Idaho Power's grid and support Meta's goal to operate its nearby data center in Kuna, Idaho with 100 percent renewable energy.

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