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NuScale Power Achieves Standard Design Approval from NRC for 77 MW SMR

LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.

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EIA Presents Analysis of California's Solar and Wind Power Curtailment Challenges

LCG, May 29, 2025--The U.S. Energy Information Administration (EIA) released an analysis yesterday showing that the California Independent System Operator (CAISO), the grid operator for most of the state, is increasing its curtailment of the rapidly growing solar- and wind-powered generation facilities in order to balance electricity supply and demand, which is necessary to maintain a stable electric system.

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Industry News

E·on Goes Shopping with Nearly $26 Billion

LCG, Dec. 14, 2001--German utility Eon said yesterday it would invest 28.7 billion euros ($25.8 billion U.S.) over the next three years, about 55 per cent of which would be outside Germany. More than 80 percent of the investment will be in the energy sector.

Items on Eon's shopping list include Powergen Plc of Great Britain, for which the German company has budgeted 8 billion euros ($7.2 billion) and Ruhrgas, Germany's largest natural gas company, which could cost Eon 4 billion euros ($3.6 billion).

Ulrich Hartmann, Eon's chief executive, said most of the spending would be in Europe and North America, and could be fully funded from cashflow and the proceeds from the sale of non-core assets. The objective is to make Eon one of the world's leading energy providers.

Last month, the company said it hoped to purchase to large U.S. energy companies and has set aside a war chest of 35 to 40 billion euros ($31.5-$36 billion) for those and other acquisitions.

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