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Hydrostor Announces Offtake Agreement with California Community Power for the Willow Rock Energy Storage Center

LCG, February 12, 2026--Hydrostor today announced that the Willow Rock Energy Storage Center has signed a 50 MW offtake agreement with California Community Power (CC Power) on behalf of six of its community choice aggregator members: CleanPowerSF, Peninsula Clean Energy, Redwood Coast Energy Authority, San Jose Clean Energy, Silicon Valley Clean Energy Authority and Valley Clean Energy Authority.

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VoltaGrid and INNIO Collaborate on 1.5 GW Deal for Behind-the-Meter Data Center Power Generation

LCG, February 4, 2026--Natura Resources LLC (Natura), a developer of advanced molten-salt nuclear reactors, announced yesterday that it has signed an agreement with NGL Water Solutions Permian LLC, a subsidiary of NGL Energy Partners LP (NGL), to pursue opportunities to combine Natura's advanced nuclear reactor technology with thermal desalination for power production and oil and gas produced water treatment. NGL transports, treats, recycles and disposes of more than 3 million barrels per day of produced and flowback water generated from crude oil and natural gas production in the Permian Basin.

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Industry News

Saudi Arabia May Reopen Gas Resources

LCG, June 25, 2002-Meetings with Royal Dutch/Shell and Exxon Mobil representatives and Crown Prince Abdullah point to new agreements in natural gas development.

According to the New York Times, Saudi Arabian Ministers will determine certain parts of the potential $25 billion, 20-year agreement within the next two weeks.

The companies and Saudi Arabian government began negotiations a year ago, but sdisagreements over shared revenue and plans to run water, power, and desalinization plants kept anything concrete from emerging.

The situation may been further complicated by the Saudi Arabian public's relationship to the United States, although Saudi officials reject assertions that the delay has anything to do with U.S. Middle East policy.

One major point of discrepancy is in the percent of revenue from downstream projects. The companies want 15 to 20 percent, which is usual when a risk is taken in gas exploration, but the Saudis contend that, since the utility projects do not involve such risk, the revenue should be closer to 8 or 9 percent. If the agreement ends up with a 10 to 12 percent revenue, the Saudis may allow bidding.

The two projects included, lead by Exxon Mobil, are a $15 billion South Ghawar project with Shell, BP, and Phillips, and a $5 billion Red Sea Coat project involving Occidental and Marathon.

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