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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

PetroWorld Develops Floating Methanol Plant

LCG, July 29, 2003Several petroleum companies have joined forces to develop a floating methanol plant.

Transworld Exploration and the Petroleum Oil and Gas Corporation of South Africa have formed the joint venture PetroWorld Limited, which itself has joined with New Jersey-based Foster Wheeler Power Systems and Texas-based Starchem Technologies and Waller Marine Inc. The companies are interested in accessing stranded natural gas reserves and converting the gas into methanol.

Much of the worlds natural gas reserves lie untouched under remote parts of the ocean. Transporting the gas by refrigerated tankers is not efficient or affordable. Converting the gas to a liquid such as methanol allows the fuel to be transported as a liquid on ordinary tankers. However, traditional methods of converting natural gas to methanol cannot be applied directly to a floating system because of size and safety considerations. Starchem Technologies, Waller Marine, and Foster Wheeler Power Systems are apparently engineering realistic methanol floating plants, which may be deployed within three years of project finalization.

The floating plant will be able to produce roughly 12,000-15,000 tons of methanol per day.

Methanol, also known as wood alcohol, can fuel cars and other devices. The chemical has only one carbon atom, one less than ethanol. Methanol is lethal if ingested by humans but burns very cleanly when used as fuel.

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