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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

Rising Profile of Coal Underlined by Private Equity

LCG, June 15, 2004--Several private equity firms have bought U.S. assets of a German holding company, RAG Coal International AG, for approximately $1 billion, to form a new company, American Coal Holdings Inc., which will be the fourth-largest coal company in the U.S.

The announcement of the deal in late May by First Reserve Corp., Blackstone Group, and American Metals & Coal International Inc., gives First Reserve and Blackstone 42.% stakes each in the company, while American Metals will own the remainder, without voting privileges.

The assets include mines in Wyoming, Pennsylvania, West Virginia and Illinois, from which approximately 65 million tons are produced annually. The U.S. accounts for approximately one-quarter of global coal supply, while the price of the fuel in the U.S. has risen about 50%, after a sustained rise in natural gas prices, as well as in oil.

Blackstone has made previous inroads into the energy sector, with previous purchases of stakes in both an oil firm and a petroleum refinery. First Reserve has already bought into a mining company and an owner of coal reserves.
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