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News
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LCG, April 24, 2025--Exxon Mobil Corporation (ExxonMobil) announced yesterday an agreement with Calpine Corporation (Calpine) to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a natural gas-fired facility located near Houston, Texas. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project that is designed to add CCS for the facility’s CO2 emissions. The Calpine facility could then provide a 24/7 supply of low-carbon electricity to the Texas grid plus steam to nearby industrial facilities.
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LCG, April 21, 2025--NovaSource Power Services ("NovaSource") recently announced that it has partnered with Doral Renewables and has been selected as the Operations and Maintenance ("O&M") and Generator Operator ("GO") for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the United States.
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Industry News
NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project
LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.
"We are facing a defining moment in the North American energy system and particularly in natural gas infrastructure," said the CEO of NeuVentus. "TRU Hub's prime location and excellent interconnectivity in the heart of the Gulf Coast, combined with the inherent flexibility of high-turn salt cavern storage, position TRU Hub exceptionally well to meet the moment and ensure that LNG, power, datacenter, industrial and petrochemical demand growth does not come at the expense of reliability."
The TRU Hub is a greenfield salt cavern storage facility located in the heart of the Moss Bluff salt dome in Texas. The TRU Hub facilities under development are comprised of the 12 permitted salt cavern wellbore locations, solution-mining equipment and interconnecting pipelines to some of the largest interstate and Texas intrastate transmission arteries. NeuVentus plans to initiate marketing efforts for the TRU Hub in the near future.
The RRC's final order provides for eight gas caverns (including natural gas and hydrogen) and four liquids caverns (including natural gas liquids). Together, these caverns equate to a potential fully-built total working capacity across all of TRU Hub's 12 permitted caverns of up to approximately 96 Bcf of natural gas, 100,000 metric tons of hydrogen, 128 million barrels of natural gas liquids, or some combination thereof.
NeuVentus plans an initial phase of development that includes two natural gas caverns, each of which is permitted for up to 14,000,000 barrels of cavern volume apiece, equating to approximately 10 Bcf of working capacity each and 20 Bcf in total natural gas working capacity. Each of the two caverns in the initial phase has a permitted maximum daily injection rate of approximately 2.5 Bcf/d.
TRU Hub's initial phase also includes a large-diameter natural gas pipeline header that has excellent interconnectivity with up to 12 natural gas pipelines, including some of the largest interstate and Texas intrastate transmission pipelines.
NeuVentus is a wholly owned subsidiary of Lotus Infrastructure Partners.
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The Locational Marginal Price Model (LMP) Network Power Model
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Day Ahead and Real Time Market Simulation
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The Gas Procurement and Competitive Analysis System
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