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NRC Accepts the Construction Permit Application for TVA's Small Modular Reactor Project

LCG, July 10, 2025--The U.S. Nuclear Regulatory Commission (NRC) accepted a construction permit application for review from the Tennessee Valley Authority (TVA) to build one of the nation’s first small modular reactors (SMR). TVA submitted its application in late May to use GE Vernova Hitachi’s BWRX-300 design and to install the advanced nuclear plant at its Clinch River site near Oak Ridge, Tennessee. TVA's application is the first in the U.S. that uses GE Vernova Hitachi’s BWRX-300 design.

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Red Oak Power Facility in PJM to be Acquired by Strategic Value Partners

LCG, July 9, 2025--Strategic Value Partners, LLC (together with its affiliates, SVP) yesterday announced that its managed funds (the "SVP Funds") have agreed to acquire Red Oak Power, an 831-MW natural gas-fired combined-cycle power generation facility located in Sayreville, New Jersey.

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Industry News

Alstom Completes Installation of 6-MW Offshore Wind Turbine

LCG, November 21, 2013--Alstom announced yesterday that it has completed the installation of its new offshore wind turbine, the 6-MW Haliade? 150, off Ostend harbor at the Belwind site in Belgium.

With the new offshore installation, Alstom achieves an important milestone in the industrialization process of its 6-MW turbine. The new turbine will now help to confirm how the machine behaves in the offshore environment for which it was specifically designed and developed.

The offshore wind turbine design includes: a 150-meter rotor, a direct drive (that eliminates a gearbox), and a permanent-magnet generator. The design is intended to improve efficiency and reliability, while reducing operating and maintenance costs.

The 61-meter jacket has been set on top of pillars sunk to a depth of over 60 meters. Then the three elements of the 78-meter tower were gradually assembled on the jacket. In all, the nacelle towers at a height of over 100 meters above sea level. The height of the Statue of Liberty, including the base, is 93 meters. The overall weight of the turbine and its structure totals 1,500 tonnes.








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