Texas Gulf Coast Regional Airport

X-energy and Ares Acquisition Corporation Mutually Agree to Terminate Business Combination Agreement

Retrieved on: 
Tuesday, October 31, 2023

X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.

Key Points: 
  • X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.
  • Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the business combination agreement.
  • In view of the termination of the Business Combination Agreement, AAC determined that it will not be able to consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (as amended, the “Articles”).
  • As of November 6, 2023, AAC will cease all operations except those required to wind up AAC’s business.

Energy Northwest and X-energy Sign Joint Development Agreement for Xe-100 Advanced Small Modular Reactor Project

Retrieved on: 
Wednesday, July 19, 2023

Energy Northwest, a premier provider of carbon-free electricity, and X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the signing of a joint development agreement (“JDA”) for up to 12 Xe-100 advanced small modular reactors in central Washington capable of generating up to a total of 960 megawatts of carbon-free electricity.

Key Points: 
  • Energy Northwest, a premier provider of carbon-free electricity, and X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the signing of a joint development agreement (“JDA”) for up to 12 Xe-100 advanced small modular reactors in central Washington capable of generating up to a total of 960 megawatts of carbon-free electricity.
  • Under the JDA, the Xe-100 project is expected to be developed at a site controlled by Energy Northwest adjacent to Columbia Generating Station.
  • Energy Northwest and X-energy have engaged extensively on plans for an Xe-100 facility in central Washington since 2020.
  • The JDA defines and details the scope, location, and schedule under which the commercial development of the project will move forward.

Dow's Seadrift, Texas location selected for X-energy advanced SMR nuclear project to deliver safe, reliable, zero carbon emissions power and steam production

Retrieved on: 
Thursday, May 11, 2023

The project is focused on providing the Seadrift site with safe, reliable, zero carbon emissions power and steam as existing energy and steam assets near their end-of-life.

Key Points: 
  • The project is focused on providing the Seadrift site with safe, reliable, zero carbon emissions power and steam as existing energy and steam assets near their end-of-life.
  • The U.S. Department of Energy ("DOE") named Dow a sub-awardee under X-energy's Advanced Reactor Demonstration Program ("ARDP") Cooperative Agreement.
  • "Advanced nuclear has attractive advantages over other sources of clean power, including a compact footprint, competitive cost, and enhanced power and steam reliability.
  • "Our advanced nuclear project is another example of Dow leading the way and showing industry the path toward a lower carbon future.

Ozona Reaches Agreement to Lease Pore Space for Cost Effective Long-Term Sequestration of Carbon Dioxide

Retrieved on: 
Tuesday, January 31, 2023

The Permian Basin and the Texas Gulf Coast will be the focus of Ozona’s initial capture and sequestration projects.

Key Points: 
  • The Permian Basin and the Texas Gulf Coast will be the focus of Ozona’s initial capture and sequestration projects.
  • Ozona will immediately begin the permitting process with Federal and State regulatory agencies to drill a CO2 disposal well on TPL surface.
  • “Drilling one of the first carbon dioxide sequestration wells in the Permian shows our ability as an industry leader in reducing carbon dioxide in the atmosphere.
  • Carbon capture opportunities like these align with our goal to leverage our vast surface footprint to support sustainability initiatives and enhance shareholder value.”

Lotus Infrastructure Partners Launches NeuVentus

Retrieved on: 
Thursday, February 16, 2023

GREENWICH, Conn. and HOUSTON, Feb. 16, 2023 /PRNewswire/ -- Lotus Infrastructure Partners ("Lotus Infra") today announced the launch of NeuVentus, LLC ("NeuVentus"). NeuVentus is a newly established platform focused on developing and delivering hydrogen pipeline transportation and salt cavern hydrogen storage projects, as well as related services, that help to accelerate North America's energy transition. Lotus Infra was formerly known as Starwood Energy.

Key Points: 
  • GREENWICH, Conn. and HOUSTON, Feb. 16, 2023 /PRNewswire/ -- Lotus Infrastructure Partners ("Lotus Infra") today announced the launch of NeuVentus, LLC ("NeuVentus").
  • NeuVentus' initial projects will be located in the Texas Gulf Coast region, which has abundant renewable energy production and hydrogen demand to support the growth of a clean hydrogen infrastructure platform.
  • "We are excited to announce the launch of NeuVentus," said Himanshu Saxena, Chairman and CEO of Lotus Infra.
  • "NeuVentus is committed to ensuring the safe and reliable delivery of clean energy molecules," said Sam Porter, CEO of NeuVentus.

USD Clean Fuels Announces the Development of a New Biofuels Terminal in National City, CA that will Supply the San Diego Region with Low Carbon Fuels

Retrieved on: 
Tuesday, January 17, 2023

The terminal will be served by the BNSF Railway and will provide efficient transportation of clean fuels to the area from the Midwest and US Gulf Coast.

Key Points: 
  • The terminal will be served by the BNSF Railway and will provide efficient transportation of clean fuels to the area from the Midwest and US Gulf Coast.
  • Pending receipt of all local and state permits, the terminal is expected to be operational by early 2024.
  • The terminal development is supported by two investment-grade rated parties that signed long-term Terminal Service Agreements.
  • As previously announced, USD Clean Fuels LLC is an entity formed by USD Group LLC to focus on providing production and logistics solutions to the growing market for clean energy transportation fuels.

Avina Clean Hydrogen Inc. Signs Long Term Offtake Agreements for Largest Green Ammonia Plant at Texas Gulf Coast

Retrieved on: 
Friday, December 9, 2022

NEW YORK, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Avina Clean Hydrogen Inc, a leader in the clean hydrogen sector, today announced that it has signed long term offtake agreements for 100% of the production output of the first phase of green ammonia plant that is under development at the Texas Gulf Coast.

Key Points: 
  • NEW YORK, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Avina Clean Hydrogen Inc, a leader in the clean hydrogen sector, today announced that it has signed long term offtake agreements for 100% of the production output of the first phase of green ammonia plant that is under development at the Texas Gulf Coast.
  • The green ammonia plant will have a total capacity of 700,000 metric tons per annum and will be powered with 100% renewable power.
  • “This is a significant milestone for our green ammonia facility that has been under development for more than 18 months now.
  • The platform uses a technology enabled production approach to make distributed green hydrogen cheaper than delivered gray hydrogen today.

Ideematec Selected for Texas Solar Portfolio

Retrieved on: 
Thursday, December 1, 2022

Following a successful RE+ show, Ideematec , a leading provider of utility-scale solar tracking systems has the great pleasure to announce reaching an agreement to support Solar Proponents approximate 7GW pipeline of projects in Texas using Ideematecs Horizon L:TEC 1P tracker.

Key Points: 
  • Following a successful RE+ show, Ideematec , a leading provider of utility-scale solar tracking systems has the great pleasure to announce reaching an agreement to support Solar Proponents approximate 7GW pipeline of projects in Texas using Ideematecs Horizon L:TEC 1P tracker.
  • Ideematec and Solar Proponent are working together with an EPC contractor to finalize the delivery schedules for the first approximate 650MW project in Texas.
  • We look forward to delivering the first project and working with Solar Proponent to supply GWs of our L:TEC product into the Texas region.
  • Ideematec, Inc.s parent company, IDEEMATEC, has successfully delivered some of the largest solar facilities on three continents, including Australia (349 MW), Jordan (250 MW) and Spain (200 MW), and delivered the largest 2P one-plot solar project in Qatar (800 MW).

Gulf Coast Midstream Partners Announces Open Season for Natural Gas Storage Services at its Freeport Energy Storage and Carbon Sequestration Hub

Retrieved on: 
Tuesday, October 18, 2022

Houston-based Gulf Coast Midstream Partners, LLC (GCMP) has announced an open season for firm gas storage services at its Freeport Energy Storage & Sequestration Hub (FRESSH) under development near Freeport, Texas.

Key Points: 
  • Houston-based Gulf Coast Midstream Partners, LLC (GCMP) has announced an open season for firm gas storage services at its Freeport Energy Storage & Sequestration Hub (FRESSH) under development near Freeport, Texas.
  • Additional connectivity may be available for up to 3 interstate pipelines under Section 311 of the Natural Gas Policy Act.
  • Its unique in that the project can accommodate at scale not only natural gas storage but also all hues of hydrogen storage as well as carbon sequestration at a single location.
  • For more information about Gulf Coast Midstream Partners, please see www.gulfcoastmidstream.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20221018005029/en/

Legacy Community Health and CareSource Form Joint Venture to Serve Texas Medicaid Members

Retrieved on: 
Tuesday, September 13, 2022

HOUSTON, TX, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Legacy Community Health announced today a joint venture with CareSource, a nationally recognized nonprofit managed care organization, to serve Texas Medicaid members.

Key Points: 
  • HOUSTON, TX, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Legacy Community Health announced today a joint venture with CareSource, a nationally recognized nonprofit managed care organization, to serve Texas Medicaid members.
  • CareSource Bayou Health will offer a unique coverage option that combines CareSources 30+ years of Medicaid managed health plan experience and strength as a national leader in quality and operational excellence with the local clinical expertise of Texas largest federally qualified health center (FQHC), Legacy Community Health.
  • CareSource Bayou Health is a joint venture between CareSource and Legacy Community Health combining both organization's mission-driven approaches for a lasting difference in the health of members and communities.
  • CareSource understands the challenges consumers face navigating the health system and is transforming health care with industry-leading programs that improve the health and well-being of our members.