NeuVentus Announces Receipt of Storage Permits at Its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project in Liberty County, Texas

The Texas Railroad Commission permits provide for 12 salt caverns capable of storing natural gas, hydrogen, natural gas liquids and other products at TRU Hub, which is located in Southeast Texas in the heart of LNG, power, datacenter, industrial and petrochemical demand growth

HOUSTON and AUSTIN, Texas, April 2, 2025 /PRNewswire/ — NeuVentus, LLC ("NeuVentus"), an Austin-based energy delivery infrastructure developer, announced today the receipt of a final order from the Railroad Commission of Texas granting a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases and liquids (including natural gas, hydrogen and natural gas liquids) at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.

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NeuVentus will initiate marketing efforts and engagement with potential customers for the TRU Hub in the near future. TRU Hub is a greenfield salt cavern storage facility located in the heart of the Moss Bluff salt dome in southern Liberty County, Texas. The TRU Hub facilities under development are comprised of the 12 permitted salt cavern wellbore locations, solution-mining equipment and interconnecting pipelines. The final order received from the Railroad Commission of Texas provides for eight gas caverns (including natural gas and hydrogen) under Texas Statewide Rule 97 and four liquids caverns (including natural gas liquids) under Texas Statewide Rule 95. This equates 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.

The initial phase of development will include 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 with excellent interconnectivity with up to 12 natural gas pipelines, including some of the largest interstate and Texas intrastate transmission arteries. See the map of the TRU Hub storage facility, proposed natural gas pipeline header and description of the potential pipeline interconnections.

Sam Porter, CEO of NeuVentus, said:"We are facing a defining moment in the North American energy system and particularly in natural gas infrastructure. 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."

About NeuVentus

NeuVentus is a privately-owned, developer-owner-operator of pipeline transportation and storage projects. NeuVentus is a wholly owned subsidiary of Lotus Infrastructure Partners. For more information, please visit www.neuventus.com.

About Lotus Infrastructure Partners

Lotus Infrastructure specializes in infrastructure investments including renewable power generation, battery storage, renewable and low-carbon fuels, electric transmission, thermal power, and midstream and downstream assets. Lotus Infrastructure has raised in excess of $3 billion of equity capital and has executed transactions totaling more than $8 billion in enterprise value, inclusive of approximately $2.8 billion in enterprise value related to the development and construction of renewable assets. The Lotus Infrastructure team brings extensive multi-functional expertise to its investments including development, construction, operations, acquisition and financing. For more information, please visit www.lotusinfrastructure.com.

SOURCE NeuVentus