Port Of Victoria

***PRESS RELEASE - PORT OF VICTORIA PARTNERS WITH BLUE ENERGY TO ADVANCE SMALL MODULAR NUCLEAR POWER PROJECT***

The Victoria County Navigation District (Port of Victoria) is proud to announce it has signed an option agreement with Blue Energy, an advanced nuclear power company, to lease approximately 70 acres at the Texas Logistics Center. The agreement enables Blue Energy to conduct feasibility studies and due diligence for the potential development of a modular nuclear power facility capable of generating up to 1.5 gigawatts (GW) of clean, reliable and affordable energy.

Founded in 2023, Blue Energy’s innovative design reimagines how new nuclear power plants are financed and built. Their plant design cuts construction costs and timelines, slashes time to power to 36 months or less with a natural gas bridge and makes nuclear power competitive with fossil fuels and renewables. The company prefabricates nuclear power plants in shipyards, simplifies construction with on-site, modular installation, and incorporates NRC-approved advanced nuclear reactors within structures submerged in water, leveraging passive safety systems and enabling efficient, scalable deployment. The first phase of the proposed project represents an initial capital investment of over $1 billion and is projected to create approximately 100 permanent, high-paying jobs in the Victoria region.

“Our mission is to deliver baseload, American-made megawatts of new nuclear power with unparalleled cost and timing efficiency,” said Blue Energy Co-Founder and CEO Jake Jurewicz. “The Port of Victoria offers the infrastructure, workforce, and long-term vision needed to help us realize that mission.”

The Port of Victoria continues to build momentum as a hub for next-generation industry.

“This project represents a major step forward in energy innovation and economic development for our region,” said Sean Stibich, Executive Director of the Port. “Blue Energy’s technology not only supports a stronger and more resilient power grid but also brings long-term investment and high-quality jobs to the Texas Logistics Center.”

“This is exactly the type of bold, future-focused investment we envisioned when developing the Texas Logistics Center,” added Byron Burris, Chairman of the Port of Victoria “Blue Energy’s project aligns perfectly with our goals of driving industrial growth, enhancing energy reliability, and creating long-term opportunities for the people of Victoria County.”

With more than 1,000 acres now under option and multiple developments progressing through advanced planning, the Port of Victoria remains a catalyst for transformational industrial growth.

For more information on Blue Energy, visit www.blueenergy.co . To learn more about the Port of Victoria and the Texas Logistics Center, visit www.PortofVictoria.com, www.texaslogisticscenter.com, or www.tx-lc.com .

As an international leader in battery manufacturing materials, Green Energy Origin (GEO) fixes its gaze to the future, searching for increased energy efficiency. Port of Victoria, TX, is proud to play a role in the quest to develop the next generation of energy-efficient batteries, as a recent partnership with GEO was announced to feature the construction of a local state-of-the-art manufacturing facility.
The attraction of this cutting-edge technology company to Port of Victoria’s North Site will offer long-term economic benefits in the community, as well as U. S. domestic energy landscape and supply chain strength. Visit us for details about this impactful development for the Port of Victoria. https://www.portofvictoria.com/news-and-media/p/item/62877/victoria-county-navigation-district-partners-with-green-energy-origin-to-revolutionize-clean-energy-production-in-victoria

***Press Release - Victoria County Navigation District Partners with Green Energy Origin to Revolutionize Clean Energy Production in Victoria***

In a transformative step towards a sustainable energy future, the Victoria County Navigation District (Port of Victoria) proudly announces a long-term lease agreement with Green Energy Origin (GEO) for approximately 21 acres at the Port of Victoria’s North Site. This partnership will enable the immediate construction of a state-of-the-art manufacturing facility dedicated to developing a comprehensive battery materials integrated platform, essential for lithium-ion batteries.

Green Energy Origin is at the forefront of advancing cleaner energy systems and enhancing the global battery supply chain. This ambitious project signifies a capital investment of over $150 million and is expected to generate approximately 70 permanent, high-quality jobs in the Victoria region, fostering economic growth and innovation.

“This facility will serve as a pivotal element in strengthening the domestic battery materials supply chain, dramatically decreasing the United States' dependence on foreign imports while facilitating the development of sustainable energy storage solutions,” said Luis Mendonca, North America President of GEO. “Leveraging our cutting-edge technology and the strategic advantages of the Port of Victoria, we are uniquely equipped to spearhead this initiative and catalyze meaningful change in the North American energy landscape.”

“This project introduces groundbreaking technology and processes that are crucial for the next generation of industry,” said Sean Stibich, Executive Director of the Port of Victoria. “Green Energy Origin’s investment aligns seamlessly with our mission to create long-term opportunities, drive job creation, and foster global innovation in Victoria County. We are thrilled about GEO’s ambitious plans for growth in our region.”

Byron Burris, Vice-Chairman of the Port of Victoria, added, “GEO’s investment embodies the high-impact industrial growth we envisioned for Victoria’s future. Their commitment to advanced materials and energy innovation promises lasting economic benefits for our community.”

Jonas Titas, President of the Victoria Economic Development Corporation, stated, “This project highlights the strength of our longstanding partnership with the Port of Victoria and our shared dedication to attracting cutting-edge technology companies to the region. We are proud to have facilitated GEO’s introduction to the Port and eagerly anticipate the positive impact this innovative clean energy manufacturer will have in Victoria County.”

The Port of Victoria continues to solidify its reputation as a premier destination for advanced manufacturing and energy investments.

For more information on Green Energy Origin, visit www.Geosi.com. To learn more about the Port of Victoria visit www.PortofVictoria.com,

Located 30 miles from the coastline, the Port of Victoria is a harbor of refuge shielded from the worst weather in the Gulf and Atlantic. Learn how your business would benefit from the resultant stable, reliable environment. https://rebrand.ly/pid490r