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News
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LCG, June 4, 2025--Energy Vault Holdings Inc. (Energy Vault) and Jupiter Power (Jupiter) today announced the signing of an agreement for the supply of an additional battery energy storage system (BESS) at a Jupiter site in the Electric Reliability Council of Texas (ERCOT) region. The initial BESS project, located near Fort Stockton, Texas, was completed in July 2024, with a storage capacity 100 MW/200 MWh. The new BESS project will add another 100 MW/200 MWh of capacity. Construction has commenced, and the project is expected to achieve commercial operations by the end of this summer.
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LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.
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Industry News
Finland's New Nuclear Reactor Delivering Power to the Grid
LCG, March 15, 2022--Finland's new nuclear reactor, Olkiluoto 3, commenced operations Saturday and began delivering power to the grid. The Finnish operator Teollisuuden Voima Oyj (TVO) stated that the 1,600-MW reactor will be gradually increased from operating at 103 MW to full capacity over a trial period of four months. Once regular electricity production is achieved, the reactor will supply approximately 14 percent of Finland's total electricity demand. Furthermore, it will significantly reduce electricity imports from Norway, Russia and Sweden.
The Olkiluoto 3 reactor is the first new reactor to be commissioned in Finland in more than 40 years. The reactor design is a third generation European-type pressurized water reactor (EPR) developed and built by a joint venture between France’s Areva and Germany’s Siemens. Finland now has five nuclear reactors at two power plants located along the Baltic Sea.
Construction began in 2005 and was originally scheduled to be completed in 2009. A number of technical and legal problems have led to the significant delays in completion and cost increases.
The Olkiluoto 3 is among western Europe's first new reactors in over ten years.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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