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Energy Vault and Jupiter Power Announce New Agreement for Battery Energy Storage System in Texas

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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NuScale Power Achieves Standard Design Approval from NRC for 77 MW SMR

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

Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

Matrix Renewables is a global renewable energy platform backed by TPG Rise and majority owner, and rPlus Energies, development partner and minority owner.

The President and CEO of rPlus Energies stated, "We are proud to see Pleasant Valley Solar come to life. We started developing this project in 2021 and it's especially meaningful for us as Ada County is home to one of our two offices, allowing us to connect with the local community in a deeper way. We look forward to continuing our partnership with Idaho Power and Meta and further contributing to their energy future."

"We are thrilled to celebrate the commissioning of the Pleasant Valley Solar Project," said the Managing Director and Head of U.S. for Matrix Renewables. "This achievement underscores our commitment to expanding renewable energy infrastructure and contributing to local communities. We are grateful for the collaborative efforts of our partners, offtakers, financiers, and the supporting community who made this project possible."

Last November, rPlus Energies announced a long-term PPA with Idaho Power for the 125-MW Pleasant Valley Solar 2 facility in Ada County, Idaho. Both projects will deliver solar energy to Idaho Power's grid and support Meta's goal to operate its nearby data center in Kuna, Idaho with 100 percent renewable energy.

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