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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

Kyoto Protocols Toughest on Minorities, Report Says

LCG, July 10, 2000--A study released last week by the Center for Energy and Economic Development and supported by minority business groups warns that 864,000 blacks and 511,000 Hispanics would be thrown out of work if the U.S. Senate ratifies the Kyoto global warming treaty.The study also warned that putting the Kyoto protocols into effect in the United States would result in a 10 percent drop in income for the 25 million blacks and Hispanics lucky enough to keep their jobs.The report, Refusing to Repeat Past Mistakes, says Policymakers fail to recognize that the higher energy costs that will result if the Kyoto Protocol is implemented will disproportionately harm Americas minority communities, and place the economic advancement of millions of U.S. Blacks and Hispanics at risk.It points to independent research which shows that between 1.5 million and 3 million American workers could lose their jobs as a result of putting the Kyoto protocols into effect, and says a good portion of those workers would be minorities.Some seem to forget the harsh lessons that we learned in the 1970s when an inadequate energy policy resulted in economic devastation for millions within the black and Hispanic communities, said Oscar Sanchez, executive director of the Labor Council for Latin American Advancement, one of the groups sponsoring the study.
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