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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

Enron to Build 1,200 Megawatt Plant Near Cadiz

LCG, July 19, 2000--Enron Corp. said yesterday that it would build a 1,200 megawatt gas-fired power plant in southwest Spain, becoming the first foreign company to enter the Spanish electric power generation market.

The first of several, the Spanish government hopes. Last month, the government said it would introduce full competition to the power generation sector by 2003, four years ahead of a previously announced schedule.

The U.S. energy company said it had received Spanish government approval to build the new facility in Arcos de la Frontera, about 20 miles inland from the port of Cadiz.

Enrons Eric Gonzales said "We believe this is a very positive move toward the liberalization of the Spanish energy market and will help Enron to consolidate its presence in Spain, as well as increase its business opportunities."

Plans call for construction to begin this autumn and commercial operation to begin in early 2003. Enrons investment in the facility will be about $445 million.

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