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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

SDG&E, Cal-PX May Have Answer to Price Spikes

LCG, July 21, 2000--San Diegans are hot under the collar about bills from their local electric utility that have doubled since May, and no amount of air-conditioning seems to help. But yesterday, San Diego Gas & Electric Co. said it had worked out a plan with the California Power Exchange that may protect its customers from price spikes in the wholesale power market.

SDG&E has become, under Californias electric restructuring law, a delivery company for electricity, but no longer makes its own. It acts as a middleman for its customers, purchasing power on the Cal-PX and passing the cost on to its customers without a mark-up. But the bills come from SDG&E, and the heat is directed at the utility.

Working with Cal-PX, SDG&E has cooked up a plan that would allow it to buy power on the exchanges "block forward market" up to nine months in advance, instead of the customary three months. That would protect customers from exposure to price spikes that occur in the "real time" spot market.

"This is a market-based tool that could help reduce the volatility in electric prices for our residentialand small-business customers during the high-demand summer months," said Edwin A. Guiles,president of SDG&E. "We hope the (California Public Utilities Commission) will allow us to implement the program as soon as possible, because our customers need help today."

The company said it had filed an application with the CPUC late Wednesday and had asked that the petition be considered at the commissions August 3 meeting.

George Sladoje, Cal-PX president, said his organization and the utility "worked diligently over the past couple of days to propose this market-based solution and help alleviate the current situation that San Diego's customers are facing. This proposal could provide some relief in the near term to the price spikes that San Diegans have been experiencing."

Things arent as bleak for San Diego electricity customers as they seem to think they are. In May, a typical householder paid $50 for electricity and the current bill is around $100, so that householder figures hes out a hundred bucks and blames the utility and deregulation.

But the exposure to market prices occurred because SDG&E paid off its stranded costs faster than anyone thought possible and is about to return close to $400 million to its customers. On top of that, theres another $100 million in a CPUC-controlled "transition cost balancing account" that will be returned to the companys customers.

When the utility divvies that $500 million up among its customers in August and September, our typical householder will get about $300. He will then be two hundred bucks ahead. Will he then say to SDG&E "I dont really deserve this money?"

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