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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

South Jersey Gas Asks 19 Percent Residential Boost

LCG, Aug. 14, 2000--South Jersey Gas Co. on Friday asked the New Jersey Board of Public Utilities to approve a 19 percent increase in what it charges customers for natural gas. The company said it was just passing along higher market costs for the commodity.

The company said that during winter, an average residential heating customer in South Jersey using 200 therms of natural gas would see about a $33 monthly increase in his gas bill. Thats a night at the movies for a family of four.

South Jersey Gas said it concurs with the American Gas Association that current high prices are an aberration and will begin to reverse themselves over the next six to eight months. The company said it would pass reductions along as fast as they happen.

"Aggressive management of our natural gas supply portfolio insulated our customers from feeling the full brunt of the price spike," said South Jersey Gas president Charles Biscieglia. "It's our firm belief the market conditions that caused gas prices to rise are already changing. Also, we've ensured our natural gas supplies are sufficient to meet the needs of our customers for the coming winter and beyond."

He added "I want customers to know South Jersey Gas does not profit from the (rate boost) we filed for and everyone here is striving to keep costs down. As soon as we are able to lower this cost for our customers we will do so."

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