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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

Government Panel Approves New Nuclear Plant

LCG, Aug. 21, 2000--The Japanese Electric power Development Coordination Council today endorsed a plan by Chugoku Electric Power Co. to build a new 1,370 megawatt nuclear reactor at its plant in the town of Kashima, located on the Sea of Japan in Shimane Prefecture, near Hiroshima at the southern end of the main Japanese island of Honshu.

Development of the project would be the first endorsement of nuclear power in Japan since the accident last September at a uranium processing plant in Tokaimura.

The Chugoku project would take seven years to complete, with construction beginning in 2003. Residents of the area have objected to expansion of the Kashima plant and may lodge protests against the project.

The EPDCC, an advisory panel to the prime minister, said it endorse the new nuclear reactor because Japan will need to expand its electric generation by almost 52,780 megawatts by the year 2009 because electric consumption is increasing at a rate of 1.8 percent per year.

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