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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

Power Supply Increase of 43 Percent Claimed

LCG, Aug. 24, 2000--A top official of Nigerias National Electric Power Authority, challenging a statement that his countrys objective of achieving uninterrupted power supply to the nations 115 million people by next year was unrealistic, said that power available to the national grid had been increased 43 percent in just the past four months.

Speaking in the capital city of Abuja, Liyel Imoke, chairman of the Authoritys technical board, said that repairs and upgrades to Nigerian power stations over the past four months had increased generation from 1,400 megawatts to 2,000 megawatts.

He was responding to charges by Nigerian iron and steel minister Segun Agagu that a 2001 deadline for electric power self sufficiency for the nation of 115 million was unrealistic. President Olusegun Obasanjo, the first freely-elected Nigerian leader in decades, set the target following a series of nation-wide power failures.

Olusegun also stripped the Authority of much of its power, giving the reins to the technical board and telling it to get the electricity situation squared away in short order.

Imoke said the target can be met. The nameplate capacity on the countrys power plants total about 6,000 megawatts, but available power fell to less than 1,000 megawatts early this year. Olusegun, a former general who was imprisoned three years for protesting the previous military dictatorship, said the power sector had been left to decay by a series of military administrations that have ruled Nigeria for all but ten years since independence was gained in 1960.

Further restoration of existing plants will be augmented by liberalization of the national power monopoly to allow foreign investment in independent power projects, Imoke said.

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