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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

Florida Power & Light Seeks Big Rate Boost

LCG, Aug. 25, 2000--Florida Power & Light Co. said this morning it would ask regulators for permission to increase electricity rates to offset the effect of higher prices for oil and natural gas it uses to fuel its power plants.

The company said it had filed preliminary papers with the Florida Public Service Commission demonstrating that power plant fuel would cost it $518 million more in 2000 than originally estimated. Next month, the company will ask the commission for a rate increase to compensate for the increased cost of generation.

If the full amount is granted, residential electric rates could increase by as much as 13 percent, the company said. It added that is would ask the regulators to spread the cost recovery over two years in order to reduce the impact on consumers to about 9 percent.

FPL said the increase, if allowed, will be somewhat mitigated by a refund to customers of between $75 million and $100 million.

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