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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

Southern Union Shareholders Back Acquisitions

LCG, Aug. 31, 2000Shareholders of Southern Union Co., a natural gas company serving more than 1.2 million customers in four states and Mexico, have approved the acquisition of Providence Energy Corp. of Rhode Island and Fall River Gas Co. of Massachusetts, the company said yesterday.

These acquisitions, along with that of Valley Resources Inc., will add more than 300,000 customers to Southern Union, bringing its customer base to approximately 1.6 million. On Tuesday, Fall River Gas shareholders approved that merger agreement while Providence Energy and Valley Resources shareholders had approved their transactions earlier.

" These positive shareholder responses reflect a vote of confidence that our strategy of enhancingcustomer service while building shareholder value continues to succeed in this changing environment," said Southern Union President and Chief Operating Officer Peter H. Kelley.

Southern Union serves customers in Texas, Missouri, Pennsylvania, Florida and Mexico. Its natural gas operating divisions include Southern Union Gas Co., Missouri Gas Energy Co., PG Energy and Atlantic Utilities Inc.

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