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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

Newsmakers

Anne F. Appleby has joined Oglethorpe Power Corp. as vice president for finance. Most recently, she was senior vice president for credit products with Bank of America, leading a team of debt specialists in Georgia and Tennessee.

Stephen L. Baum, vice chairman, president and chief executive of Sempra Energy Inc., has been appointed chairman, succeeding Richard D. Farman, who has retired from the company.

Kevin Fox has been named senior vice president and general manager of the commodity services group of Aquila Energy, a wholly owned subsidiary of UtiliCorp United Inc. He most recently was vice president and portfolio manager, responsible for all aspects of electricity trading.

David Kyle, president of Oneok Inc., has been elected chairman and chief executive officer, succeeding Larry Brummett, who died last week of cancer. Kyle began his career with Oklahoma Natural Gas Co. in 1974.

Greg A. Lohnes has joined Great Lakes Gas Transmission Co. as president and chief executive. He moves to Great Lakes from TransCanada PipeLines Ltd., where he most recently was vice president for global strategy and business development in the company's international business unit.

Rebecca P. Mark has resigned as a director of Enron Corp.. She has also resigned as chairman and chief executive of Azurix Corp., a water resources company spun off from Enron.

Deaths

Larry W. Brummett, chairman and chief executive of Oneok Inc., and a long-time community leader in Tulsa, has died following a two-year battle with cancer. He was 49. Brummett became chairman, chief executive and president of Oneok in 1994. He joined Oklahoma Natural Gas in 1974.

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