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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

PowerGen Takes Over Dominion Resources Plant

LCG, Sept. 29, 2000Big British utility PowerGen Plc yesterday completed its purchase of the 350 megawatt, natural gas-fired Corby Power Station north of London. The seller of 80 percent of the facility was Dominion Resources Inc. of the U.S. Financial details were not disclosed.

In June, Dominion Resources announced that it would sell its interest in Corby Power Ltd., owner of the plant, for about $80 million. Corby Power was to retain project debt of about $220 million. If those figures applied to PowerGen's purchase, the total value of the deal would be around $300 million.

Thomas E. Capps, chief executive of Dominion Resources, said "Corby has been an efficient, profitable and well-run facility. We're pleased to be handing the keys to one of Europe's most experienced generators. We wish PowerGen and our former partner, Electricity Supply BoardInternational, continued success."

Dominion Resources said the sale advances its strategy to divest its non-core assets and focus growth on energy markets in the Midwest, Northeast and Mid-Atlantic regions of the United States.

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