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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

Columbia Energy Sells the Last of its Generation

LCG, Oct. 11, 2000--Columbia Energy Group said this morning that it has agreed to sell the remaining generation assets of its Columbia Electric subsidiary to a joint venture between independent Delta Power Co. and John Hancock Life insurance Co.

Terms of the sale were not disclosed.

Columbia will sell its 50 percent interest in the Gregory Power Project, a 550 megawatt combined-cycle cogeneration facility near Corpus Christi, Texas, that provides both steam and electricity to an Alco alumina plant and sells excess electricity into the regional wholesale power market through a marketing agreement with Dynegy Inc.

The deal also includes Columbia's 50 percent interest in a 117 megawatt combined-cycle cogeneration plant near Pedricktown, N.J., that provides steam and electricity to PolyOne Corp. and excess power into the PJM market.

Also part of the sale is the company's 50 percent interest in a 47 megawatt unit that provides electricity to the City of Vineland (N.J.) Electric Utility and steam to the Progresso unit of Diageo Plc. A 10 percent interest in an 85 megawatt cogenerator in Rumford, Maine, is also part of the agreement.

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