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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

Conectiv Getting Out of the Plumbing Business

LCG, Oct. 11, 2000--Conectiv Inc. said yesterday that it has sold a division of Conectiv Services located in southern Delaware and eastern Maryland to its employees for an undisclosed sum. The business sold is a plumbing, heating and cooling contractor in both the residential and commercial markets.

Howard E. Cosgrove, chief executive of Conectiv, said "The proceeds will be redeployed into our core business." The company, the product of the merger between Delmarva Power & Light Co. and Atlantic Electric Co., was once an electric utility. It now sees itself as an operator of peaking power plants.

Cosgrove said "Conectiv is making steady progress towards our goal of establishing a leadingposition in the mid-merit generation market within the PJM power pool. Combined with our powerdelivery business, this strategy will allow us to meet the region's growing need for power in a mannerthat creates growth and value for shareholders."

"Mid-merit" means plants that can be started quickly when the price of power is high and shut off when the price begins to drop.

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