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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

PJM Asks FERC for RTO Status

LCG, Oct. 12, 2000--PJM Interconnection and its nine transmission owners have jointly filed with the Federal Energy Regulatory Commission their Order 2000 Regional Transmission Organization compliance report, PJM said this morning. PJM said the filing is aimed at gaining FERC certification as an RTO.

Another important objective of the filing, according to PJM, is to gain approval of the transmission owners' rate proposal, which is intended to promote and expedite investment in new transmission facilities.

John M. Derrick Jr., chairman and chief executive of Potomac Electric Power Co., said "It is of critical importance that the reliability of the nation's electricity grid be maintained."

PJM believes it meets or exceeds FERC's requirements for an RTO. Since it became a fully functional independent system operator almost three years ago, it has been a leader in developing and putting to work the requisites of an independent regional transmission entity.

As to the grid infrastructure, Derrick noted that today there is virtually no incentive to build transmission because of cost recovery and siting challenges. "Recognizing the vital role of transmission in the developing competitive electricity market is essential," he said.

PJM pointed to its efforts in coordinating with the New York ISO, ISO-New England and the Ontario Independent Electricity Market Operator to standardize rules and protocols with an eye to forming a broad regional electricity market for the entire Northeast.

The filing also takes note of the decision by Allegheny Power Co. to join PJM, which has the potential to expand the PJM market into new areas to the west of its current territory.

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