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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

Duke Unit to Buy Waste Management Power Plants

LCG, Nov. 2, 2000--Duke Energy Corp. said yesterday its Duke Solutions business unit has agreed to acquire eight independent power plants with a combined capacity of 244 megawatts from a subsidiary of Waste Management Inc.

Duke Solutions said it will invest approximately $100 million in the facilities, including purchase price and planned improvements, adding that expected revenues over the next 15 years could exceed $1 billion.

The assets to be acquired include cogeneration and renewable energy facilities in California,Pennsylvania, Maine and Florida that provide steam and chilled water under long-term contracts with industrial and institutional customers and long-term electricity under long-term electric sales contracts with several utilities.

Duke Solutions will own and operate the plants, calling on other Duke companies for services such as maintenance, commodity supply and risk management.

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