EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

LG&E to Sell Interests in Three Small Virginia Plants

LCG, Dec. 4, 2000--The LG&E Power Inc. subsidiary of LG&E Energy Corp. said Friday that it has entered into an agreement with Virginia Electric & Power Co., a unit of Dominion Resources Inc., to sell its equity interests in three 70 megawatt coal-fired cogeneration power plants in Altavista, Hopewell and Southampton, Va.

LG&E said that under the agreement, the plant owners and Virginia Power may exercise their options during early 2001. If exercised, the purchase price will be a combination of cash and the assumption of the projects' contracts and debts. LG&E owns 50 percent of the projects, which began commercial operations in 1992.

An affiliate, LG&E Power Services Inc., will continue to operate the three facilities underseparate contracts with Dominion Virginia Power. Other owners of the projects are subsidiaries of coal company Westmoreland Energy Inc., which owns 30 percent, and Fourfold Cogeneration Corp., a subsidiary of Chrysler Financial Corp., which owns 20 percent.

"We continually look for ways to maximize the value of our assets," said George Basinger, LG&E Energy's senior vice president of independent power operations. "In this instance, it was clearly more beneficial to sell the plants than to retain them."

LG&E said the agreement "is subject to certain regulatory approvals."

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service