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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

Utilities in U.S. Northwest Ask for Steep Gas Rate Hikes

LCG, Dec. 11, 2000--Avista Corp. and Puget Sound Energy Inc. asked regulators to approve steep natural gas rate hikes because of rapidly escalating wholesale prices for the commodity which the utilities sell to their retail customers without profit.

Avista asked both Washington and Idaho to approve a 29 percent rate increase, while Puget Sound Energy asked for a 25 percent boost to its gas rates in Washington. For a typical householder now paying $65 a month for natural gas, Avista's rate hike would mean monthly bills of $83.85 and Puget's would nick the consumer $81.25.

Avista asked that its rate hike take effect in both states on January 11. Puget was willing to wait a day longer.

"Even with this adjustment, natural gas remains a good value for consumers," said Tim Hogan,Puget's vice president for external affairs. "When it comes to heating a home, a dollar's worth ofnatural gas buys consumers the same amount of energy as $2.33 worth of propane, $1.52 worth ofoil or $1.61 worth of electricity."

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