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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

Chernobyl Shut; Its Problems Will Persist

LCG, Dec. 15, 2000--The notorious Chernobyl nuclear power plant was shut down yesterday when Ukraine President Leonid Kuchma gave the order over a television hookup from Kiev, about 85 miles away.

An operator flipped a switch, causing the final "scram" of Unit 3, the only working reactor of the four-unit Soviet-era facility.

Chernobyl, of course, is the plant where occurred the worst nuclear accident in history. In 1986, Unit 4 exploded and caught fire, killing about 35 workers outright and sending a radioactive cloud over most of Europe.

The Soviet Union tried to conceal the even, much as Russia tried to conceal the recent sinking of the nuclear submarine Kursk. Firefighters and rescue workers were sent into Chernobyl without protective clothing. About 4,000 cleanup workers are said to have died since.

Unit 4 was encased in a concrete "sarcophagus," which has begun to leak and crumble, and Unit 3 has experienced numerous breakdowns in the 14 years since the accident.

In a ceremony yesterday, Kuchma said "The world will become a safer place. People will sleep in peace," the Associated Press reported.

But not the plant's 6,000 workers who will be laid off. As Kuchma toured the village of Slavutych, where Chernobyl workers live, he was confronted by scores of protesters to whom closure of the plant means an end to their way of life.

Plenty remains to be done at Chernobyl, and it will take years. The Ukrainian government plans to construct a new sarcophagus for Unit 4 and it is likely to take decades to dispose of the radioactive debris still inside that reactor. In addition, there are years of work ahead for decommissioning the other three reactors.

Yesterday, Kuchma sighed "We shall continue to bear this. This is our fate."

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