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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

ElectriCities Warns: Slow Down on Dereg

LCG, Dec. 21, 2000--ElectriCities of North Carolina Inc., casting an eye 3,000 miles west to California's trouble electricity market, urged lawmakers in its home state yesterday to study deregulation further before doing anything rash.

ElectriCities, which represents 72 community electric systems in North Carolina, said the state legislature's Study Commission on the Future of Electric Service in North Carolina "should conduct further studies as to the actual impact of deregulation on all segments of consumers before legislation proceeds."

This is a turnaround for the agency, which previously endorsed an aggressive approach to deregulation. Times have changed, ElectriCities said, because of:

  • Problems with deregulation in California and other states.

  • A rise in wholesale prices for natural gas.

  • Insufficient study on market domination.

  • The need for public hearings to determine actual utility stranded costs.

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