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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

Serb Energy Minister Quits As Power Crisis Grows

LCG, Dec. 29, 2000Serbian Energy Minister Srboljub Antic said yesterday that he would resign because he has been unable to alleviate a growing power crisis that has many householders doing without electricity up to 18 hours per day.

Antic told Belgrade Radio "Since I may not have done enough or I should take some responsibility for the energy situation, today I will submit my resignation from the post of the Serbian minister of energy."

Serbia, already short on electric generation resources, has seen it's power problems become acute as a result of a long dry spell which has reduced the flows in the Danube and Sava Rivers, cutting hydroelectric generation severely.

On Monday, Dragan Batalo, assistant general manager of national utility Elektroprivreda Srbije, said things had got so bad that institutions such as hospitals might no longer be exempted from the cuts. "It can even happen that consumers remain without power for an unplanned and unlimited time," he said.

Antic had been appointed energy minister on an interim basis in the transitional government that took over from the Socialists in Serbia, which is Yugoslavia's dominant republic, after Yugoslav president Slobodan Milosevic was ousted in October.

As the power crisis deepened, Serbia took to "borrowing" electricity from its neighbors, taking it illegally from the Balkan transmission grid to which several of Serbia's neighbors are connected. The new government concedes that the power must be repaid.

Ironically, Antic's resignation may come just as the power situation in Serbia improves. Recent rains should help with hydroelectric power and the country has worked out a deal with Gazprom of Russia for power plant fuel.

"The situation with the electricity is dramatically improving because of a heavy rainfall in the region. I expect the situation to significantly improve (Friday) and no power cuts on Saturday," Antic said.

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