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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

California Regulators May Allow 20 Percent Rate Hike

LCG, Jan. 3, 2001The California Public Utilities Commission staff will recommend that the state's two largest electric utilities be granted "interim" rate increases of up to 20 percent, a source close to the Commission hearings said this morning.

Pacific Gas & Electric Co. has been pushing for a 26 percent rate increase and Southern California Edison Co. has asked for 30 percent. Both companies say they will want more later, to pay for close to $9 billion in subsidies they have been forced to grant electricity customers.

A 20 percent rate increase would add between $10.50 and $13.00 to the typical householder's monthly electric bill.

The Commission began two days of hearings into the rate increase last Wednesday, but they spilled over into this week. The Commission staff will propose the rate increase, possibly late today, and the Commission will discuss and vote on it tomorrow.

In Sacramento, state lawmakers were expected to take up the state's electricity problems today in a special session of the Legislature called by Gov. Gray Davis.

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