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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

UtiliCorp Closes St. Joseph Deal, Quits on Empire District

LCG, Jan. 3, 2001UtiliCorp United Inc. said yesterday that it had completed its acquisition of St. Joseph Light & Power Co. Separately, the company announced it has terminated its agreement to acquire the Empire District Electric Co.

In a letter sent yesterday to Myron W. McKinney, Empire District president and chief executive officer, UtiliCorp President and Chief Operating Officer, Robert K. Green, pointed out that under the terms of the agreement, either company could terminate the deal if regulatory approvals of the merger were notobtained by December 31.

Arkansas has rejected the merger, Missouri has approved the merger but rejected the companies' regulatory plan in support of it, and Kansas has yet to take action.

"The significant remaining uncertainty of this lengthy regulatory process prevents any reasonableexpectation that the merger could ever be completed with balanced benefits accruing to Empire'scustomers and the shareholders of both companies," Green said.

Myron W. McKinney, Empire's chief executive, said his company was disappointed, but "will continue providing the quality services that our customers expect and deserve while providing a fair and reasonable return to our shareholders."

As to closing the St. Joe deal, Green said "The merger joins two of Missouri's most experience utilities, which have adjacent territories."

Under the terms of the merger agreement, St. Joe shareholders will receive .7933 shares ofUtiliCorp common stock for each share of St. Joe stock held as of December 29.

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