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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

PSEG Proposes 1,100 Megawatt Plant for Ohio

LCG, Jan. 5, 2001--PSEG Power LLC yesterday proposed building a 1,100 megawatt natural gas-fueled, combined-cycle power plant to be located in Arcadia, Ohio.

The Arcadia location is only one of several sites in the Midwest being considered for construction ofmerchant power plants by PSEG Power, the company said. Which sites will be developed depends upon a number of factors, including potential receipt of tax abatements and the obtaining of local and state approvals.

"PSEG Power is looking at a number sites in the Midwest for additional plant construction," saidTim Young, the company's regional director for business development. "A plant of this size bringssignificant economic and tax benefits to the local community. We plan to work with local officials tomaximize these benefits."

At its peak, construction of the plant would employ more than 600 people. it would have about 25 to35 full-time employees once the plant begins commercial operations in 2004.

PSEG Power is a sister company to Newark, N.J.-based Public Service Electric & Gas Co.

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