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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

Indian State Board Admits Dabhol Projections Faulty

LCG, Jan. 19, 2001The Maharashtra State Electricity Board has admitted its projections for Enron Corp.'s 2,184 megawatt Dabhol power project were "off the mark," The Financial Express reported in Mumbai this morning.

In September 1998, the electricity board had said "There is sufficient projected base load demand for power in the state which justified Dabhol phase-II at 90 per cent dispatch. The capacity deficit at base load in 2002 is expected to be 542 megawatts in 2002 and even after Dabhol phase-II comes on line in 2001-02, our analysis reveals that the capacity deficit at peak load is expected to be 311 megawatts."

The electricity board blamed projections that placed demand in Maharashtra for this coming March at 11,600 megawatts, but it is only 6.400 megawatts today. The board said it also had not anticipated an increase in the price of power from Dabhol, making "its purchase unattractive to consumers within and outside Maharashtra."

With the first 722 megawatt unit of Dabhol Phase II set to come on-line, the Maharashtra State Electricity Board admitted "it is a fact that we have not been able to fully absorb even DPC phase-I power at 90 per cent plant load factor."

As part of the agreement with Enron, the electricity board or the state government of Maharashtra must guarantee that the new generation will be purchased. The electricity board asked the state government "Can we ask them to stop now?"

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