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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

U.S. Senate to Probe California Power Problems

LCG, Jan. 24, 2001The U.S. Senate Committee on Energy and Natural Resources will hold at least one hearing next week on the electric power problems besetting California, its chairman, Sen. Frank Murkowski, said yesterday.

The Alaska Republican said the hearings would try to identify the causes of the problems and to assess the danger of their spreading to other states. The committee will deliberate over whether federal legislation can prevent recurrences or prevent the problem from spreading.

Idaho Sen. Larry Craig, also a member of the Energy Committee, said "We have got to get this thing under control."

The two senators spoke during a committee meeting to vote on the nomination of Gale Norton to be Secretary of the Interior in the Bush administration.

Yesterday, the Bush administration agreed to continue for two week emergency orders of the previous administration requiring suppliers to continue to sell electricity and natural gas to California utilities. It was made plain that there would be no further extensions.

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