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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

Taiwan Parliament Says Finish Building Nuclear Plant

LCG, Jan. 31, 2001--Taiwan's opposition-controlled parliament early today passed a resolution calling on the government to resume construction immediately on a $5.4-billion, 2,700 megawatt nuclear power plant project it had ordered scrapped in October.

The vote was 134-70, with only three members of the Nationalist Party defecting to President Chen Shui-bian's Democratic Progressive Party. Senior Democrat Progressives said the government would reject the result and call for mediation of the issue.

Parris Chang, chairman of the parliament's Foreign Relations Committee and a member of Chen's party, said "The president has the power to mediate, and he will see if some kind of compromise solution is possible."

The Nationalists are expected to do little more than listen during any mediation process, and then seek other legal and political means to force the government to resume construction of the plant.

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