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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

Maharashtra Fights Deadbeats, Power Thieves

LCG, Feb. 16, 2001Following Enron Corp.'s use of Indian government federal credit guarantees to get the state of Maharashtra to pay electric bills for its state electricity board, that government-owned utility is tightening the screws on non-paying customers and power thieves, The Times of India News Service reported this morning.

A top official of the Maharashtra State Electricity Board, speaking to the news service on condition of anonymity, said the utility was shutting off power to non-paying customers at the rate of 20.000 per day.

The official complained of the MSEB tariff structure, saying that of 13 million customers 11.8 million were subsidized in one way or another. In other words, he said, nine out of every 10 customers receive power at concessional rates.

Power thefts also continue to be a major cause of MSEB losses, the official conceded, and he admitted that a lot of the theft was done with the knowledge and cooperation of MSEB's own people. He said that nearly 200 MSEB officers had been punished for turning a blind eye to power thefts.

Another problem faced by India's state electricity boards is that of power supplied to agricultural businesses at very heavily subsidized rates. The official said it had been observed that electric pumps were left running even after the required amount of water was drawn. This was happening simply because power was cheap, he said.

Withal, the official said the MSEB was one of the most efficiently run state electricity boards in India.

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