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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

Oklahoma May Slow Dereg Pace

LCG, Feb. 20, 2001The Oklahoma state House Energy and utility Regulation Committee was to consider a bill today that would make the beginning of electric deregulation in the Sooner State occur later.

The measure, introduced by Democrat Rep. Larry Rice, would extend the deadline for implementing electric deregulation from July 1, 2002, to Jan. 1, 2004. Rice was pretty sure the legislation would be moved to the floor of the Oklahoma House, "But you never know."

He'll get help from the other side of the aisle if it does. Rep. Larry Ferguson, chairman of the Republican Caucus' electric deregulation committee, said he his people favor delaying deregulation "until at least January 2004."

Ferguson added, "With all that's gone on in California and some other places, I think people are very suspicious of deregulation."

Oklahoma state Sen. Kevin Easley, who wrote the legislation that would start deregulation in 2002, said he didn't see a need for delay. He agreed the news from California was not reassuring, "But I feel like that's only because the success stories related to some of the other 20 states has not gotten out. It's easier to talk about the one failure than it is the 22 or 23 successes, starting with Pennsylvania and moving on down to Arizona."

Easley pointed out that California's problem was one of supply and demand and Oklahoma had the supply and would not see the power shortages that upset the applecart in California. Oklahoma has about 12,000 megawatts of installed capacity and another 9,000 megawatts under construction.

"We only have 13,000 megawatts that we use on our worst peaking day," Easley said.

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