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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

Indiana House Votes for More Regulatory Muscle

LCG, Feb. 21, 2001Indiana utility regulators would be given more muscle with which to keep electric, natural gas, water and telephone companies in line under a bill approved by the state House yesterday be an 84-12 vote.

"Misbehavior exists, and we need to have intelligent ways to handle this misbehavior," said Rep. Scott Pelath, a Michigan City Democrat.

The measure would give the Indiana Utility Regulatory Commission authority to fine a utility that violates state law or refuses to comply with a commission order. Fines could range up to $25,000 for each day of continued "misbehavior," up to a maximum of $2.5 million in a month.

Do the arithmetic. If the worst the utility can do would cost it $25,000 a day, it would take a 100-day month to reach the cap.

Under present rules, Indiana regulators can fine a utility only $1,000 per day, and must get county prosecutors to handle the fines for them.

Republican House leader Brian Bosma said that the bill is reactionary and represents "everything that's wrong with the legislative process." He said the amount of the fines were much higher than surrounding states and that "big fines aren't necessarily the answer."

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