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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

New Russian Nuclear Power Plant Goes Critical

LCG, Feb. 23, 2001Operators this morning began the nuclear chain reaction in Russia's first new nuclear power plant to be completed since the Soviet era. Officials called it a "breakthrough" and opponents said it reminded them of Chernobyl.

The Rostov Atomic Energy Station is southern Russia has been more than 20 years in the making. It was almost complete when a unit of the Chernobyl plant exploded in 1986, prompting sufficient opposition even in Soviet Russia to halt construction.

Plant spokesman Yegor Obukhov said it would take several months to bring the new plant up to 100 percent of capacity. Thereafter, it will supply much-needed power to Rostov province and much of the region between the Black Sea and the Caspian Sea.

The Soviet-designed VVER-1000 reactor at Rostov differs considerably from the infamous Chernobyl reactor, officials point out. The most notable difference is the isolation of radioactive functions in a containment building strong enough to withstand an internal explosion and a magnitude-7 earthquake.

That isn't good enough for the plant's opponents. "This is the last thing the Rostov province needs. We've seen what those monsters can do and should never forget it," said Alexander Filipenko, chairman of the Rostov Chernobyl Union.

What those monsters do is provide 12 percent of Russia's electricity. Vladimir Pogorely, director of the new facility, said the plant would also create thousands of new jobs for the depressed town of Volgodonsk, and added that the reactor would be the safest in Russia.

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