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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

NYSE&G Says New York Short on Energy Supply

LCG, April 6, 2001Utility New York State Electric & Gas Corp. says its state does not have enough in the way of power plants, transmission facilities and natural gas pipelines to support a competitive wholesale electricity market.

"Today, rising total electric prices in parts of New York threaten our economy," NYSE&G's president Ralph Tedesco said. "While NYSE&G strongly supports competition, our experience in New York, coupled with the California experience, underscores the need for us to reevaluate the time frame and infrastructure requirements necessary to achieve our goals."

NYSE&G, in a report with the title "New York State's Electric Energy Crisis and NYSE&G's Comprehensive Solution," says that since the New York Independent System Operator took over the wholesale power market in November 1999, wholesale electricity prices have risen more than 100 percent because there is insufficient in-state supply to create a liquid market.

Ken Klapp, a spokesman for the ISO, said most of what the utility is talking about is being addressed by the ISO and the New York State Public Service Commission.

NYSE&G's "Comprehensive Solution" consists of price caps on wholesale power through 2008.

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