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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

Reuters Ranks Big Power Companies Worldwide

LCG, April 11, 2001When Germany's Eon announced its planned takeover of Britain's Powergen earlier this week, it said it would create the world's largest investor-owned electricity and gas utility when measured by market value.

Market value depends on the current trading price of a company's stock, so Reuters decided to rank the top dozen by sales of power, measured in megawatt-hours, and threw in government-owned utilities as well.

Here is Reuters' top twelve:

  1. RAO-UES of Russia (government-owned)
  2. Electricit de France (government-owned)
  3. Eon plus Powergen
  4. Tokyo Electric Power Co.
  5. Enel of Italy (government-owned)
  6. American Electric Power Co. Inc.
  7. RWE of Germany
  8. The Southern Co. of the U.S.
  9. TXU Corp. of the U.S.
  10. Endesa of Spain
  11. Electrobras of Brazil (government-owned)
  12. Scottish Power
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