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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

Sierra Pacific to Skip Quarterly Dividend

LCG, April 16, 2001Sierra pacific Resources Inc. said on Friday that it would skip the quarterly dividend ordinarily paid to stockholders on May 1 and would try to explain the action to shareowners at the company's May 21 annual meeting.

"The dividend is vitally important in retaining investor confidence in Nevada at a time when newenergy infrastructure is so critical to protecting consumers from this crisis," said Walt Higgins,president and chief executive. "However, it is equally important that our dividend reflect our current financial condition and the continued uncertainty about the energy crisis."

The state of Nevada finds itself washed by the floodwaters of California's energy crisis and has problems of its own because of that. Sierra Pacific said continued uncertainty over how Nevada willresolve its energy crisis prompted the board's action.

"We recognize that this decision is painful to shareholders who have already suffered anunprecedented drop in the value of their investment," said Higgins. "However, it is really the onlydecision that can be made until we can get a more definitive view of how and when this crisis can beresolved."

The Sierra Pacific board also told the company to continue to keep a lid on expenditures other than those associated with safety and customer service.

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