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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

Relicensing Sought for North Anna, Surry Nukes

LCG, May 31, 2001--Dominion Resources Inc. said yesterday it had filed an application with the Nuclear Regulatory Commission to renew the operating licenses of its two Virginia nuclear power plants for an additional 20 years.

If approved as expected, the license extensions would permit the two 900 megawatt reactors at the North Anna plant near Richmond to operate until 2038 and 2040. The two 800 megawatt reactors at the Surry nuclear power plant near Newport News would be authorized to operate until 2031 and 2033.

The 103 commercial reactors operating in the U.S. were originally granted 40-year operating licenses by the NRC, but an industry-wide improvement in its "nuclear safety culture" and stringent operating and maintenance oversight by the federal agency have most, if not all, running better than ever.

The NRC has set up guidelines for nuclear operators seeking to renew licenses, requiring operators to show a 20-year operating history and to demonstrate that continued operation would not endanger public health or safety or harm the environment.

Because of the low cost of uranium fuel, the nation's nuclear power plants were able to produce power for 1.83 cents per kilowatt-hour in 1999, the most recent year for which figures are available. That is lower than the cost of producing power from coal, and to top it off, nuclear plants now typically operate at around 90 percent of capacity, day in and day out, and even skeptics are coming to realize they do so without emitting any pollutants.

Because of these considerations, industry observers expect operators of nearly all 103 reactors to apply for license extensions.

"It's a pretty high number that we're looking at and that's a good reason to get in line early," saidDominion Resources spokesman Jim Norvelle. He said it would take about two years for the NRC to approve the applications.

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