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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

N.Y. ISO Worries About Power Shortage, Price Spikes

LCG, June 1, 2001--The New York Independent System Operator yesterday warned that a power crisis threatens the Empire State, though there are unlikely to be California-style blackouts this summer.

The ISO, urging regulators to streamline the permitting process for new power plants, said the state could face power shortages and increased electricity prices as early as next year if new generation does not come on line.

"New York has no significant generation coming on and we are expecting load increases. That spells trouble," said Bill Museler, chief executive of the ISO.

As in California, there are many proposals for new power plants 65 at latest count but only five have been accepted. And those five, even if they clear all regulatory hurdles and survive local appeals, could not begin to produce power for at least two years.

"It is crucial some of those plants are approved this year or power reliability will be at very serious risk and prices will be judged totally unacceptable," Museler said.

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