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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

Work on India's Dabhol Power Plant Halted

LCG, June 18, 2001Dabhol Power Co., the embattled $2.9 billion power project in western India owned 65 percent by Enron Corp. of the U.S., said yesterday that work on its 1,444 megawatt phase two had been halted because of uncertainty over funding.

In a terse statement, the company said "The DPC received notice today that the construction contractors have terminated further work on phase two of the Dabhol power plant." Phase two of the plant has been scheduled to begin commercial operation later this month.

Almost since the 740 megawatt phase one of the facility began production last year, Dabhol has been in constant dispute with its sole customer, the Maharashtra State Electricity Board, over payment for power sold to the state-owned utility.

At first, the MSEB simply dragged its feet over paying its bills, forcing Enron to invoke state and federal guarantees. More recently, the MSEB has been trying to back out of contracts it signed with Enron in the mid-1990s.

In the Dabhol statement, managing director Wade Cline said the project's lenders found it "near impossible" to continue funding the nearly-complete second phase. "Since the contractors cannot continue to work without payment, they have terminated their construction contracts," Cline said. "These actions are a direct consequence of the MSEB and governments' failure to live up to their commitments."

Dabhol said "Given the ongoing defaults by MSEB, we anticipated the contractors' termination. Consequently, DPC is implementing prior plans to care for and preserve Phase II of the plant pending a resolution of the dispute."

The company said it was "committed to finding lasting solutions" to the disputes. "In the interim, DPC will continue to abide by the PPA, meet contractual obligations, enforce its rights under contracts and take various disputes to the contractually defined dispute resolution process," the Dabhol statement said.

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