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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

Enron May Exit Wind Power by Year End

LCG, July 5, 2001--Enron Corp. may exit the wind power business by the end of this year as part of its plans to refashion itself as a trading and marketing company, Enron Wind managing directorAndreas Reuter said yesterday.

Attending a week-long European Wind Energy Conference and exhibition in Copenhagen, Reuter said "Enron has a plan to sell off its assets not linked to trading, and Enron Wind is considered (such) an asset. We might find a solution this year."

"The most likely outcome is for a financial investor to take over the company and launch an IPO in two years time," he added.

Last year, Enron had trouble siting a wind farm in California when environmentalists discovered that the site chosen was in the path of flights by the almost-extinct California Condor, but another acceptable site was found.

In Europe, Enron has voiced interest in wind projects for Britain, France, Ireland and The Netherlands and has installed wind capacity in Germany and Spain. "If the British market starts moving, we would consider manufacturing blades over there," Reuter said.

Based on figures for the year 2000, Enron has about 6 percent of the world's installed wind power capacity, about a third of the leader Vestas Wind Systems of Denmark.

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