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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

Newsmakers

Beverly J. Burke has been appointed vice president and general counsel of WGL Holdings Inc., effective July 1. She will replace John K. Keane, Jr., who has announced that he will retire from the company effective December 31. WGL Holdings is parent company for Washington Gas Light Co., the local natural gas utility serving the nation's capital.

Moray Dewhurst has been elected chief financial officer of FPL Group Inc. and will assume his new position in mid-July. He most recently was a senior partner and director of Dean & Co., a management consulting and investment firm that he co-founded in 1993.

John Reese has been promoted to vice president for government relations by Orion Power Holdings Inc. Since joining the company last year, he has served as director of government relations for New York, working on regulatory, legislative and wholesale market issues.

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