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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

SoCal Ed Holds Off Most QF Power Suppliers

LCG, Aug. 6, 2001--Cash-strapped Southern California Edison Co. said Friday that it had reached settlements with most of the "qualifying facility" power producers that had sued it for non-payment, holding off for now the possibility that a group of them might force the utility into involuntary bankruptcy.

SoCal Ed said it had agreements in place with more than 100 QFs as well as with three of four larger generators, and was close to agreement with the fourth.

" With those settlements, we should have standstills with the vast majority of QFs that we've been in litigation with," said SoCal Ed senior counsel Russ Swartz. By "standstills," he meant that the parties had agreed to refrain from pursuing certain actions -- in this case lawsuits.

Ted Craver, chief financial officer for SoCal Ed's parent Edison International Inc., said the utility remains in "active discussions" with California legislators and Gov. Gray Davis on the deal negotiated by the governor for the state to buy its transmission system, despite the probability that nothing will be done until after the August 15 deadline agreed to by Davis and SoCal Ed in April.

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