EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

SoCal Ed: 'No Comment' on Davis' Rescue Plan

LCG, Aug. 22, 2001--Southern California Edison Co. knew pretty much what Gov. Gray Davis was going to offer to the state Assembly's Democrat caucus yesterday in the way of revisions to the deal the governor had worked out with the utility in April, and it knew it wouldn't like them.

When he learned of the details of Davis' meeting with the lawmakers, Chief Financial Officer Jim Scilacci told a conference call of the utility's creditors that he will have "no comment on questions relating to this rescue package" at this time.

When Davis reached agreement with SoCal Ed on a "rescue plan," the idea was for the state to buy the utility's transmission assets for $2.76 billion and for the company to use the money to pay off as many of its creditors as it could. The governor and SoCal Ed said that's the way it is -- no changes -- and it has got to get done by August 15.

The California legislature wanted no part of the plan, and lawmakers began coming up with their own ideas. In July, the state Senate passed a measure offered by Sen. Byron Sher, a Palo Alto Democrat. His proposal said forget about the wires. The state would back about $3 billion in tax-exempt revenue bonds that the utility would issue and be responsible for. And there were pretty tight strings attached to what the company could do with the money.

Yesterday, Davis suggested ways the state Assembly could modify Sher's bill to make it better.

First of all, SoCal Ed would have to make sure that residential customers did not see a rate increase to help pay off the bonds and pay the interest. Residential customers are voters. But even small businesses would be included among those that foot the bill.

The state would not go through with the purchase of the transmission lines unless the legislature voted for it.

SoCal Ed would provide public easements to about 24,000 acres of land near its hydroelectric plants.

The company would be required to increase the amount of power from renewable resources in its portfolio.

Democrat Assemblyman Fred Keeley of Boulder Creek, said bankers have warned that SoCal Ed's 3,600 large business customers aren't enough to support a $2.9 billion bond. And state Senate President Pro Tem John Burton, a San Francisco Democrat, said the provision about small businesses didn't have a chance of passage.

Republicans in both the Assembly and the state Senate said no one had yet told them about any of this.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service