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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

California Power Authority Faces FERC Scrutiny

LCG, Aug. 23, 2001--Federal regulators say California's new power authority would have to get federal permission to buy power contracts, hydroelectric plants or electric lines, the Sacramento Bee reported this morning.

In addition, there could be some circumstances when the new agency's goal of providing electricity for Californians could clash with federal rules on how wholesale power can be traded, wrote Kevin Madden, general counsel for the Federal Energy Regulatory Commission.

Madden's letter, which responded to an inquiry by U.S. Rep. Doug Ose, a Northern California Republican and California Secretary of State Bill Jones, also a Republican, was dismissed by S. David Freeman, head of the state's new Consumer Power and Conservation Financing Authority.

The 72-year-old Freeman, a political appointee of Gov. Gray Davis, is former head of the Los Angeles Department of Water and Power and has spent his professional life in the publicly-owned power sector.

There was no need for FERC to "dream up" circumstances under which the state might fall under its authority, Freeman said, particularly when FERC has been so slow to come to California's aid in the past.

"If they can't help us, the least they can do is stop writing letters," he said.

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