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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

PSEG to buy 35 Percent of Polish Power Plant

LCG, Aug. 31, 2001--U.S. utility holding company Public Service Enterprise Group Inc. said yesterday that it will take a 35 percent interest in Elektrownia Skawina, a coal-fired power plant that supplies a fifth of the power needs of the Krakow area in Poland.

"We are expecting to sign a deal around September 15," said George Holoyda, manager of PSEG's Polish unit. The Polish treasury said it would likely sign a sales agreement with PSEG by the end of September.

PSEG, which will pay $25 million for its share of the 590 megawatt plant, beat out rival bids from French utilities Electricit de France and Snet. Under terms of the purchase, the American company will be allowed to increase its stake to more than 50 percent by investing in the facility.

Skawina is the last of Poland's conventional power plants to be sold under the country's privatization program, which is expected to be completed in 2005. Three cogeneration plants and one electric distribution firm remain to be sold this year.

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