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

Reliant, Mirant Said Pushing SoCal Ed Bankruptcy

LCG, Sept. 20, 2001--Two major power producers in California -- among those the state's governor calls "the biggest snakes on the planet earth" -- are looking for a third to join them in forcing Southern California Edison Co. into involuntary bankruptcy, Reuters news agency reported yesterday evening.

While SoCal Ed remained confident that smaller "qualifying facilities" would grant the utility forbearance, Mirant Corp. and Reliant Energy Inc. are growing impatient, the news service said, citing "creditor sources." It would take a petition from just three creditors to force the company into bankruptcy.

"Those two are solid. They have been courting others to feel them out," said one creditor source, who asked not to be identified.

Duke Energy Corp., which has also been accused by California Gov. Gray Davis of plundering the state, will not be party to such a move, a spokesman said. "We are not going to participate (in a bankruptcy filing)," Duke spokesman Tom Williams said.

Ted Craver, chief financial officer of SoCal Ed's parent holding company Edison International Inc., said on Tuesday that the company would "vigorously oppose any involuntary bankruptcy petition."

A spokesman for Reliant said the company currently has about $337 million in outstanding receivables owed mostly through the California Power Exchange, of which about 60 percent were related to sales to Pacific Gas & Electric Co. and 40 percent to SoCal Ed.

A Mirant spokesman could not immediately confirm how much the company was owed by SCE. In a filing with the U.S. Securities and Exchange Commission last month, Mirant said that it was owed $353 million for power sold through CalPX and the California Independent System Operator as of June 30.

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