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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

Regulators Okay Narragansett Electric Rate Cut

LCG, Sept. 24, 2001--The Rhode Island Public Utilities Commission has approved a rate decrease for Narragansett Electric Co.'s Standard Offer service, the utility said Friday. The decrease will become effective on October 1.

More than 99 percent of Narragansett's customers are on Standard Offer service.

On August 28, Narragansett asked the commission for the rate decrease to reflect more accurately the current cost of power it purchases on behalf of its customers. The lower prices are a direct result of the recent decline in the price of oil and natural gas.

The typical residential Standard Offer customer using 500 kilowatt-hours of electricity per month will see an 8.1 percent reduction in the overall bill, or $5.38 per month. Business customers who take Standard Offer service will see reductions of from 8.1 percent to more than 10 percent, depending on their usage and rate structure.

"Last year, Narragansett Electric had to increase prices as a result of the extraordinary increases in the price of fuel that is used by power suppliers to generate electricity," said Michael Ryan, an executive vice president. "Over the last year, the commission demonstrated foresight during that period to allow us to recover power supply costs as they were incurred. As a result, we are now able to pass along to our customers the benefits of the recent dramatic reductions in power supply costs."

The company serves about 460,000 customers in Rhode Island, and is a subsidiary of National Grid Plc of Great Britain.

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