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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

Cal ISO Warns of Possible Power Shortages

LCG, Oct. 3, 2001--The California Independent System Operator warned yesterday of possible electricity shortages as 9,300 megawatts of generation could be off-line toward the end of October due to plant maintenance, emission reduction projects, "forced" or unplanned outages, and low water conditions.

If the repair work were to coincide with a high-demand day, operating reserves could fall below critical levels, Cal ISO said. The state has not seen rolling blackouts since May 8 and the ISO doesn't want to declare a Stage 3 emergency which would bring them on.

Cal ISO said it expects to have enough power available today and through the month of October to meet the forecast demand, as long as conservation continues, but stresses the importance of conservation as an important tool to help the it balance the grid and lower consumers bills.

The agency is urging Californians to continue using less power, and specifically to use less power during the peak hours between 2:00 and 7:00 p.m.

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