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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

Washington Says No Rate Hike for Puget Energy

LCG, Oct. 5, 2001--The Washington Utilities and Transportation Commission said yesterday it has rejected a request by Puget Sound Energy Co. for an emergency $84 million rate increase.

"Here, there is no demonstration that the failure to grant the requested relief would cause clear jeopardy to the utility or detriment to the ratepayers," the three-member commission wrote in its decision.

The company, a subsidiary of utility holding company Puget Energy Inc., had asked for the rate increase on August 21, saying it was needed because of volatile wholesale power prices and a long drought which had reduced the availability of hydroelectric power by about half.

The commission said Puget Sound Energy would file a general rate case next month, which will allow the regulators "to review more thoroughly the company's financial records, power costs and other business expenses. Today's ruling by the commission has no bearing on future rate-case decisions."

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