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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

Boston Edison Parent Asks for Electricity Rate Cuts

LCG, Oct. 16, 2001--NSTAR Electric said yesterday it has asked the Massachusetts Department of Telecommunications and Energy for permission to cut electricity prices by as much as 27 percent for customers who take default service from the company.

If approved, the rate cut could save those customers more than $11 per month, the company said.

While the reductions vary slightly for three NSTAR affiliates, Boston Edison Co., Commonwealth Electric Co. and Cambridge Electric Co., customers will see roughly the same savings on their monthly electric bills. The typical householder, using about 500 kilowatt-hours of electricity per month, will see his bill drop from the high-$40s to the mid-$30s.

Thomas J. May, NSTAR's chief executive, said "We are delighted to see world energy prices falling so rapidly and we are even happier to see the savings coming home to the people and businesses of Massachusetts. These lower energy prices will save Massachusetts residents and businesses more than $450 million and that will be a major contribution to the financial health of our state's economy."

The company said that it will ask approval next month to cut standard offer rates for the three local utilities. These requests come on top of an earlier filing asking approval to reduce natural gas prices by 32 percent.

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