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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

Newsmakers

William Powers Jr., dean of the University of Texas School of Law in Austin, Texas, has been elected a director of Enron Corp., effective immediately. The company said he will be chairman of a special committee to examine and take any appropriate actions "with respect to transactions between Enron and entities connected to related parties."

James T. Rhodes, a veteran of more than 30 years in the energy industry, has been named to the Duke Energy Corp. board of directors the company. Dr. Rhodes recently retired as chairman, president and chief executive of the Institute of Nuclear Power Operations.

Susan M. Stalnecker, vice president for finance and treasurer of DuPont Corp., has been named to the PPL Corp. board of directors.

Chesapeake Utilities Adds Three Directors
Diversified utility Chesapeake Utilities Corp., has announced the appointment of three new members to its board of directors, all effective November 1.

  • Thomas J. Bresnan will be a Class I director with a term running from 2001 to 2003. He is chief executive of Anaheim, Calif.-based of New Horizons Worldwide Inc.

  • J. Peter Martin becomes a Class II director with a term running from 2001 to 2004. He is the retired founder, president and chief executive of Miami, Fla.-based of Atlantic Utilities Corp.

  • Joseph E. Moore Esq. will be a Class III director and serve from 2001 to 2002. He is a partner in the Maryland law firm of Williams, Hammond, Moore, Shockley and Harrison.

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