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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

EdF Eyes UK's Seeboard

LCG, Nov. 20, 2001--Electricit de France, fresh from its successful acquisition of a British electric distribution company and a large English power plant from TXU Europe, is said to be interested in purchasing Seeboard, the south-east of England regional electricity company.

EdF already owns London Electricity and the retail business of Sweb, England's southwestern regional electric company. Yesterday the French state-run monopoly announced the purchase of Eastern Energy, Britain's largest electric distribution company, from TXU.

American Electric Power Co. of the U.S. is expected to put Seeboard on the market next year, and Bruno Lescoeur, chief executive of London Electricity, says EdF is interested. "We would definitely be interested in Seeboard if it becomes available," he said.

EdF is Europe's largest electric company and is getting bigger. The acquisition of Seeboard, with London Electricity, Sweb and Eastern Energy already in hand, it would control most of the English power market south of the industrial midlands.

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