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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

German Cartel Office Vetoes E·on-Ruhrgas-Deal

LCG, Dec. 3, 2001--Germany's cartel office, das Bundeskartellamt, has vetoed a plan by Eon, the country's largest utility, to acquire controlling interest in natural gas supplier Ruhrgas, the German newsweekly Der Spiegel said in yesterday's edition.

Eon and the cartel office were said to be negotiating a compromise, but Eon declined comment.

Der Spiegel said Ulf Bge, head of das Bundeskartellamt, had written a letter to Eon on Friday expressing concern that the acquisition would give Eon "greater influence" over a large number of local and regional gas distributors. Large gas dealers such as Contigas und Thgas were cited.

It was implied that the cartel office had not made its final decision. The magazine said Eon officials feel participation in some public utilities must be possibly sacrificed, in order to allay concerns of the cartel office.

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