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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

Sithe Calls it Quits on N.Y. Peaking Plant

LCG, Dec. 17, 2001--Sithe Energies Inc. on Friday said it had decided to call off development of a new power plant it had planned to build in Ramapo, N.Y. The company said the decision is based on the uncertain climate for the development of peaking power facilities in New York State.

"The current climate in this region, with its shifting energy market conditions, makes the construction of a peaking facility at this location uneconomic at this time," said Jim McGowan, senior vice president for development. "This kind of decision is highly complex, and is reached only after careful consideration of many factors. No single factor was determinant."

Two state agencies, the New York Power Authority and the Long Island Power Authority, have been actively addressing the need for peaking power in and around New York City by installing small gas turbines of 40 or 50 megawatts capacity in the region.

The Ramapo plant was originally conceived as a baseload plant but was changed to a peaker earlier this year.

"Sithe has a long history in New York State of developing and operating clean energy facilities," said McGowan. "Sithe has invested billions of dollars throughout the Northeast region. We look forward to continuing that relationship, and we'll evaluate other opportunities as they arise."

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