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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

Mirant Finally Unloads Chile's Edelnor

LCG, Jan. 2, 2002--Mirant Corp. of the United States said this morning that it completed the $4.5 million sale of its money-losing Chilean electric utility Empresa Electrica del Norte Grande SA , or Edelnor.

In addition to paying Mirant $4.5 million, F.S. Inversiones Ltda. will assume $340 million in debt and try to stave off liquidity problems.

Edelnor, which consists mostly of 760 megawatts of generation capacity, has been unable to settle into a profitable routine in northern Chile, where it is one of the principal generators of electricity. Mirant put the company on the block last October after writing off its entire investment in the company.

At that time, it also said it would not invest another dollar in Edelnor.

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