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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

Jon Eliassen will retire from Avista Corp. Eliassen serves as senior vice president and chief financial officer, and will continue in those positions until his official retirement in April 2003, so that the company may make a smooth transition to new leadership. Eliassen began his tenure with Avista in 1970.

Carol M. Chinn has been appointed president and chief executive officer of Georgia Transmission Corporation effective April 1, 2002. Current president and CEO Julian Brix had announced his intent to retire this spring. Chinn is Vice President for System Planning, and has wide experience in transmission and distribution systems.

Karen Clark has been named chief financial officer of Capstone Turbine Corp. Clark replaces CFO Jeffrey Watts, who retires this year. Clark was previously senior vice president and CFO of PacifiCorp., the electric utility service provider.

Michael Weedall has been selected as vice president for Energy Efficiency of the Bonneville Power Administration's Power Business Line. Weedall, who left BPA in 1985 to form his own company, has worked with numerous utilies, specializing in efficiency programs and demand-side management.

Paul Mann has been appointed chief financial officer of North Pacific GeoPower Corp. Mann is currently Vice President, Comptroller with Crew Development Corporation, the majority shareholder in North Pacific.

Frank P. Bramble, Chief Executive USA for Allied Irish Bank Group and Chairman of the Board of Allfirst Financial Inc., has been elected to the board of directors of Constellation Energy Group. Bramble has 34 years of experience in the banking industry.

In a change to its management structure, Green Mountain Energy has promoted Dennis Kelly to the newly created position of vice chairman. Paul Thomas, who is currently president and chief operating officer, will be CEO and president. The changes are effective February 1, 2002.

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