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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

Storm Leaves Thousands Without Power

LCG, Feb. 1, 2002--A severe winter storm that battered the Midwestern Plains on Wednesday continued eastward, lasting through Friday, leaving effects that remain serious and widespread.

Snow, ice and freezing rain together caused power lines to break or topple, resulting in power outages that affected thousands Friday, in Missouri (145,000), Oklahoma (255,000), Michigan (184,000 homes), Indiana (63,000 homes), and Ohio (47,000 homes).

In Oklahoma, most of those without power were outside the metropolitan areas, and officials there said that days might pass before electricity would be restored for all of those customers. Ice contributed to the most severe storm in Oklahoma of the past 100 years. Although 270,000 customers were without power in Kansas City Thursday, power was restored to less than half by mid-day Friday.

Record snowfall fell in cities in Michigan and Wisconsin. Twenty deaths were attributed to the storm through a broad swath of midwestern states, and in New York. Air traffic resumed today at Kansas City International, and at O'Hare and Midway airports, while countless businesses and schools remain closed.

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