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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

BPA Sees Difficulty In Escaping Enron Contract

LCG, Feb. 11, 2002--A multiyear power purchase contract the Bonneville Power Administration signed with Enron could be broken off, but only at a high price.

The contract is for delivery of 320 megawatts through 2006, at an average cost of about $50 per megawatt-hour. The BPA is paying a premium of above $20 per megawatt-hour over current market prices. A spokesman for the BPA, Ed Mosey, told the Seattle Times, "we continue to look at our options, but just because a company files bankruptcy doesn't mean that you can walk away from your agreements."

The purchases by BPA were initiated between fall 2000 and spring 2001, and based on the high wholesale power prices of that period, BPA's rates increased 46 percent in October. Both the Snohomish County Public Utility District and Palo Alto, Calif., canceled contracts with Enron by invoking escape clauses relating to Enron's credit rating. Both are awaiting legal challenges in bankruptcy court, as Enron creditors look for assets still retained by Enron.

A standard Western Systems Power Pool contract formed the basis of BPA's purchases from Enron, and as such an escape clause similar to those invoked by Snohomish County PUD and Palo Alto was not included. The BPA could make a substantial payment in order to exit the contract.
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