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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

Former Edison President Appointed to PUC

LCG, March 6, 2002A former president of Southern California Edison has been appointed to the California Public Utilities Commission.

California Governor Gray Davis named Michael R. Peevey to the PUC. Peevey will take the place of Richard Bilas, who is resigning, citing frustration with policy and his wifes health.

Daviss decision has been received negatively by consumer groups because the commission is responsible for regulated Edison, among other utilities, and Peevey, in addition to being the ex-president of Southern California Edison from 1990 to 1993, has a history of pushing for steeper small business and residential rates, according to The Utility Reform Network. However, the California Chamber of Commerce and industrial energy user lobbyists have supported his appointment.

Steve Maviglio, Davis spokesman, said that Peevey will be required to divest holdings and remove himself from other positions with a potential for a conflict of interest.

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