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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

California Public Utilities Commission Extends Self-Generation Incentive

LCG, March 5, 2002-The one-megawatt limit previously assigned to those receiving Self Generation Incentive money from California has been expanded.

Petitioned by Kawasaki regarding its Gas Turbine, the California Public Utilities Commission broadened the size requirements for its Self Generation Incentive program, which doles out $125 million per year to commercial and industrial electricity users.

The Self Generation Incentive Program, effective March of last year, funds customers of PG&E, California Edison, San Diego Gas & Electric, and Southern California Gas Co. in order that they may install wind turbines, fuel cells, internal combustion engines, and other devices, in addition to funding the use of renewable fuel. Previously limited to customers with 1.0-megawatt projects, the program now includes those who use up to 1.5 megawatts.

While maximum size of eligible parties has been increased to 1.5 megawatts, the project incentive will still be scaled according to the first megawatt. Additionally, unused Self Generation Incentive annual funds will now carry over into the following year, and the Corporate Parent Cap Size has expanded to 1.5 megawatts per single project.

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