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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

Russia will Finish Iranian Reactor

LCG, March 27, 2002-Russian Nuclear officals announce that Russia will complete an Iranian nuclear plant.

The U.S. government has repeatedly advised Russia to discontinue the project because it fears that nuclear power will give the Iranians an opportunity to develop nuclear weapons. However, the Russians have decided to go through with their 1995 contract and plan to complete the plant by 2005.

Russian Nuclear Energy Minister Alexander Rumyantsev insists there is no danger of nuclear weapons development because the plant will be inspected by the International Atomic Energy Agency and the technology involved could only be used in energy production.

He added that new laws passed last year permitted spent fuel to return to Russia. Nuclear fuel would also be provided to the Bushehr plant by Russia.

Russia recently reestablished nuclear fuel sales to the U.S. and has talked with North Korea regarding nuclear plant development.

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