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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

Texas Companies Admit Overscheduling

LCG, March 27, 2002-The names of five of the six Texas companies allegedly involved in overscheduling last year were made public on Monday.

Republican legislator Steve Wolens called on the Texas Public Utilities Commission to release the names of companies being investigated.

The sixth company cites market rules and refuses to publicly announce itself, although according to the Dallas Morning News, speculation has been focused on Enron as a likely candidate.

The other five companies are American Electric Power Company, Reliant Energy Inc., Mirant Corporation, Constellation Power Source, and TXU Corporation.

These five companies insist that overscheduling was accidental. Reliant says that the financial implications of their actions are insignificant. Mirant and Constellation have not commented on the size of their mistakes, and TXU announced Friday that it overscheduled by 5 percent and had refunded the $4 million it made from that 5 percent.

The Texas Public Utilities Commission says that the overscheduling has not had any serious effects on consumers. However, since providers are charged for congestion by market share, penalties could be unfairly allotted.

DD> Investigations of last year's market inconsistencies are ongoing.

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