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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 and Vietnam Strengthen Nuclear Ties

LCG, April 2, 2002-In Moscow yesterday Russian officials approved a nuclear energy agreement with Vietnam.

As reported by Russian news service Interfax, the Russian Ministry of Atomic Energy is expected to cooperate with the Vietnamese in various nuclear energy-related endeavors such as applied nuclear energy research, nuclear safety, development of uranium deposits, and handling of nuclear waste.

This agreement follows several other recent Russian ventures in expanding nuclear energy relations, including agreements with Iran and discourse with North Korea.

Simultaneously, Japan has invited both Russia and Vietnam, as well as over 40 other Asian and Eastern European countries, to partake in a nuclear safety training program. Last year's program included 1,042 Russian, Chinese and Eastern European trainees.

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