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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

Japanese Ministry Supports Retail Deregulation of Power

LCG, Apr. 4, 2002--Japan's Ministry of Economy, Trade and Industry today heard from an advisory panel that "full liberalization" of electric power markets was a goal that should be gradually implemented and embraced by regional utilities, beginning with granting all retail customers the ability to choose a supplier.

The ministry, or METI, also made clear that unbundling of generation and transmission was not desirable for reasons of reliability, a stance that received approval from power industry representatives. Deregulation in North American and the European Union has been strongly linked to unbundling of services once provided almost entirely by vertically integrated utilities. Nonetheless, the president of Tokyo Electric Power Co., Nobuya Minami, said of the Federation of Electric Power Companies that its members "would like to discuss positively toward (the realization of) full liberalization."

The creation of a marketplace for wholesale power trading open to both traditional utilities and independent power producers, and intended to broaden diversity of power sources and increase efficiency, is an area that will be discussed by the panel during regular meetings. There was reported to be no consensus as to whether there should be an obligatory power pooling system or two-way trading.

While industrial and commercial users representing about 30% of power demand have been allowed to shop for a new supplier since March 2000, only 0.46% of such retail sales that could potentially be taking place through a new supplier are being realized. New competitors providing power pay significant fees to utilities for transmission and power reserves.
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