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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

Cold Snap Leads to Outage for Floridians

LCG, Jan. 10, 2002--Customers of Florida Power, the Kissimmee Utility Authority and the Orlando Utilities Commission in central Florida reacted to record cold by turning on their heat this morning, only to find that the transmission lines providing power had been put out of commission by the power surge.

In total, approximately 20,000 customers were without power due to outages at key points in the transmission system. Power plant capacity would have been sufficient to handle the demand, had the lines not gone out between 7 and 8 AM. Power was restored to residents after 9 AM.

Craig Eicher, Florida Power spokesman compared the situation to what might happen in an individual's home. "It's like you turned everything in your home on all at one time," he said, referring to residents' reaction to record low temperatures, which reached 25 degrees in Orlando Wednesday. Sporadic outages have been attributed to equipment problems in the Florida Power terrritory.

Record demand for power accompanied the plunge in temperatures in the Kissimmee Utility Authority service territory, surpassing demand during a record-inducing heat wave last August.

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