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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

Nevada Power Tries to Make Rates More Manageable

LCG, March 25, 2002-Nevada Power produced a new plan to reduce the effect of the $922 million rate increase its customers will be saddled with.

On Friday the Nevada generator presented an adjustment to its previous three year plan to increase rates by 21 percent. The new plan increases rates by 8.8 percent over six years instead.

Basic economics says that this results in higher costs because customers would have to deal with interest over more periods.

State Consumer Advocate Tim Hay says he may appeal the rate case if the Nevada Public Utilities Commission does not reduce rates.

However, according to the Las Vegas Review, Nevada Power chief executive Walt Higgins said that the plan offered hope in the face of rate increases and future power shortages.

The $922 million was spent last year purchasing wholesale power and fuel.

According to Higgins, Nevada Power's plan is made possible by an agreement with Reliant Energy and Williams Cos. High- and low-cost power contracts could then be mixed according to "blend and extend" agreements.

In addition, Nevada Power will buy power from Williams and promptly sell it back to Williams at a profit. At the end of a specified period, Williams would then purchase power from Nevada Power and sell it back at a profit.

Many in the state, such as state Senator Randolph Townsend (R ), still oppose the rate increase, citing state law that only allows for rate increases for practical expenditures.

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