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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

EU Members Meet 2000 Targeted Emissions

LCG, April 29, 2002-Although emissions increased in 1999 and 2000, the European Union has kept carbon dioxide levels under those of 1990.

According to the European Environment Agency, carbon dioxide emission is half a percent lower than that of 1990, which means the fifteen-member Union has kept its 2000 goal of stabilizing CO2 emissions levels.

However, emissions have recently increased from levels before 1999, and levels have not been significantly reduced; therefore the EU has more than halfway to go before reaching its Kyoto Protocol target. The 15 European Union members contribute a combined total of 24 percent of the world's total greenhouse gas emissions.

The U.K.'s stepped-up coal and fossil-fuel use, as well as Spain's increased emission, are two important factors preventing the EU from meeting its target. From 1999 to 2000, Spain's emission of greenhouse gases increased by 33.7 percent.

Despite slight and mildly worrisome setbacks, EU environment officials insist that the European Union will make its target to cut total emissions of six greenhouse gases by 8 percent from the 1990 level by sometime between 2008 and 2012. Germany, the largest emitter in the Union, has alone cut greenhouse gas emission by 19.1 percent between 1990 and 2000.

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