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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

Ukraine Struggling to Complete Nukes

LCG, May 1, 2002-Ukraine is waiting for international assistance to close the Chernobyl plant and built replacement generation.

On Monday, the Parliamentary Assembly of the Council of Europe asked Western nations to implement the 1995 agreement to provide funding in order that Ukraine decommission the Chernobyl station and build two new reactors.

Chernobyl was shut down permanently in 2000 and the reactor was encased in a sarcophagus, which is reportedly suffering from sizeable gaps. Experts worry about radiation leaks, and Ukraine has been waiting for assistance to complete disassembly.

Two western Ukraine reactors, at Rivne and Khmelnitsky, also lay unfinished, as the European Bank of Reconstruction and Development postpones a dlrs 215 million loan.

Ukraine's government has asserted it requires dlrs 1.5 billion, while Russian specialists have said between dlrs 500 and 600 million. However, no money has been given as yet.

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