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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

Massive Chinese Gas Field Located

LCG, May 23, 2002--Chinese scientists have identified a natural gas field in the Inner Mongolia Autonomous Region with proven reserves more substantial than those found in any other such field in China.

The North China-based field can be forecast to produce 6.5 billion cubic meters annually, according to the Science and Technology minister Shi Dinghuan. The overall size of the field is around 602.5 billion cubic meters.

Minister Shi said, "the field wiill greatly back up the country's project of west-to-east gas transportation and help ease the energy shortage in eastern areas." Currently, 10 percent of Beijing's energy needs are accounted for by natural gas. A researcher with the Chinese Institute of Oil Exploration, Qian Kai, estimates that boosting gas use to the point at which it supplies 30 percent of Beijing's needs would bring about a significant change in air quality.

The Changqing Oil and Gas Field Company, which took part in the exploration phase, will transport gas to Shanghai and the Yangtze River Delta areas.
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