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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

Australia Will Not Ratify Kyoto Because of Coal

LCG, June 5, 2002--Australia, as the world's largest producer of coal, will not ratify the Kyoto protocol because it says it needs to protect its coal industry.

Japan ratified the Kyoto Protocol on Tuesday, and although Australia signed the treaty in February, the country refused to ratify it today.

About 50 countries support the 1997 treaty, which is an attempt to limit emissions which increasingly compelling evidence suggests are responsible for global climate change. Industrialized nations would have to limit emissions by an average of five percent by 2012 from those of 1990.

Australia was given the right to increase its emissions by 8 percent under Kyoto but still faces a lot of pressure from the mining and other coal-related industries and worries that it will hurt employment and its economy by signing the treaty.

Australian Prime Minister John Howard also asserted that Kyoto would not work so long as developing nations and the United States, the world's biggest polluter, were not included in the treaty.

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