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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

Summer Reserves for California Adequate

LCG, June 10, 2002--The California Independent System Operator reports that it has had less power than needed to achieve a 15 percent reserve margin, but so far, the margin of 7 percent has been adequate to stave off rolling blackouts.

In order to be at 7 percent or above, the ISO had to ask some generators to put off scheduled maintenance last week until after periods of elevated air-conditioning demand passed.

Some conservation that started with the onset of the 2000 power crisis seems more or less permanent, but some financial incentives have also been provided. A vote by the Legislature renewed the 20/20 program, which gives a 20% refund to households that keep usage 20% below their consumption of power in the 2000 summer season. Conservation may help, but according to the ISO, 1,500 new megawatts of generation will be needed annually to keep pace with new demand.
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