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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

Bankruptcy Judge Allows PG&E Lawsuits

LCG, June 19, 2002--Lawsuits under dispute because of PG&E utility's bankruptcy will be allowed to proceed in state court.

California's Attorney General Bill Lockyer, who has been filing energy company lawsuits repeatedly this year, and the city of San Francisco, want to sue PG&E utility's parent corporation, PG&E Corp.

San Francisco and Lockyer both question some $4 billion worth of dividends and stock repurchases which were transferred to the parent corporation between 1997 and April 2001.

The Pacific Gas & Electric utility, which filed for bankruptcy last year, is awaiting a decision by Judge Dennis Montali in order to proceed with reemerging from bankruptcy. The Judge has ruled that creditors to Pacific Gas & Electric will vote on two plans, created by the utility and the California Public Utilities Commission respectively, before making a decision.

Judge Montali has ruled, however, that the two fraud lawsuits brought against PG&E Corp. for alleged illegal business practices should be heard in state court.

While San Francisco wants the allegedly misplaced money to go to ratepayers, Lockyer thinks it should go to the bankrupt utility in order that it pay off its debts.

PG&E Corp. insists that all transactions it participated in were legal and verified by an independent auditor.

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