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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

US GAO Affirms CA Crisis Related to Shortage

LCG, June 25, 2002-The United States General Accounting Office released a report yesterday which finds that the California energy crisis was due to a lack of capacity in the state.

Politicians have disagreed over the origin of the California crisis, and recently exposed market manipulation pratices have set politicians' fingers pointing at energy companies.

The GAO report asserts that market manipulation alone did not result in the crisis and that the state had a higher demand than supply.

The report also pointed out that new generation was built in other deregulated sates, such as Pennsylvania and Texas, at a much higher rate relative to forecasted need than that in California. Through 2001 California built a quarter of its forecasted capacity needs, while Texas built more than twice is forecasted capacity need.

The GAO included several reasons for a lack of generation investment in California, including more unpredictable regulatory review and a longer permit process, 4 months longer than Pennsylvania and 10 months longer than Texas. Also, the GAO reports that Clean Air Act standards complicate permitting in California, and the unstable California market may scare off energy development.

Republican Representative Doug Ose has lauded the report and finds it supports his efforts to eliminate governor Gray Davis' control of the California Independent System Operator. Ose also asserts that changes must be made or shortages will plague the state again soon, although many energy officials have already asserted that the state has sufficient supply, and new energy projects are under development.

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