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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

Ballot Initiative Scheduled on Takeover of Nevada Power

LCG, July 3, 2002--Commissioners for Nevada's Clark County voted yesterday to include a nonbinding ballot initiative in November elections that could lead to Nevada Power being subject to a municipal takeover.

The question to appear reads, "Should the Nevada Legislature take appropriate action to enable the electrical energy provider for Southern Nevada to be a locally controlled, not-fo-profit public utility?" A takeover would not be possible without a change in the law being enacted by the Nevada Legislature.

A Nevada Power spokeswoman, Andrea Smith, said the company would probably fight the ballot initiative, while the Las Vegas Chamber of Commerce said it opposed the ballot iniative on philosphical grounds.

Commissioners expressed disagreement over the timing of a ballot initiative. Bruce Woodbury, who cast the single dissenting vote, noted that prior to the vote, a ballot initiative had always been preceded by a study of the issue at hand. One reason for the lack of support for a study among Commissioners voting in support of the initiative may have been the possibility that the Legislature could renew a law that requires Nevada Power give approval to a municipal takeover.

Commissioner Myrna Williams said a study would take two to four years, and indicated that she thought rates could decline if a takeover took place. Commissioner Woodbury said that several issues were open to question, including effects on property tax revenues, the means by which a takeover would occur, and whether rates would in fact go down.
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