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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

Highest Demand of the Year (So Far) Expected in California Today

LCG, July 9, 2002--The California Independent System Operator is predicting that demand across California will peak around 4:00 PM today, the highest level of demand experienced yet during 2002, while approximately 2,200 megawatts of generating capacity went off-line over a 24-hour period.

The ISO-predicted peak load of 40,402 megawatts applies to the ISO's control area, which no longer includes the Sacramento Municipal Utility District. Availability of power imports are not expected to be plentiful, based on high temperatures throughout the Western states.

Power consumers are asked to conserve through Thursday. Although director of the ISO's grid operations, Jim McIntosh stated "California is almost entirely dependent on power plants internal to the control area today," it appears that a Stage 1 electrical emergency can be avoided. A Stage 1 emergency occurs when the power reserve margin falls below 7 percent.
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