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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

Transformer Fire at Manhattan Plant Causes Outage

LCG, July 22, 2002-On Saturday a transformer at a Manhattan power plant caught fire and created power outages for several hours.

Firefighters and police announced a "Level 3" alert in response to the incident, but plant officials determined that the fire was not caused by an explosion and that there was no sign of possible terrorist activity.

Power was restored to the 63,500 affected customers by 8:15 pm, less than 8 hours after the fire was first detected.

Some subway services and businesses were shut down in Greenwich Village and Lower Manhattan, and some 500 firefighters and hundreds of police showed up at the plant fire.

The plant, owned by Consolidated Edison, sustained no serious damage in the fire.

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