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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

Russian Gas Unable to Get Customers to Pay

LCG, August 7, 2002-OAO Gazprom says it intends to reassess its development program in response to mounting unpaid gas bills.

The Russian gas giant, which reports itself as the largest gas company in the world, is due $1.4 billion or 45 billion rubles in unpaid gas bills.

Gazprom says it will concentrate on reliability in gas delivery but has requested that the Russian government increase gas rates, which are currently insufficient to cover Gazprom's production costs.

The company's lack of funds have prevented maintenance of pipelines and various winter preparations.

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