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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

China Will Use Gas from Australia and Indonesia

LCG, August 12, 2002-China will obtain $1 billion in liquefied natural gas (LNG) annually from Australian and Indonesian sources, as announced last week Thursday.

China chose British Petroleum, which controls the Tagguh gas field along with Indonesian partner Pertamina, to supply an as-yet-unconstructed LNG terminal in Fujian, a southern Chinese province. No specific financial amounts have been reported, but it is estimated that the contract is for $500 million annually.

The Australian consortium ALNG has also reportedly signed a 25-year contract with China. The gas, 3 million tons a year, will be used to power the southern province of Guangdong via an already-constructed LNG terminal. In 2008 the annual supply will increase to 5 million tons.

ALNG includes Woodside Petroleum, BHP Billiton Petroleum, BP Developments Australia, Chevron Texaco Australia, Shell Development Australia, and Japan Australia LNG. According to Australia's Prime Minister John Howard, the agreement is the largest individual export contract Australia has made.

The contracts are an indication of China's deliberate shift from coal to other energy sources, a noteworthy decision for a country which has a history of strong if perhaps dogmatic self-sufficiency.

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