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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

PG&E Utility Cost Recovery Trial to be Held Next Year

LCG, August 19, 2002-California utility Pacific Gas & Electric claims it should be allowed to recover its losses from consumers, and a trial will take place June 9, 2003 to determine whether or not the CPUC kept the utility from operating profitably.

During the electricity crisis of 2000/2001, the utility incurred some $9 billion in undercollections because the California Public Utilities Commission had frozen retail electricity prices to protect consumers. PG&E utility is suing to recover the losses caused by high wholesale rates and low retail rates.

U.S. District Court of San Francisco has found that there is legal basis for the trial and has set a date. The discovery period will take place between November 6 and February 11, and settlements will be allowed before April 18.

The utility is currently in court regarding its emergence from bankruptcy. Friday will see oral arguments heard in Federal court. The utility's bankruptcy plan requires pre-empting state laws, action unacceptable to the state bankruptcy Judge involved; the matter has been taken to Federal court on appeal.

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