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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

Financial Condition of British Energy Could Reflect on Bruce Power

LCG, Sep. 6, 2002--With the privatized British Energy seeking U.K. intervention to prevent insolvency, conditions at one of its subsidiary's nuclear plants in Canada are seen as having the potential to be adversely affected.

The Canadian Nuclear Safety Commission would like assurance that during the next six months, Bruce Power will have the financial resources to operate its eight nuclear reactors in Ontario without trouble. The commission's request is a part of its normal role, in which nuclear operators are required to provide updates at three month intervals.

"As one of the conditions of its operating license, Bruce Power is required to have financial guarantees that if ever they should have to cease operations there would be financing available to them to cover their operations for six months to ensure a safe shutdown," spokesman Michel Cleroux of the CNSC disclosed to Reuters.

If British Energy, as an 82-percent owner of Bruce Power, cannot provide adequate reassurance to the licensing body, Bruce Power would need to seek its own financing arrangements. Bruce Power is also owned by Cameco Corp., a miner of uranium.
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