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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

Consumer Groups Question Natural Gas Negotiated Rates

LCG, October 1, 2002-Three organizations, as well as industry members, are asking for the repeal of FERC's "negotiated rate policy," asserting that the rule is unnecessary and unfairly beneficial to pipeline operators.

U.S. pipeline companies have been allowed to charge rates higher than that allowed by tariff according to the Federal Energy Regulatory Commission's "negotiated rate policy," which permits gas pipelines to sell turned-back capacity to other shippers at higher rates.

Consumer advocate groups from Maryland, West Virginia, and Pennsylvania came together to jointly request that FERC end the policy. The American Public Gas Association, as well as many of those who purchase gas, have also expressed opposition to the continuation of negotiated rates.

Many in industry believe that the policy allows pipeline companies to wield too much control over the gas market and that the pipeline business does not have sufficient transparency.

The issue awaits FERC's attention under docket PL02-6.

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