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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

EU to Increase Funding for Fuel Cell Research

LCG, October 10, 2002European Union members announced today their intentions to increase funding to hydrogen fuel cell research, and formed a new partnership of 17 European auto and energy companies for the purpose of investigating this technology.

Hydrogen fuel cells operate by combining hydrogen gas and oxygen to form water. This reaction creates a significant amount of heat energy which can be converted to electricity. Hydrogen atoms must be separated from hydrocarbons in order to be used in the reaction. This process requires energy. Therefore, the advantage of fuel cells is that they can provide electricity for a machine, such as an automobile, without providing harmful emissions, but electricity must be produced to create the fuel first.

The EU Commission neglected to put numbers to the new funding, but the 17 companies, including Royal Dutch/Shell, DaimlerChrysler, and Renault, expect to bring research spending up to the United States level. The U.S. spends three times as much on fuel cell research than all EU countries combined, while Japan spends four times as much as the EU.

An EU panel will be appointed in the near future to report on fuel cell prospects by next year.

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