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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 Energy Chief Gone Missing

LCG, October 22, 2002-China's State Power Corporation chief has been officially missing for several weeks amid allegations of corruption.

Gao Yan, director of the State Power Corporation, may have gone to Australia to escape prosecution, some speculate.

In a second and likely related mystery, Shenzhen Energy Group chairwoman Lao Derong disappeared last week.

Some corruption experts contend that party leaders may be looking for officials to punish in order to take off some of the pressure from public outrage at widespread fraud.

Plans for prosecution of Yan comes as several other high-ranking Chinese officials find themselves under scrutiny. This year China Central Television executive Zhao An, as well as a number of banking and finance executives and China Everbright executive Zhu Xiaohua have been prosecuted and in some cases imprisoned for improper business practices such as taking bribes.

China's power chief was expected to resign this year after the country's deregulation began; China plans to split its State Power Company into a number of separate companies in an effort to create competition. Australian officials have so far been unable to verify whether or not Yan has entered their country.

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