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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

Oregon PUC Cuts Electricity Rates by $312 Million

LCG, October 31, 2002-Yesterday the Oregon Public Utilities Commission mandated that Portland General Electric lower its retail electricity rates by 12 percent.

While PGE had asked for a 10 percent rate decrease, the OPUC ruled that the utility had entered into some less than optimum contracts and should not be allowed to recover $25.2 million.

A combined total of 125 megwatts of peak capacity was bought at an average price of $85 per megawatt-hour, amounting to $14.65 million. Hydroelectric generation costs, as well as unplanned plant outages and plant depreciation, were also added into the retail rate determination.

PGE officials say the rate decrease will have a significant financial effect and contend that all contracts it made were prudent and necessary in order to maintain available supply.

PGE, a unit of Enron Corp., serves 730,000 customers in the Portland area.

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