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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

Carolinas' Outages Likely to Last a Week

LCG, Dec. 6, 2002--Power outages to over one and a half million customers that were caused by a severe winter storm will likely not be resolved until at least the middle of next week, utility Duke Power has said of its service territory in the Carolinas.

This morning, nearly as many customers were reported without power as had been without it at the peak of the storm's damage to power lines and equipment. "This is a devastating storm. It's been described by one or two of our linemen as Hurricane Fran with ice," the Wall Street Journal quoted Carolina Power & Light spokesman Mike Hughes as saying. Hurrice Fran caused $100 million worth of damage after sweeping the area in 1989.

Duke Power hopes to have power back for 90% of its customers by Wednesday, the 11th. While CP&L and Duke Power crews worked to restore power in their service territories, thousands of additional outages challenged nearby cooperatives. By Friday morning, the number in North Carolina had been reduced from 185,000 to 121,807 reported. 270,000 outages were outstanding early Friday in Charlotte.

Ice on trees was causing trees to fall even on Thursday, well after freezing rain had passed through the Southeast. Damage from ice left by rain is considered to have more impact than what is normal following hurricanes. Some concern about further outages is connected with trees which may spring up into power lines as ice coating them melts.
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