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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

New President of California PUC Appointed

LCG, Dec. 31, 2002--Commissioner Michael Peevey was appointed by California Gov. Gray Davis as his choice to replace the current President of the California Public Utilities Commission, Loretta Lynch, according to spokesman Steve Maviglio.

In addition, Davis' Cabinet Secretary, Susan Kennedy, was named to the board, and would take the place of Henry Duque, who is scheduled to vacate his seat. With Duque's departure, Davis will have appointed all five members of the Commission board.

Peevey is formerly a president of Edison International and executive at Southern California Edison. He was also chief executive at TruePricing Inc., which used technology to track energy usage for large business customers and government institutions, from 1995 to 2000.

Legislators will need to vote on Davis' appointments, after the state's Senate members return to Sacramento on Jan. 6. It is not known yet when the appointments will be voted upon.
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