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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

Bulgaria May Refuse to Close Nukes, Despite EU Concerns

LCG, January 9, 2003-Bulgaria, which agreed to close two nuclear reactors by 2006, may leave the generators in operation, as they produce fifty percent of the country's electricity.

Last year Bulgaria agreed to shut down reactors 3 and 4 at Kozloduy, as requested by Brussels in a move to pave the way to European Union membership. Reactors 1 and 2 were shut down in December.

Bulgaria's Supreme Administrative Court ruled, however, that the agreement contradicted a parliamentary vote which said the generators should operate until 2007. The case was brought on appeal by opposition Socialist Party members.

While Bulgarian officials note closing the nuclear plant will bring worthwhile benefits, some citizens worry that the power prices will become much too high.

Brussels believes that the Soviet-era plant constitutes a threat to safety.
An appeal by the government is expected, but if the resultant ruling keeps the nuclear reactors in operation, Bulgaria may have to renegotiate its standing with respect to EU membership with Brussels.

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