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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

Connecticut Representatives Want Delay of SMD

LCG, Feb. 26, 2003--The Federal Energy Regulatory Commission has sought to block a petition brought by Connecticut Attorney General Richard Blumenthal that requests a stay of implementation of the agency's Standard Market Design (SMD).

Both U.S. Senators and nearly all House Representatives from Connecticut, which suffers from significant local transmission congestion, have also requested a study of the impacts of having customers in congested areas pay for more of the cost of transmission infrastructure improvements that benefit them. Until such a study has been done, Democratic Sens. Christopher Dodd and Joseph Lieberman would like FERC to wait to begin Standard Market Design. FERC is now due to complete a report on likely effects in April, but has plans to begin SMD in Connecticut this Saturday.

FERC believes that locational marginal pricing will encourage investment in areas where it is most needed, by setting up eight zones through New England, each of which will have its own power price. The lowest prices should occur in zones with the most adequate transmission network. The additional costs the Connecticut Department of Public Utility Control has projected for Connecticut, and which were obtained from FERC documents by the Connecticut Post, range from $125 million to $375 million per year.

The New England Independent System Operator is basing implementation of SMD on FERC orders, and its leadership believes the rules will address outstanding transmission problems. The FERC hopes not to have to delay SMD while it completes a review of the contents of the attorney general's petition, and filed its motion for dismissal with the U.S Court of Appeals for the District of Columbia circuit.
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