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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

Midwest ISO and Southwest Power Pool to Remain Separate

LCG, Mar. 21, 2003--Discussion held since summer of 2001 to merge the Midwest Independent Transmission System Operator, Inc. (Midwest ISO) and Southwest Power Pool, Inc. into one organization have ended with the parties agreeing for now to function as distinct entities.

The decision was made known to the the Federal Energy Regulatory Commission. "While the process has been long and involved, both organizations have benefited through working as a single organization for nearly one year," SPP's president, John Marschewski, said. The CEO and president of the Midwest ISO, Jim Torgerson, agreed that the discussions between the SPP and Midwest ISO have helped them to address issues regarding their common border better than might have otherwise been possible.

Torgerson commented, "The conditions required to close the transaction will not be met in the foreseeable future. As such, it is now best that we focus the attention of our separate organizations on the immediate needs of our respective participants."

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