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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

German Natural Gas Market Talks Fall Apart

LCG, April 10, 2003Today German gas consumers and pipeline companies could not come to agreement over Germanys gas supply network and broke off talks, according to consumer group VIK.

Germany does not have a state regulator for electricity and gas and relies on industry players to agree upon rules regarding competitive use of gas pipelines and electricity transmission.

Consumer associations German Industry Association and the Association of Industrial Energy Users met with the gas industry associations to make a new agreement regarding gas distribution, which would be applied by October of this year. The current legal sector agreement expires at the end of this September.

Those who transport natural gas have asked that pipeline usage fees reflect the distance gas travels in the pipeline and be applied per sale. Gas purchasers would like a single transport fee for all of Germany.

Some companies interested in buying natural gas say that negotiating transport over the countrys hundreds of pipelines takes so much money and time that the current system prevents anyone new from entering the market.

Meanwhile, Germany has decided to bring in some level of regulation by the summer of 2004 in keeping with European Union standards, but much has yet to be determined regarding the level of authority and the location of a new regulatory body. According to government officials, the failed talks have provided further evidence of the countrys need for oversight.

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