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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

CADWR Sues Allegheny Energy Over Alleged Breach of Contract

LCG, Jan. 30, 2003-The California Department of Water Resources (CADWR) filed suit yesterday against an energy company regarding the transfer of a contract to an affiliate.

Allegheny Energy, Inc.'s unit, Allegheny Energy Supply, had a ten-year electricity contract with the DWR, and in December, the contract was given to the new unit, Allegheny Trading Finance Company.

The Federal Energy Regulatory Commission provided the official okay for the transfer, but the CADWR now asserts that the $4.4 billion electricity contract does not allow for the transfer.

The CADWR further asserts that the contract has therefore been terminated by the alleged breach. The contract was initially signed in March 2001.
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