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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

Avista Found Not to Have Manipulated Market

LCG, Feb. 3, 2002--Federal Energy Regulatory Commission staff filed an agreement with the agency Thursday, made with Avista Corp., that is intended to close an investigation into energy trading in which Avista subsidiaries participated in 2000 and 2001.

The filing will be subject to a 30-day period for public comment, supervised by FERC Administrative Law Judge Curtis Wagner, Jr. After the comment period, Wagner may certify the agreement for final approval by FERC commissioners.

The trading at the center of the investigation also included Enron Power Marketing Inc. and Portland General Electric Co. as participants. FERC staff determined that no intentional manipulation of the market was committed by Avista traders working for Avista Utilities or Avista Energy.

FERC made suggestions in the filing as to how Avista can improve its procedures for recording trades in real-time markets, settling trades in dispute, and train its traders, who the agency said should be part a clear chain of command whenever uncertainty exists. It also cited the company's "overall cooperative" engagement and assistance in the investigation.
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