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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

Cable from New Jersey to Manhattan Approved

LCG, Apr. 16, 2003--A plan for an underwater cable of about eight miles in length proposed by a unit of Public Service Enterprise Group Inc. as a way to bring power into New York City was approved by the New York State Public Service Commission yesterday.

The proposal was made by PSEG Power Cross Hudson Corp., and if built would "bring power from an efficient, gas-fired combined cycle facility into New York City and will help displace the use of older, less efficient generation sources," the chairman of the Public Service Commission, William M. Flynn, said in a statement. The cable would run from Ridgefield, New Jersey to Manhattan's west side, and be buried in the Hudson River for part of its length. The capacity of the line would be 345 kilovolts alternating current.

New York City's demand for power has been increasing at such a rate that there is concern about sufficient generation to maintain supplies and reliability.
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