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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

FERC Finds Much Room for Demand Response

LCG, July 9, 2003--Despite high natural gas prices and resulting increased power prices, staff of the Federal Energy Regulatory Commission have found little evidence of coordinated reduction in demand aimed at heading off price spikes.

Those regions of the country that have experienced the most severe power price increases include Florida, Texas and the West Coast, according to FERC's Office of Market Oversight and Investigations. It stated that FERC has tried to bring rules into effect that would increase the potential benefits of demand response. The areas of the country where demand response has received the most attention are New York, Connecticut, California and Florida.

The Office of Market Oversight and Invesigations' Summer Energy Market Assessment included remarks in the outline that "Demand response, an effective tool for dampening price spikes, is missing from electricity markets."
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