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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

Casino Joins Others Allowed to Exit Utility

LCG, June 2, 2003--The Nevada Public Utilities Commission allowed the Palms casino last Thursday to purchase power from a supplier other than the Nevada Power Co. utility, based in part on a determination that other customers would receive a net benefit from the exit.

The Palms is one of twelve large customers, all but two of which are casinos, that have received permission to leave the utility. Half of them later determined that they would remain customers of Nevada Power Co., while Imperial Palace and the Riviera are being allowed until June 9 to decide to opt out, or must give up the option of exiting. They wished to have a final determination in the case rather than more hearings at the request of Nevada Power, so that any negotiations they engaged in with a possible supplier would not have uncertainty hanging over them.

The Attorney General's Bureau of Consumer Protection was not allowed reconsideration in the matter of Imperial Palace and the Riviera, but had contended that Nevada Power's overall loss of generation sales might impact it more than would a lesser need for expensive power purchases, causing its customers costs to rise. This possibility would arise only if power prices were to drop, the Nevada Energy Buyers Network countered. The PUC will later carry out a calculation to determine what if any exit fee should be charged to Palms, after the casino chooses a date on which to leave the utility.
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