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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

Rehearing by FERC Sought Over Transmission Fees

LCG, Aug. 27, 2003--A group of utilities that are members of the Midwest Independent Transmission System Operator Inc. have notified the Federal Energy Regulatory Commission that they woud like the agency to reconsider its planned cancellation of some transmission fees.

The fees, called "through and out" charges, had been seen as discouraging competition, and are currently set to end in November. In addition to separate communications sent by a dozen utilities that own transmission, the Pennsylvannia Public Utility Commission stated that FERC's imposition of a seams elimination cost adjustment, itself an artificial rate mechanism, was unfair.

The through and out fees that had been charged amounted to roughly $250 million per year, and the utilities are of the opinion that doing away with the fees will cause them undue economic harm. According to some, up to $50 million is at stake due to what would be "free service." The Pennsylvania regulators felt that in supporting a shift to the new rate mechanism last month, FERC failed to gain commitments from transmission-owning entities to become part of regional transmission organizations, which are meant to enlarge the marketplace for electricity by standardizing rules and tariffs.
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