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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

Power Plant Seen in Indian State

LCG, Jan. 27, 2004--Six months after legal reforms governing the power sector were instituted in India, the country's Reliance Industries has announced it is considering construction of a 3,500-megawatt power plant.

One of the main features of the act that appears to have prompted the plans for the state of Uttar Pradesh is the status it gives to state electricity boards, which have shown difficulty in returning dues owed to private investors, including Enron in the early 1990s. The managing director of Reliance Industries, Anil Ambani, said, "We would not have made this investment if we were not confident that Uttar Pradesh is committed in a durable fashion to a genuine reform of its power sector."

Uttar Pradesh, in northern India, has over 40,000 villages that do not have electricity. Theft and poor efficiency are serious problems in areas that do have power supplies.
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