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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

Southwest Power Pool Granted Conditional RTO Status

LCG, Feb. 10, 2004--The Southwest Power Pool's application to be considered a regional transmisson organization was given conditional approval by the Federal Energy Regulatory Commission (FERC) today.

The power pool is spread through eight states in the Southern Great Plains, and first applied for recognition as an RTO two years ago. At that time, FERC's vision for large, regional markets was such that the SPP was considered too small to provide competition and a fair market environment.

The chairman of the FERC, Pat Wood III, said in a statement, "I am pleased that, at last, we have the opportunity to recognize the important role that the Southwest Power Pool plays in providing needed leadership for the power markets in the nation's heart." The approval was granted with corresponding requirements that an independent board, an independent market monitor, and clear daily control of transmission be set up.
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