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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

ISO New England Submits Generator Incentive Proposal

LCG, Mar. 2, 2004--The Independent System Operator New England (ISO NE) has developed a proposal for review by the Federal Energy Regulatory Commission (FERC) concerning payments to generators to provide them incentives to operate in areas around Boston and Connecticut that are vulnerable to congestion.

The grid operator would like its proposal to be implemented June 1, although FERC may request changes to the plan. The general idea of the incentive system has received the agency's support previously. The chief executive of the ISO, Gordon van Welie, has said that the plan relies in part on market-based payments to generators, instead of negotiated payments entirely. Some plants are operating but losing money, under "reliability must run" orders issued by the ISO.

The attorney general of Massachusetts, Thomas F. Reilly, has expressed skepticism that the amount of incentives are justified. Utility NStar Electric's spokesman Michael Durand was quoted in the Boston Globe as saying the plan, which NStar estimates could lead to a 7 per cent increase rate hike for its customers, "would cost our customers too much money."

According to van Welie, the plan tries to address the problems of siting and past investment decisions that have left some regions with more power than they require, while others are vulnerable to problems of insufficient transmission and higher prices.
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