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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

FERC Reiterates Rule on Transmission Interconnection

LCG, Mar. 3, 2004--A rule designed by the Federal Energy Regulatory Commission and first outlined in July 2003 was given further publicity today, based on the agency's interest in promoting and clarifying its position on non-discriminatory transmission access.

The specific area of the rule detailed by FERC concerns upgrades to transmission, and how much the provider may charge its interconnected customer. The provider has an option of charging a transmission rate that is the incremental cost for any upgrades associated with the interconnection, but it may also charge the average embedded cost rate across the transmission system. The agency is of the opinion that allowing the provider to charge the higher of those amounts would mean that existing transmission customers would not in effect be required to pay for new interconnections by merchant generators.

The rule affects close to 176 investor-owned public utilities owning, operating or controlling interstate transmission.
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