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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

LNG Terminal Proposal for Northern California Cancelled

LCG, Mar. 19, 2004--A proposed liquid natural gas terminal that Calpine Corp. hoped to build in Humboldt County, California's Humboldt Bay will not be pursued, following a meeting of the Eureka City Council, at which the majority of speakers voiced opposition.

Had the project gone ahead, it was to have started operations by 2011. The San Francisco Chronicle quoted Bill Highlander, a spokesman for Calpine, as saying, "We have withdrawn our plans. It became clear a majority of the community did not support the project, and community support for a project is very important to us."

Currently, there are four such terminals operating in the U.S. One of the reasons given for community opposition to Calpine's proposal, in addition to concerns over environmental damage to the bay, was the potential for an explosion at the facility. It is not known whether Calpine officials will pursue a similar project elsewhere in Northern California. In statements given before Congress, Federal Reserve Chairman Alan Greenspan has cited liquid natural gas imports as one way to raise the supply of natural gas, and respond to the increased use of the fuel for electricity generation and heating.
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