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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

Group of Companies to Explore Nuclear Licensing

LCG, Mar. 31, 2004--A group of power generation companies plans to split the costs associated with the regulatory process for a nuclear power facility, an effort which could lead to the construction of a nuclear plant beginning by the end of the decade.

The Nuclear Regulatory Commission's licensing process has been changed to allow the agency to issue not only a construction permit but an operating license, based on a generic reactor design. The members of the consortium includes Exelon Corp., Entergy Nuclear, Constellation Energy Group Inc., Southern Co., EDF International North America Inc. (a unit of Electricite de France), as well as reactor builders General Electric Co. and Westinghouse Electric Co. The reactor vendors have already submitted designs for consideration by the NRC. Members of the group have said that they are ready to spend $7 million annually in the hopes that they can obtain a permit by 2010, although they have stressed that the effort will not definitely result in a decision to build a plant.

The agreement among the companies will allow any of those involved to proceed towards construction of a plant, whether independently or as part of a group.
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