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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

California Energy Commission Approves New Project

LCG, June 18, 2004--The California Energy Commission approved on Wednesday the 1,120 MW, natural gas-fired Tesla Power Plant Project, one of the largest new power plants to be built in California in years. The plant is planned to be built in Northern California near Tracy by Midway Power, a subsidiary of the FPL Group/FPL Energy. This project will be a significant increase of FPL Energy's investment in California, as FPL Energy has financial interests in roughly 1,800 MW of capacity (largely wind) in California. The company is looking for a buyer of the power, and a groundbreaking date is not yet set.

The project was approved on a 4-0 vote. Since California deregulated its electricity system in 1996, the California Energy Commission has approved 49 power plants totaling 20,140 MW. Only 24 of those plants, with a capacity of 8,311 MW, are now operating. "In 2006 and beyond, we're going to need more new generation to keep an adequate surplus to avoid rolling blackouts, so this will help toward that goal," said California Energy Commission spokesman Chris Davis.

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