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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

Springfield Citizens Vote Down New Power Plant

LCG, August 4, 2004--In an unusual set-back for a municipal power provider, voters in Springfield, Missouri yesterday voted down a new, coal-fired power plant proposed by City Utilities of Springfield (CU). The 300-MW plant was estimated to cost $578.5 million and was proposed to meet Springfield's growing demands for power, which CU officials forecast will exceed CU's supplies by 2007 or 2008.

The vote was 19,587 for and 21,073 against the plant, with all Greene County precincts reporting. Voters were deciding whether to accept a 16 percent electric rate increase spread over four years to help pay for the new, Southwest 2 plant. Door-to-door campaigning was heavy, with labor union members and the Springfield Area Chamber of Commerce supporting the plant. Opponents of the proposed plant included Rate Payers for Affordable Utilities, who questioned the need. CU was not allowed to campaign directly.

With the proposed plant rejected, CU will need to develop a new plan acceptable to its citizens to serve the growing power demands of the area.

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