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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

Colorado Pursues Wind Power

LCG, August 24, 2004--Last week Xcel Energy received approval from the Colorado Public Utilities Commission to add at least 500 MW of wind capacity to its energy portfolio by 2006. The Xcel wind plan is contingent upon Congress extending the production tax credit this year.

It was also announced last week by the Colorado Secretary of State that the Colorado Renewable Energy Initiative had gathered enough signatures to place the initiative on the ballot. The initiative, opposed by Xcel, would require electricity providers serving more than 40,000 customers to use 10 percent or more of power from renewable sources by 2015.

In spite of delays in the extension of the production tax credit, wind power and renewables are gaining momentum as sixteen states and a number of municipalities set long-term renewables goals that require a significant portion of energy be supplied by renewables. For example, California's Renewable Portfolio Standard (RPS) requires 20 percent of the energy the Investor-Owned Utilities deliver to their customers to come from renewable resources by the year 2017. To pursue these goals, both San Diego Electric & Gas and Los Angeles Department of Water and Power issued Requests for Proposals (RFPs) for renewables last month.

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