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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

Xcel Energy to Purchase Power from New Wind Farms

LCG, October 26, 2004--Excel Energy announced that it will purchase power from two, new wind farms that are scheduled to commence operations late next year. Cielo Wind Power will develop a 160-MW wind farm located west of Amarillo, Texas on land previously acquired or leased. The second wind farm, with a planned capacity of 120-MW, will be developed near the town of Elida in eastern New Mexico by Padoma Wind Power, LLC.

The projects follow the recent approval of the federal production tax credit (PTC) by the House and Senate. The Padoma Wind Power project will also be eligible for state tax credits.

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