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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

Minnesota Coal Project Receives DOE Grant

LCG, October 28, 2004--The Department of Energy announced that the proposed Mesaba Energy Project, an advanced coal plant estimated to cost $1.18 billion, will receive a $38 million grant. The grant is part of President Bush's 2002 Clean Coal Power Initiative (CCPI) to invest $2 billion over 10 years to advance technologies to help meet the United State's growing electricity demand.

The project will be a 531-MW, integrated gasification combined cycle (IGCC) plant and will be located near Hoyt Lakes, Minnesota. The generation process includes coal gasification, with the gas from the coal passed through a gas turbine to generate electricity. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time. The plant design is intended to reduce costs and improve efficiency and availability with reduced emissions. Excelsior Energy Inc. and ConocoPhillips will construct and operate the plant.

Earlier this month, the DOE announced similar grants in support of other advanced coal technology projects. Orlando Utilities Commission (OUC) and Southern Power, the unregulated subsidiary of Southern Company, will receive a $235 million CCPI grant for the development of a 285-MW, advanced coal plant to be built at OUC's existing Stanton Energy Center near Orlando, Florida. Peabody Energy will also receive a $19.7 million CCPI grant to demonstrate a technology to achieve ultra-low emissions at the proposed 300-MW, Mustang Energy Project located near Peabody's Lee Ranch Coal Company operations in New Mexico.

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