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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

Hydro-Québec Plans to Add 2,000 MW of Wind Power

LCG, June 30, 2005--Hydro-Qubec announced yesterday that the Qubec government has requested the utility to pursue the purchase of an additional 2,000 MW of wind power to supplement its energy supplies. Hydro-Qubec plans to be a global leader in delivering wind power and estimates that its contracts for wind power will total 3,500 MW by the end of 2013.

Historically Quebec has relied almost entirely upon hydro electricity to supply its demand for electricity, with surplus power to export. However, with growing demands, Quebec is currently a net importer of electricity. To bolster local supplies, last July the Quebec government approved the province's first major gas-fired generating facility, the Becancour cogeneration plant, which is scheduled to commence operations in 2007 at an estimated cost of $500 million. The plant, located between Montreal and Quebec City, is deemed necessary to meet Quebec's forecast electricity demands.

Following the approval of the Becancour plant, opposition from environmentalists and locals led to the cancellation last November of another gas-fired power project in Beauharnoi. The 836 MW project, with an estimated cost of $550 million, was targeted to commence operations in 2008 to meet the regions growing demand for electricity. As an alternative to gas-fired generation, Hydro-Qubec has now turned to wind power and improved energy efficiency.

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