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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

MidAmerican Completes Wind Projects in Iowa

LCG, December 15, 2005--MidAmerican Energy announced that it has completed the installation of all 257 wind turbines at two wind farm projects in Iowa. The combined electric generating capacity of the two projects is 360.5 MW.

The new wind farms are located in northwest Iowa in Sac and Buena Vista counties and in north central Iowa in Wright and Hamilton counties. The final wind turbine was commissioned on Tuesday at the Intrepid site in northwest Iowa, and the final turbine at the Century site in north central Iowa was commissioned on November 30.

The initial plan was to install 310.5 MW of capacity, and this phase was completed in September. An additional 50 MW of capacity was approved by the Iowa Utilities Board in January 2005 and is now installed and operational.

MidAmerican announced its final plans to proceed with the projects in September of last year, following the approval of the Production Tax Credit by the House and Senate. The Production Tax Credit, which provides for 1.5 cents for each kilowatt-hour of electricity produced, had expired at the end of 2003. When the credit expired, the financial viability of wind projects was significantly reduced, and many projects were put on hold.

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