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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

Ontario Government Steps Forward with Electric Supply Plan

LCG, June 14, 2006--The Ontario Ministry of Energy announced yesterday that it has directed the Ontario Power Authority (OPA) to proceed with its recommended long-term electric supply plan, along with some revisions. Key elements of the plan include the expansion of nuclear capacity and the deferral of coal-fired plant closures that had been previously planned.

The Ontario Ministry of Energy directed Ontario Power Generation (OPG) to develop both feasibility studies to refurbish existing nuclear units at the Pickering and Darlington sites and an environmental assessment for the construction of new nuclear units at an existing nuclear facility. According to the Ministry, nuclear power is expected to remain as the largest supply serving Ontario's electricity needs in 2025.

The planned closure of coal-fired generation has been deferred by the government in order to maintain electric system reliability. The Ontario government had previously committed to close nearly 7,600 MW of coal-fired, generating capacity by the end of 2007 in order to improve air quality and reduce greenhouse gas emissions. Some plant closures have occurred. The coal-fired Lakeview Generating Station, with a capacity of 1,140 MW, was shutdown in April 2005.

Other government directives include doubling the use of renewable energy by 2025 and increasing conservation efforts, with a goal to reduce electricity demand by 6,300 MW by 2025.
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