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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

California PUC Adopts GHG Emission Performance Standards

LCG, January 26, 2007--The California Public Utilities Commission (PUC) yesterday voted unanimously to adopt an interim Greenhouse Gas (GHG) Emissions Performance Standard in order to reduce emissions believed to cause global warming. The new standard is designed to block California utilities from importing power from coal-fired power plants located out-of-state.

The Emissions Performance Standard was set in motion by the passage last fall of Senate Bill (SB) 1368, which prohibits load-serving entities (investor-owned utilities, energy service providers, and community choice aggregators) from executing new, long-term agreements for baseload generation unless they complies with a GHG emissions performance standard (EPS).

Specifically, the emission level of the baseload generation facility must be no greater than that of a combined cycle gas turbine plant, and that level is established at 1,100 pounds of CO2 per MWH. The long-term agreement refers to (a) new construction, (b) new (or renewal) contracts with a term greater than or equal to five years, or (c) major investments by the utility in its existing baseload power plants.

The PUC's new, interim standard is applicable to Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric. It is expected that the California Energy Commission will define an EPS for municipal utilities in California.

Last September, California Governor Arnold Schwarzenegger approved Assembly Bill 32, or the "Global Warming Solutions Act of 2006," which includes a statewide cap on GHG emissions from electric utilities, refineries, and other selected industries. The goal is to reduce GHG emissions 25% by 2020 in order to alleviate concerns of global warming that may be caused by such emissions. The legislation is scheduled to be implemented in 2012. The PUC's standard adopted yesterday will serve as an interim measure prior to the development and implementation of the rules envisioned in the Global Warming Solutions Act of 2006.
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