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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

Neptune Undersea Cable from PJM to Long Island Activated

LCG, July 3, 2007--The Neptune Regional Transmission System, LLC announced yesterday that it has completed extensive testing and activated a new, high voltage direct current (HVDC) transmission line between Sayreville, New Jersey, and Long Island, New York. The cable provides the Long Island Power Authority (LIPA) access to receive additional electricity from PJM to manage power costs and improve reliability.

The completion of the Neptune project allows 660 MW at a DC voltage of 500 kV to flow via an HVDC cable, with 51 miles of the cable underwater and 14 miles under land. Electricity from the PJM grid is converted from AC to DC power at the Sayerville converter station. The energy is transmitted to the Duffy Avenue converter station on Long Island, where the power is converted back to AC power for distribution across Long Island.

The estimated cost of the Neptune project is $600 million. Neptune Regional Transmission System LLC, the owner and operator of the transmission system, will place the system at the control of LIPA.



















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