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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

Con Edison and LIPA Proceed with Plans for 700-MW Offshore Wind Farm

LCG, April 1, 2009--Consolidated Edison (Con Edison) and state-owned, Long Island Power Authority (LIPA) and recently announced plans for further study of a wind farm located approximately 13 miles offshore from the Rockaway Peninsula. The project is spurred on by the Governor of New York's Renewable Energy Task Force and the Governor's "45 by 15" program, which sets a target to meet 45 percent of New York's load from renewable energy resources and improved energy efficiency by the year 2015.

The two utilities released on March 23 a joint feasibility study, which included results that support up to 700 MW of wind capacity being developed offshore, given corresponding significant upgrades are made to the transmission system.

An initial phase with a capacity of 350 MW would likely be the first step. To allow for substantial further capacity expansions, LIPA and Con Edison filed an application to interconnect the wind farm with the New York Independent System Operator (NYISO) for up to 1400 MW by 2020.

LIPA and Con Edison now plan to work with the State of New York, the New York Power Authority (NYPA), New York City, the Metropolitan Transportation Authority, and the Port Authority to issue a request for expressions of interest (RFEI) for offshore wind development. A Request for Proposals (RFP) will be issued later in 2009.
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