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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

El Paso Electric Signs Agreement for 92-MW Solar Project in New Mexico

LCG, June 12, 2009--El Paso Electric announced yesterday that it executed a 20-year, power purchase agreement (PPA) with NRG Energy (NRG) for all of the capacity of a 92-MW, concentrating solar power (CSP) plant planned in southern New Mexico by NRG and eSolar, a manufacturer of modular, scalable solar thermal power plants.

NRG will construct the Santa Teresa solar facility and use eSolar's solar-thermal technology and engineering expertise. The solar project is scheduled to commence commercial operations in the summer of 2011. The project reflects NRG and eSolar?s recently announced plans to develop up to 500 MW of solar thermal power in the Southwest.

The Santa Teresa project will employ an array of mirrors that focus solar energy on receivers positioned on towers that are approximately 180 feet tall. Liquid contained in the receivers is heated and used to convert water into steam that drives a turbine, which in turn drives a generator.

The project site is a 450-acre tract in southwest New Mexico, approximately 10 miles from El Paso, Texas. The solar plant includes 32 mirror fields that will contain a total of approximately 390,000 tracking mirrors focused on 32 towers.

The plant will be a positive step by El Paso Electric toward meeting New Mexico's renewable portfolio standard (RPS).
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