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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

Southern California Edison Announces New Agreement with SunPower

LCG, March 17, 2010--Southern California Edison (SCE) announced yesterday that it awarded a contract to SunPower Corp. to provide solar photovoltaic (PV) systems for up to 200 MW of capacity in order to meet the solar capacity needed for the utility?s solar PV program.

SCE plans to construct, own and operate 250 MW of solar generating capacity over the next five years. The strategy is to install solar PV systems as large as 2 MW of electric generating capacity on leased, warehouse rooftops and to connect the systems into the local distribution grid.

SCE will purchase the non-penetrating, SunPower T5 Solar Roof Tile system. According to SunPower, the T5 Roof Tile system integrates a frame and mounting system with SunPower's high-performance, 96-cell solar panels, including the recently announced SunPower 315 Solar Panel.

In a related event last Friday, the California Public Utilities Commission (CPUC) approved the use of tradable renewable energy credits purchased from renewable energy generators, including those located outside California, for use in the California Renewables Portfolio Standard (RPS) program. Previously, utilities were required to procure electricity bundled with renewable energy credits (RECs) from electric generating facilities.

With the recent decision by the CPUC and the new agreement with SunPower, SCE is better positioned to meet or exceed California's RPS program requirement to purchase 20 percent of their retail sales from renewable energy sources this year.
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