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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

NRG Solar and SunPower Execute Agreements for 250-MW California Solar Project

LCG, December 1, 2010--NRG Solar, a subsidiary of NRG Energy, Inc., and SunPower Corp. yesterday announced that they have executed agreements to begin construction in 2011 of the 250-MW California Valley Solar Ranch, located in San Luis Obispo County.

With the new agreements, SunPower will continue to develop the California Valley Solar Ranch project. SunPower will also design, construct and operate the solar PV facility, which will employ SunPower's proprietary Tracker system to improve energy capture. Project construction is scheduled to begin in the second half of 2011. The project will commence operations in three phases, with the initial phase on line by the end of 2011. The second and third phases will begin delivering power to the grid in 2012 and 2013, respectively.

NRG will assume all ownership and financing responsibilities. NRG Solar plans to invest up to $450 million in the project over the next four years, and a loan guarantee from the U.S. Department of Energy's (DOE) Loan Guarantee Program Office is being pursued.

Pacific Gas & Electric (PG&E) signed a 25-year power purchase agreement (PPA) for the output from the project in August 2008, and the PPA was approved by the California Public Utilities Commission (CPUC).
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