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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

Biomass Fuel Supply Agreement Completed for 100-MW Project in Florida

LCG, January 19, 2011-A biomass fuel supply agreement was finalized for the Gainesville Renewable Energy Center (GREC), a 100-MW power project planned for North Florida under development by American Renewables. Under the agreement, Rayonier, an international forest products company based in Florida, will supply logging residues, forest thinnings and other woody waste materials to the project.

Gainesville Regional Utilities will receive the power generated from the project under a 30-year, power purchase agreement (PPA). The project is scheduled to commence operations in late 2013.

The GREC project is planned for a site adjacent to an existing coal-fired power plant located approximately eight miles northwest of downtown Gainesville. The GREC design incorporates a bubbling fluidized bed (BFB) boiler.

A number of other biomass power projects across the Nation have stalled due to rules issued by the Environmental Protection Agency (EPA) last year. First, the EPA called into question whether or not power plants burning biomass are carbon neutral, placing new risk on biomass power plants for carbon emissions. Second, the EPA's proposed Industrial Boiler MACT rule created additional problems for biomass power producers last year by setting emission limits that will be difficult if not impossible to achieve with existing technology. In response to a wave of opposition to the Industrial Boiler MACT rule, the EPA requested last December additional time to develop the rule from the Federal Court, and a ruling on the extension is expected by the end of this week.
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