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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

Ontario Moves towards New Clean Energy and Retirement of Coal Units

LCG, February 28, 2012--Ontario's power grid operator, the Independent Electricity System Operator (IESO), announced that over 2,600 MW of capacity is expected to be added to the Ontario grid over the next 18 months. The new capacity will support Ontario's plans to shut down coal-fired generation owned by Ontario Power Generation.

The new electric generation capacity includes nuclear power from two, 750-MW units currently being refurbished. Bruce Power expects the Bruce 2 reactor to commence operations in the first quarter of 2012 and Unit 1 in the third quarter. Bruce Power currently operates the Bruce A and Bruce B nuclear power stations, which include six active units and the two being refurbished.

An additional 400 MW of gas-fired generation - plus over 700 MW of renewable capacity - is also scheduled to begin delivering power to the grid over the next 18 months.

To support the new generation resources and the loss of the coal-fired units, the IESO stated a new 500-kV electric transmission line between Bruce and Milton will soon also commence operations.

In December 2011, Bruce Power announced that it will no longer pursue the development of a new nuclear power plant in Alberta. Bruce Power?s President and Chief Executive Officer stated, "Throughout our existence at Bruce Power we've looked at a number of potential business development opportunities. We've decided the new nuclear option in Alberta is not something our company will be progressing further."

Bruce Power is a partnership among Cameco Corporation, TransCanada Corporation, BPC Generation Infrastructure Trust, a trust established by the Ontario Municipal Employees Retirement System, the Power Workers? Union and The Society of Energy Professionals.
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