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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

AEP Revises Settlement and Agrees to Retire Three Coal-fired Units

LCG, February 26, 2013--A revised settlement agreement between American Electric Power Company (AEP), the U.S. Environmental Protection Agency (EPA), and a coalition of environmental and citizen groups was announced yesterday that will retire three of AEP's coal-fired, electric generating units.

The revised settlement includes the closure of AEP's Tanners Creek Generating Station Unit 4 in Indiana, the Muskingum River Power Plant Unit 5 in Ohio, and the Big Sandy Power Plant Unit 2 in Kentucky, which have a combined generating capacity of 2,011 MW.

Other terms of the revised settlement include AEP paying a total of $6 million to Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont, plus $2.5 million to citizen groups in Indiana. AEP must also develop 50 MW of wind or solar generating capacity in 2013, plus 150 MW in Indiana or Michigan by 2015.

The revised settlement allows AEP to install a lower cost, sulfur dioxide emission control system at the Rockport coal plant in southern Indiana.

AEP, like other owners of coal-fired power plants, continues to evaluate costly compliance options in response to growing federal regulations, such as the utility mercury and air toxics standards (MATS), driven by the EPA. Uncertainty on near-term emission control project costs, plus future incremental costs to comply with new regulations that may arise, makes it increasingly attractive to retire older coal-fired plants and to invest in new plants fueled with low-cost natural gas.
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