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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

Consumers Energy to Acquire Combined Cycle Plant in Michigan

LCG, January 31, 2014--Consumers Energy announced that it will purchase an existing, 540-MW combined cycle natural gas plant rather than construct a previously planned, 700-MW combined cycle plant.

The plant being acquired, DPC Juniper, is located in Jackson, Michigan and commenced operations in 2002. The sale price of the power plant is $155 million. The estimated cost to build the new power plant in Genesee County, Michigan is approximately $700 million.

The acquisition is scheduled to close in January 2016, with the new capacity compensating for an 840-MW capacity reduction caused by the planned retirement of a seven older coal-fired power plants in April 2016.

Consumers plans to withdraw a Certificate of Necessity filing for the constructing the 700-MW generating plant in Thetford Township near Flint. However, Consumers states that it is not cancelling the project, but deferring it. The project will be developed when
circumstances, including customer needs and energy policy, support restarting the project.
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