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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

CPUC Approves Agreement for SDG&E to Purchase Power from New Gas-fired Power Plant

LCG, February 7, 2014--The California Public Utilities Commission (CPUC) Wednesday unanimously approved an application that provides authority for San Diego Gas & Electric (SDG&E) to enter into a power purchase tolling agreement (PPTA) with the Pio Pico Energy Center, LLC (Pio Pico), a proposed 305-MW generating facility in Otay Mesa, California. In addition, the approval provides for SDG&E to recover the costs of the PPTA, subject to a cost cap.

With the CPUC?s approval, Pio Pico Energy Center, LLC is poised to move towards construction of the project. The amended PPTA includes a 25-year term, starting in June 2017.

The CPUC?s findings included that ?Pio Pico will assist in the deployment of preferred resources by providing peaking and load-following generation that will complement intermittent renewable resources, and will immediately and over time displace less efficient and higher emitting gas-fired plants.?

The CPUC also concluded that it is reasonable to adopt SDG&E?s revised transmission upgrade costs as a cap on the transmission upgrade costs that SDG&E may recover from ratepayers.

The Pio Pico project obtained the California Energy Commission (CEC) certification on September 12, 2012.

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