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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

Austin Energy Poised to Commit to 300-MW Wind Project

LCG, February 25, 2014--Austin Energy announced late last week that it will purchase the power generated from a 300-MW wind farm to be built in Texas by Lincoln Renewable Energy. The wind farm project is approximately 50 miles southwest of Amarillo, Texas and will include 160 wind turbines. The City Council is scheduled to vote on the PPA during its meeting on February 27.

The new, 300-MW power purchase agreement (PPA) replaces a 170-MW wind PPA with E.ON Climate & Renewables, which declined to proceed due to tax and financing issues after winning an Request for Proposals (RFP) issued by Austin Energy. The new PPA with Lincoln Renewable Energy includes a shorter, 18-year term and a lower price (by about $2/MWh) than the 25-year PPA with E.On Climate & Renewables.

The Lincoln wind farm commenced construction in November 2013 and is eligible for the federal production tax credit (PTC) for wind, as the PTC is currently available only to projects that either (i) started construction or (ii) can show sufficient financial commitment by the end of 2013.

Increasing the PPA capacity from 170 MW to 300 MW will also better support Austin Energy's goal of achieving 35 percent renewable generation resources by 2020.
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