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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

GRDA and Mitsubishi Execute Agreement for New 495-MW Combined Cycle Facility in Oklahoma

LCG, March 25, 2014 - Grand River Dam Authority (GRDA) and Mitsubishi Hitachi Power Systems Americas (MHPSA) announced yesterday that they have signed an agreement for MHPSA to supply GRDA with a new, combined cycle natural gas facility that will utilize the J-Series gas turbine. GRDA expects the new unit, with an electric generating capacity of 495 MW, to be operational by March 2017.

GRDA's Chief Executive Officer/Director of Investments stated, "This is an historic agreement for both GRDA and Mitsubishi. This unit will be the first of its kind in the western hemisphere. It is state-of-the-art technology, and as a combined cycle unit, it will operate very efficiently while providing low-cost, reliable electricity for GRDA customers for decades to come."

GRDA's CEO further stated, "Part of the GRDA Board's strategy is to reduce our reliance on coal. We can achieve some of that with this new facility. By burning natural gas from right here in Oklahoma, we will have a diversified generation portfolio that will continue to keep costs low for our customers."

The new unit (GRDA Unit 3) will be located at the Grand River Energy Center (formerly GRDA Coal Fired Complex), about 56 kilometers east of Tulsa.

In January 2014, GRDA selected MHPSA to supply the M501J (328-MW) gas turbine, an SRT-50 (167-MW) steam turbine, and a generator to be supplied by Mitsubishi Electric Corporation.

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