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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

Entergy Announces Agreement to Acquire 1,980-MW Power Station in Arkansas

LCG, December 10, 2014-Entergy Corporation announced yesterday that its subsidiaries, Entergy Arkansas, Inc., Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc. have signed an agreement to acquire the 1,980-MW Union Power Station from Union Power Partners, L.P., an independent power producer (IPP) that is wholly-owned by Entegra TC LLC. The purchase price of the plant is $948 million, and the target closing date is late 2015.

The Union Power Station is located on a 330-acre site near El Dorado, Arkansas and began commercial operations in July 2003. The natural gas-fired electric generating facility includes four, 495-MW combined cycle blocks. Each block includes two GE 7-FA combustion turbines with inlet air fogging, two Alstom heat recovery steam generators (HRSG) with supplemental duct-firing, and one GE single case, single flow axial exhaust condensing steam turbines.

The new acquisition agreement calls for both Entergy Arkansas and Entergy Texas to acquire one unit, and for Entergy Gulf States Louisiana to acquire two units. Furthermore, Entergy New Orleans will receive 20 percent of the output from the Entergy Gulf States Louisiana units via an at-cost purchase power agreement (PPA), which is subject to City Council of New Orleans approval.

Entergy's chairman and chief executive officer stated, "Our service territory is at the heart of an industrial renaissance that is built on competitive energy costs, low electricity prices and smart economic growth policies of our state governments. The acquisition of these highly efficient units at a price favorable to our customers will help us meet the increased demand and be a significant step in the ongoing modernization of our generating fleet."

The acquisition is contingent upon a number of factors, including obtaining necessary approvals and acceptable cost recovery from the various federal and state regulatory authorities.
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