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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

FootPrint Power Hires Iberdrola to Construct Combined-Cycle Plant in Salem

LCG, December 16, 2014-Iberdrola USA announced Friday that its sister company, Iberdrola Engineering and Construction, has been hired by Footprint Power of Bridgewater, New Jersey to build a 674-MW combined-cycle electric generating facility in Salem, Massachusetts. Iberdrola Engineering will be responsible for all engineering, construction, commissioning, and site work for the project. The new, gas-fired facility will incorporate GE's Flex-Efficiency design.

"With new EPA carbon emission rules on the horizon, this new, quick-start combined-cycle plant will provide much needed low-emission power for New England," said Iberdrola USA's chief corporate officer. "As we increase the use of renewable energy resources in the region, this plant will also provide critical balancing services to supplement the growing renewable generation fleet."

The announcement follows a recent Federal Energy Regulatory Commission (FERC) action granting Footprint Power a one-year deferment on its five-year obligation to generate electricity from its project. Some local residents have opposed the plant, slowing the project and threatening to push the on-line date to beyond the five-year window. The target on-line date had been June 2016; however, the date is now pushed back until June 2017. The estimated construction period for the project is 30 months.

Footprint Power's President & Chief Operating Officer stated, "We are moving forward on that front as quickly as possible. This order being granted allows us to move forward on those fronts and to finalize all agreements and transactions."

The power plant will be built at a 65-acre waterfront site now occupied by the decommissioned coal-and-oil-fired Salem Harbor Station generating plant. The much smaller footprint of the gas plant will make available a large parcel of waterfront property for future recreation, retail and commercial development.
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