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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

Duke Energy Renewables Acquires Seville Solar Projects in California

LCG, July 29, 2015-Duke Energy Renewables yesterday announced it has acquired the 20-MW Seville I and 30-MW Seville II Solar Power Projects in California from Kruger Energy. The two projects are expected to be in service by year end, which will increase Duke Energy Renewables' total solar power capacity in California to over 100 MW.

San Diego Gas & Electric (SDG&E) will purchase the energy generated from Seville I and associated renewable energy credits (RECs) through a 20-year agreement. Imperial Irrigation District (IID) will purchase the power and related RECs from Seville II under a 25-year agreement.

The projects, Seville I and Seville II, are located on a 1,280-acre site in the Imperial County about 10 miles west of the Salton Sea. Construction is underway and will continue to be overseen by Kruger Energy.

The president, Commercial Portfolio, of Duke Energy stated, "The Seville projects are a sizeable addition to our California solar portfolio; they will almost double our solar capacity in the state. We're pleased to be adding quality projects that will bring economic development to Imperial County and contribute to California's leadership in renewable energy growth."
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