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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

Iberdrola Renewables Executes Contract with SCE for 132-MW Wind Project in Southern California

LCG, July 30, 2015-Iberdrola Renewables yesterday announced a 15-year power purchase agreement (PPA) to supply Southern California Edison (SCE) with renewable power from the planned Tule Wind Power Project in San Diego County, California. SCE will purchase all of the power generated by the 132-MW wind farm. The project is scheduled for completion in late 2017.

The Tule Wind Power Project will have a footprint approaching 14,000 acres, including Bureau of Land Management (BLM) land north of the town of Boulevard. The project will include up to 67 wind turbines. A future expansion, utilizing 27 additional wind turbines, is also possible.

Iberdrola Renewables vice president stated, "We are pleased to support SCE's renewable energy goals with affordable wind energy from our new project. This project has been fully permitted for quite some time, so we're very pleased our proven track record of experience developing, constructing, and managing wind projects in California pushed this across the goal line. We look forward to reliably providing clean power to SCE for its customers and expanding our long term relationship with them."

The Tule Wind Power Project will support SCE's efforts to meet the California Renewables Portfolio Standard (RPS) of 33 percent renewable energy by 2020 for Investor-Owned Utilities (IOUs).

The San Diego Chamber of Commerce president & CEO stated, "San Diego has been a sustainable leader in California and helped set the national standard for energy efficiency & use of renewable power. Wind energy offers another way we can work to meet our renewable energy goals, however, there's only so much land available for wind development in San Diego. This project is in the right location and ready for construction at the right moment to continue San Diego's clean power leadership."

The U.S. Department of the Interior issued its final approval of the Tule Wind Power Project in December 2011, when the Secretary of Interior signed the Record of Decision on the Environmental Impact Statement (EIS).
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