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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

SunEdison Closes on 300-MW Wind Farm in Texas

LCG, August 6, 2015-SunEdison, Inc. yesterday announced that it has closed financing and commenced construction on the 300-MW South Plains II wind farm in Texas. Citi provided the construction loan facilities for the project and BHE Renewables, a subsidiary of Berkshire Hathaway Energy, in partnership with Citi, will invest in the tax equity. Hewlett-Packard plans to purchase 112 MW of the capacity to power 100 percent of its Texas-based data centers as part of the company's sustainable cloud initiative. An affiliate of Citi will purchase the remaining 188 MW capacity.

The South Plains II project, located in Floyd County, will use wind turbines supplied by Vestas. The project is scheduled to be completed in 2016. Operation and maintenance will be performed by SunEdison Services. Upon completion, TerraForm Power anticipates acquiring the project, which is forecast to generate approximately 1,200 gigawatt-hours of energy each year.

The president of BHE Wind, a division of BHE Renewables, stated, "Our company has been a leader in wind project development and ownership. As we look for new ways to be involved in developing renewable generation, we see tremendous opportunity to move the industry forward through investment in the tax equity market."
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