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News
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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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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
Florida PSC Approves Need for FPL's 1,633-MW Okeechobee Clean Energy Center
LCG, January 6, 2016--Florida Power & Light Company (FPL) announced yesterday that the Florida Public Service Commission (PSC) approved the need for FPL's proposed Okeechobee Clean Energy Center. The natural gas-fired electric generating facility is scheduled to commence operations in mid-2019 to serve the growing electric load in Florida.
The Okeechobee Clean Energy Center will be built on company-owned property in northeastern Okeechobee County, Florida. The estimated cost of the new, 1,633-MW facility is $1.3 billion. Given timely receipt of necessary approvals and permits, construction will begin in 2017.
FPL's president and CEO stated, "The FPL Okeechobee Clean Energy Center represents another major milestone in our successful program of phasing out older power-generating units and investing in new, high-efficiency clean energy centers that reduce emissions and save our customers money on fuel costs. Not only is the FPL Okeechobee Clean Energy Center the most cost-effective option for meeting Florida's future energy needs, it will also help us keep our customers' bills low for the long term and further reduce emissions from our system, which is already among the cleanest and most affordable in the nation."
The Okeechobee Clean Energy Center is part of the FPL's strategy of modernizing its system - investing in fuel-efficient power generation that uses clean, U.S.-produced natural gas, zero-emissions nuclear or solar energy while phasing out older, less fuel-efficient plants that use coal and oil. FPL continues to make progress on long-term plans for new nuclear power and, by the end of 2016, expects to have completed three new large-scale solar energy centers in Florida.
Last March, FPL filed with the PSC its ten-year plan that forecast a significant need for additional firm power generation beginning in 2019, with more to be added in future years. FPL also issued in the first quarter of 2015 a Request for Proposals (RFP) to invite prospective bids from interested power providers for firm generation. However, FPL received only one partial bid that did not conform to the terms of the RFP and fell far short of meeting the required energy need. With such a response, FPL then developed the plans to proceed and construct its own facility. In July, FPL announced plans to construct the Okeechobee Clean Energy Center in Florida.
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The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
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UPLAN-G
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