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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

NTE Energy Moves Towards Construction of 475-MW Combined Cycle Plant in North Carolina

LCG, March 17, 2016--Gemma Power Systems, LLC (GPS) announced Monday that it has received full Notice to Proceed (NTP) to begin activities under an Engineering, Procurement and Construction (EPC) services contract with NTE Carolinas LLC, an affiliate of NTE Energy, to construct a 475-MW natural gas-fired power plant in Kings Mountain, North Carolina. The plant is scheduled to be commercially online in the latter half of 2018.

The Kings Mountain Energy Center will be a combined cycle electric generating facility comprised of a Mitsubishi Hitachi Power Systems Americas (MHPSA) M501GAC combustion turbine generator, a Vogt Power International supplementary-fired heat recovery steam generator (HRSG) and a Toshiba America Energy Systems steam turbine generator.

Last October NTE awarded to GPS a sister project, the Middletown Energy Center in Ohio, that will employ the same MHPSA M501GAC turbine. The Middletown project is scheduled for completion early in the second quarter of 2018.

The M501GAC turbines are manufactured at MHPSA's Savannah Machinery Works in Georgia. The manufacturing facility started operations in 2010 and shipped its first gas turbine in October, 2012.

It was also recently announced that NTE closed on $387 million in credit and $218 million in equity commitments to build and operate the Kings Mountain Energy Facility.

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