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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

Dominion Energy Announces Plans to Pursue New Pumped Storage Hydroelectric Facility Virginia

LCG, September 8, 2017--Dominion Energy Virginia announced yesterday that it will proceed with its plan to study the feasibility of a new pumped storage hydroelectric facility in the coalfield region of Southwest Virginia by conducting in-depth studies of two potential sites: a 4,100-acre site in Tazewell County and an abandoned mine in Wise County. The preliminary estimate for a single facility could be in the range of $2 billion.

Dominion Energy filed a preliminary permit with the Federal Energy Regulatory Commission (FERC) for the Tazewell location on Wednesday and has contracted with Virginia Tech to conduct the study of the former Bullitt Mine near Appalachia, Virginia.

Dominion Energy's vice president-Generation Construction stated, "We are on parallel paths with performing studies on these two sites. The FERC application for the Tazewell site will allow us to proceed with the rigorous environmental, geological, archeological and technical studies, while further assessing the economics of the project. In addition, the detailed study on the mine site allows us to explore the feasibility of abandoned mine cavities for pumped hydroelectric storage. We expect to make a decision on which site to advance by mid-2018."

Conceptually, a pumped storage hydroelectric facility works by storing water in an upper reservoir. When demand for electricity is high and electricity prices rise, water is released to flow down to a lower reservoir water through turbines to produce electricity. When demand for electricity is low and prices are low, electricity is used to reverse the turbines and pump the water back from the lower reservoir to the upper reservoir, where the water is stored to be used again when needed.

Pumped storage facilities typically act as a utility-scale energy storage system used daily. Water flows down to generate power during the peak demand hours of the day, and the water is pumped back up to the reservoir during the night to store energy for the next day.

Dominion Energy owns about 2,600 acres of the Tazewell site near East River Mountain, which it purchased in 2009 when it was pursuing another electric generation project. Studies are underway by Virginia Tech that are expected to determine if the site is viable to proceed with a FERC license application later in 2018.

With regards to the Bullitt Mine site, the Virginia Department of Mines, Minerals and Energy previously conducted research on the feasibility of using abandoned mines for pumped storage and looked at numerous sites in the coalfield region. The research identified the former Bullitt Mine as one of its top candidates. The mine was closed in 1997 and is currently flooded. A pumped storage facility could conceivably use the mine cavity as a lower reservoir.

Dominion Energy elected to delay filing a preliminary permit application with FERC for the Bullitt Mine site pending the results of an on-going study. If the mine is selected for a pumped storage facility, Dominion Energy would file with FERC next year.

Dominion Energy stated that it may also pursue other potential sites as the process continues.
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