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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

NRC to Issue License to Construct Two New Reactors iat Turkey Point in Florida

LCG, April 11, 2018--The Nuclear Regulatory Commission (NRC) recently announced that it will issue licenses allowing Florida Power and Light (FPL) to proceed with construction and operation of two AP1000 reactors at the Turkey Point nuclear generating station. The Turkey Point power generation complex is located in southern Miami-Dade and currently includes two zero-emissions nuclear generating units (Units 3 and 4) and one high-efficiency natural gas unit (Unit 5).

FPL submitted the application on June 30, 2009, and the NRC certified the 1,100-MW AP1000 design in 2011. The federal regulator granted permission for the agency's Office of New Reactors to issue the licenses after conducting a hearing in December 2017. The Commission found the staff's review of FPL's application adequate to make the necessary regulatory safety and environmental findings.

FPL has indicated that it wants to maintain the option to build new nuclear electric generating capacity; however, it has no immediate plans to proceed with construction of the new units (Unit 6 and 7).

Earlier this year in February, FPL announced plans to file with the NRC to renew and extend the operating licenses for Units 3 and 4. FPL's plan to pursue a second 20-year license renewal for each nuclear unit would be the first such application in the U.S. The license renewal would ultimately allow for an 80-year operating life for the units, which would operate until 2052 and 2053. FPL estimates that renewing the licenses would save FPL customers billions of dollars by avoiding the need for other more expensive power generation.
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