Latest news with #JupiterPower
Business Wire
04-06-2025
- Business
- Business Wire
Energy Vault, Jupiter Power Announce Agreement for Additional 100 MW/200 MWh Battery Energy Storage System
WESTLAKE VILLAGE, Calif. & AUSTIN, Texas--(BUSINESS WIRE)--Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the 'Company'), a leader in sustainable, grid-scale energy storage solutions, and Jupiter Power ('Jupiter'), a leading developer and operator of utility-scale battery energy storage projects in the United States, 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. Today's announcement follows the July 2024 completion of an initial 100 MW/200 MWh BESS. This new BESS will add 100 MW/200 MWh of critical dispatchable capacity to the ERCOT grid, further advancing grid resiliency. Construction of the project is underway, with commercial operations expected to commence by the end of this summer. The BESS system will be built with the Energy Vault's proprietary X-Vault integration platform using Energy Vault's proprietary UL9540 certified B-VAULT product, and VaultOS Energy Management System to control, manage and optimize the BESS operations. Energy Vault's innovative system architecture provides customer optionality with both battery and inverter suppliers, while unique AC-coupled and DC-coupled configurations provide the drop-in flexibility needed for any project. "As one of the largest battery storage developers and operators in the U.S., we look for partners who can keep pace with our ambition and scale. With more than 2,500 MWh in operation or construction, we're excited to continue building with Energy Vault at this critical site and appreciate their ability to deliver solutions tailored to our needs,' said Michael Geier, Chief Technology Officer, Jupiter Power. 'Today's expansion of our partnership with Jupiter Power stands as a testament to the strength of our team's collaborative approach to delivering reliable, safe, and efficient energy storage solutions to customers,' said Marco Terruzzin, Chief Commercial and Product Officer, Energy Vault. 'Jupiter's BESS projects portfolio has reached a critical mass in ERCOT and we're proud to continue serving as a partner to Jupiter Power in the ultimate endeavor to decarbonize the grid in an economically effective fashion.' Today's announcement serves as yet another milestone in the ongoing partnership between Energy Vault and Jupiter Power, which began in 2022 with the announcement of an agreement to secure 2.4 GWh of supply chain equipment and services that will be integrated and delivered through Energy Vault's hardware and software management platform in Jupiter Power's battery energy storage projects. To date, Energy Vault's B-VAULT portfolio consists of more than 2 GWh in total projects either deployed or currently in development. About Energy Vault Energy Vault ® develops, deploys and operates utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company's technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault's innovative technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Please visit for more information. About Jupiter Power Jupiter Power is a leading energy storage infrastructure platform with extensive capabilities in trading, analytics, development, finance, operations and construction. The company is developing approximately 12,000 MW of utility-scale energy storage projects from California to Maine. Jupiter Power is headquartered in Austin, Texas, with offices in Houston and Chicago. For more information on Jupiter Power LLC, please visit our X, LinkedIn or Facebook pages or visit Forward-Looking Statements This press release includes forward-looking statements that reflect the Company's current views with respect to, among other things, the Company's operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as 'anticipate,' 'expect,' 'suggest,' 'plan,' 'believe,' 'intend,' 'project,' 'forecast,' 'estimates,' 'targets,' 'projections,' 'should,' 'could,' 'would,' 'may,' 'might,' 'will' and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainly of our awards, bookings and backlogs equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption 'Risk Factors' in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on March 12, 2024, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC's website at New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.
Yahoo
19-05-2025
- General
- Yahoo
Fire officials urges proper disposal of lithium-ion batteries after recycling truck fire in Sunderland
SUNDERLAND, Mass. (WWLP) – Massachusetts fire officials are reminding residents of ways to properly dispose of lithium-ion batteries after a recycling truck fire in Sunderland. Last month, crews were called to a recycling truck fire on River Road in Sunderland. The Department of Fire Services said that the truck was collecting curbside recycling when the driver noticed the fire in the back of the truck. The driver called 911 and found a safe area to dump the burning contents, which is per their protocol. Jupiter Power lithium battery project in Westfield canceled over eco concerns The Sunderland Fire Department, with the help of the Sunderland Highway Department, was able to put the fire out and spread the recycling apart to be sure it was completely out. The cause, determined by the Department of Fire Services, was from lithium-ion batteries that were placed in a household's recycling bin. When it was collected by the truck, it was compacted, causing an uncontrolled increase in temperature inside the battery known as thermal runaway, resulting in a fire that spread quickly. Lithium-ion batteries can be found in many household items such as cell phones, laptops and tablets, watches, e-bikes, vape devices, electric vehicles, power tools, and many children's toys. Sunderland Chief Benjamin and State Fire Marshal Davine are reminding residents that these batteries should not be placed in the trash or household recycling. To properly dispose of lithium-ion batteries, they can be brought to a household hazardous waste collection site or a battery recycling center such as Staples, Home Depot, and Lowe's. To find a location near you, visit Lithium-Ion-BatteriesDownload WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
28-04-2025
- General
- Yahoo
Night training flights set for 104th Fighter Wing at Barnes Air National Guard Base
WESTFIELD, Mass. (WWLP) – The 104th Fighter Wing, based out of Barnes Air National Guard Base in Westfield, is scheduled to conduct night training flights every night through Friday. Jupiter Power lithium battery project in Westfield canceled over eco concerns The night training helps pilots stay current with Air Force regulations as part of their training. During the night training maneuvers, pilots will be trained on both critical homeland defense and overseas wartime aviation skills. The 104th Fighter Wing has highly trained personnel that is ready to provide Air Superiority on-demand anywhere with 21 assigned F-15C Eagle Aircraft. They are trained to provide 24/7 Aerospace Control Alert, providing armed F-15 fighters ready to scramble at a moment's notice to protect the northeast United States from any airborne threat, security for one-quarter of the nation's population, and over one-third of the Gross Domestic Product. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-04-2025
- Business
- Yahoo
Jupiter Power lithium battery project in Westfield canceled over eco concerns
WESTFIELD, Mass. (WWLP) – A developer for the proposed lithium battery energy storage facility in Westfield has decided to pull back on the project. This update was announced during a news conference held by the city's mayor outside City Hall. This decision is bringing relief to the community as many were concerned about the potential environmental and health impacts this facility could've brought. The Texas-based company Jupiter Power was looking to construct a lithium battery energy storage facility over the Barnes aquifer. This is the sole source of water for Westfield and the surrounding neighborhoods. There was also concern about long-burning lithium fires at the site, releasing harmful chemicals into the air. And in the last few months, the mayor and other state lawmakers were activeLy working with Jupiter Power for them to reconsider their proposal. Mayor Michael McCabe expressed gratitude for the developer's willingness to withdraw and listen to the community's concerns and reassess their plans. 'The protection of our city's natural resources should be paramount in all of our decision-making processes. And to that end, we are very pleased with this development,' says McCabe. While the company believed the facility would bring economic and resiliency benefits, they decided to focus their efforts on other projects. In a statement to 22News, Jupiter Power explained they've got a wide range of projects in development and must carefully decide which ones to invest in and move forward with. It is still unclear as to what's next for the property. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
25-04-2025
- Business
- Yahoo
Jupiter Power withdraws lithium battery storage proposal over Barnes aquifer
WESTFIELD — At an April 25 noon press conference, Mayor Michael McCabe, joined by state Sen. John Velis and Community Development Director Peter Miller announced what he said would be good news for the residents of Westfield and surrounding communities. 'After months of communication and consideration, I am very pleased to announce that Jupiter Power has withdrawn their proposal for a battery energy storage site in the city of Westfield,' McCabe said. The Streamfield Battery Energy Storage Site proposed by Jupiter Power overlapped the Barnes Aquifer, which has a recent and costly history of PFAS contamination. The project caused an outpouring from residents in Westfield and neighboring communities, who voiced their opposition to the plan at meetings and in other public forums. The mayor said he had received a brief statement from the company that morning that also followed a recent meeting he had with Miller, Velis and Jack Godshall, chief financial officer of Jupiter Power, that he shared at the press conference. 'Jupiter Power has a broad portfolio of projects in active development across the United States, and is consistently evaluating which projects to continue to invest in and advance. While we know that the Streamfield project would bring many economic and grid resiliency benefits to the region, and are of course disappointed with the outcome, Jupiter Power has now made the business decision to terminate the Streamfield project and focus development efforts elsewhere,' the statement from Godshall read. McCabe said he had been impressed in that final meeting with the company at how much they had listened to Westfield. 'City Council President John Beltrandi, state Sen. John Velis, [state] House Rep. Kelly Pease and I have been meeting and speaking with the company over the past few months. I am happy to report that the meetings were congenial and achieved the transparency necessary for Jupiter to come to this conclusion,' McCabe said. Velis said before the last meeting with Jupiter Power, he had expected 'a full-on brawl. I give them credit. They listened in a collaborative manner and were cognizant of Westfield's history.' Velis said he was also impressed by the number of emails and phone calls his office received on this matter, and the people who came together in opposition. 'I would like to thank our City Council, especially Councilors Dan Allie and Kristen Mello for getting the word out to our constituents and to those residents who answered the call and wrote letters, attended meetings and otherwise voiced their concerns to the [Department of Public Utilities] Siting Board. There is no doubt that vocal public discourse contributed to Jupiter Power's decision to withdraw,' McCabe said. 'In my 40 years in public service, I never saw an issue like this that was unanimously panned. Nobody was in favor, they were 100 percent opposed,' McCabe said. 'The protection of our City's natural resources should be paramount in all our decision-making processes and to that end we are very pleased with this development,' he added. Read the original article on MassLive. Read the original article on MassLive.
