Energy Vault
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Energy StorageEnergy Storage Group Closes Financing for Texas BESS Project
A global developer of grid-scale energy storage projects said it has closed project financing and completed a 10-year offtake agreement for a battery energy storage system (BESS) installation in Texas. Energy Vault, with headquarters in California and offices in Virginia, Switzerland, and Australia, on July 24 said the $18-million project financing for the Cross Trails […]
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Energy StorageEnergy Vault Brings Texas-Based BESS Online With New Strategy
Energy Vault Holdings, a company that provides sustainable, grid-scale energy storage solutions, on June 11 announced the successful completion and start of commercial operation of the 57-MW, two-hour Cross Trails battery energy storage system (BESS) in Scurry County, Texas. The project, which marks the first fully executed asset under Energy Vault’s “Own & Operate” growth strategy, was completed ahead of schedule and will be supported by a 10-year offtake agreement with Gridmatic, a leading AI-enabled power marketer.
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RenewablesBESS Project Supports Australian Renewable Energy Park
U.S.-based Energy Vault has announced an agreement with the State Electricity Commission (SEC) of Victoria in Australia for the delivery and integration of a 100-MW/200-MWh battery energy storage system (BESS) at the SEC Renewable Energy Park-Horsham in Victoria. The groups on Feb. 13 said the hybrid solar and BESS project “represents a significant step forward […]
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Press Releases
PG&E Teams With Energy Vault to Build and Operate the Largest Green Hydrogen Long-Duration Energy Storage System in the U.S.
Hybrid system will be capable of powering approximately 2,000 electric customers within PG&E’s Calistoga microgrid for up to 48 hours (293 MWh of carbon-free energy) during a planned outage This Long-Duration Energy Storage System is the first-of-its-kind and integrates a short duration battery system, for grid forming and black start capabilities, with a long duration fuel […]