Energy Vault, Enervest in Australia deal for 1.0 GWh energy storage project

Energy Vault (NRGV) Holdings has signed an agreement with Enervest Group for the deployment of a 1,000 MWh battery energy storage system BESS at the Stoney Creek site in New South Wales, Australia. As part of the agreement, the companies are now finalizing the development and grid application approvals to bring the project to full FID. ….. This announcement demonstrates the continued expansion of Energy Vault’s growing footprint in the Australian market, which follows recently announced projects already under execution in New South Wales for 400MWh which will be delivered in 2025, highlighting Energy Vault’s B-VAULT portfolio which consists of more than 2GWh in total projects either deployed or currently in development…Energy Vault will serve as the turn-key engineering, procurement, construction and commissioning partner and system integrator for the project, and will also provide long term services, software and maintenance support over the life of the project The BESS system will be built with Energy Vault’s proprietary X-Vault integration platform using Energy Vault’s proprietary UL9540 and AS3000 certified B-VAULT product, and Vault-OS Energy Management System to control, manage and optimize the BESS operations.