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23.10.25 - 14:51
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Energy Vault Announces Acquisition of 150 MW Battery Energy Storage Project in Texas Under New Asset Vault Platform (Business Wire)
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SOSA BESS Project acquired from Shell's US subsidiary Savion, representing the first energy storage asset formally acquired under Energy Vault's recently launched Asset Vault energy asset management platform
Construction to begin immediately in Q4 2025 with planned commercial operation in Q1 2027, delivering critical grid support and renewable integration in Texas' ERCOT North market
Project expected to deliver $17–20 million in annual revenues over the technical life of the project, or ~ $350 million+ in total, with predictable, recurring high-margin cash streams
SOSA acquisition brings Asset Vault's total MWs acquired and in-operation to ~340 MW globally between the US- and Australia-based projects, with a funnel of 3.5 GW in active developmentWESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--$NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the "Company"), a global leader in grid-scale energy storage solutions, today announced its acquisition and planned development ...
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26.09.25 - 15:27
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Energy Vault Holdings Secures Additional $50 Million to Support Energy Storage Growth Projects (Business Wire)
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Working capital facility is in addition to the previously announced $300 million preferred equity investment for “Asset Vault”, enabling flexibility to address growth in demand for energy storage and AI data center buildoutsWESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced it has entered into a definitive funding agreement with YA II PN, Ltd. for up to $50 million in corporate debenture financing. This facility provides additional financial flexibility at the holding company level and will support Energy Vault's continued growth in energy storage project development and execution.
“This new facility provides Energy Vault with the working capital resources to continue scaling our business and delivering on our growth projects without constraint,” said Michael Beer, Chief Financial Officer of Energy Vault. “Importantly, this cash is in add...
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