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0 0.00840336134453782 0.00840336134453782 -0.0420168067226889 0.00773109243697487 0 -0.0183193277310923 0.0126050420168068
Stock impact report

Energy Vault Advances ‘Own & Operate’ Growth Strategy in Australia with Award of New South Wales Long-Term Energy Service Agreement (LTESA) for 125 MW, 1.0 GWh Stoney Creek BESS

Energy Vault Holdings, Inc. (NRGV) 
Company Research Source: Business Wire
LTESA award secures up to 14 years of project revenue support to complement the expected project merchant revenuesPreviously announced 1 GWh and AUD $350 million (~USD $220 million) BESS energy storage system confirmed as 8-hour duration, making it one of the first and largest long duration BESS systems announced in New South Wales (NSW)The Stoney Creek BESS, submitted via a joint Enervest-Energy Vault Consortium bid, will provide large-scale dispatchable energy storage to balance renewable generation, enhance grid stability, and support New South Wales decarbonization targetsAs outlined in the May 2024 Investor and Analyst Day, the LTESA award demonstrates successful regional expansion of Energy Vault’s 'Own & Operate' growth strategy to Australia, complementing ~2.6 GWh of previously announced projects underway in the country WESTLAKE VILLAGE, Calif. & MELBOURNE, Australia--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-s Show less Read more
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