Energy Vault Announces FID Approval for 57 MW Cross Trails Battery Energy Storage System in Texas and 10-Year Offtake Agreement with Gridmatic
Energy Vault Holdings, Inc. (NRGV)
Company Research
Source: Business Wire
Cross Trails BESS to provide energy and ancillary services to support renewable energy production and improve grid resiliency in the Electric Reliability Council of Texas (ERCOT) regionUpcoming deployment demonstrates Energy Vault’s execution on its growth strategy to maximize capital efficiency and profitability in building, owning and operating energy storage infrastructure WESTLAKE VILLAGE, Calif. & CUPERTINO, 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 plans for the deployment of a 57 MW/114 MWh Battery Energy Storage System (BESS) in Scurry County, Texas, as well as the signing of a 10-year offtake agreement with Gridmatic, a leading AI-enabled power marketer. Construction of the Cross Trails BESS is expected to begin in Q1 2025, with commercial operation expected by summer 2025.The Cross Trails BESS, which will be built, owned and operated by
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News
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NRGV
Earnings
- 11/12/24 - Miss
NRGV
Sec Filings
- 11/14/24 - Form 8-K
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- NRGV's page on the SEC website