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Stock impact report

US BLM issues right-of-way for solar and battery storage project in Nevada [Yahoo! Finance]

Energy Vault Holdings, Inc. (NRGV) 
Company Research Source: Yahoo! Finance
Located in the Dry Lake East Designated Leasing Area, the project is designed to generate up to 200MW of solar power and provide up to 600MW of BESS reliability for the Nevada grid through the Harry Allen Substation. The development includes an approximately three-mile generation-tie transmission line that would be co-located with existing transmission lines from the on-site project substation to the existing Harry Allen Substation. The site covers 1,635 acres and is located ten miles north-east of Las Vegas on public lands managed by the BLM. Since initiating the plans and environmental assessment in 2018, the BLM solicited public comments and consulted with local, state and federal agencies as well as tribal governments before issuing the ROW to Boulevard Associates. The company will construct, operate, maintain and decommission the Dry Lake East Energy Center Solar Project. BLM Las Vegas field manager Bruce Sillitoe commented: “This will contribute to a clean energy econom Show less Read more
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