Associated tags: Energy Vault, Vault, Energy, Alternative Energy, Utilities, Environment, NYSE, Sustainability, Other Energy, Renewable energy, Green Technology, Software, Batteries, Hardware
Locations: AUSTRALIA/OCEANIA, VICTORIA, APAC, CHINA, PARIS, EUROPE, SWITZERLAND, UNITED STATES, NORTH AMERICA, CALIFORNIA, NEVADA, LOUISIANA, AUSTRALIA, POLAND, MEADOW CREEK, MAINE
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Renewable energy Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and ACEN Australia, today announced the main contractual agreements for two battery energy storage system (BESS) deployments totaling 400 MWh in Australia.
Key Points:
- Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and ACEN Australia, today announced the main contractual agreements for two battery energy storage system (BESS) deployments totaling 400 MWh in Australia.
- Construction on both deployments is expected to begin in the second half of 2024, with commercial operations expected in 2025 and 2026.
- Under the agreement, Energy Vault will deploy both a 50 MW/100 MWh BESS and a 150 MW/300 MWh BESS at ACEN Australia’s 720 MW New England Solar, one of the largest solar projects to participate in Australia’s National Electricity Market (NEM).
- In 2023, ACEN Australia secured a 20 year Long Term Energy Service Agreement (LTESA) for New England Solar in the NSW Government’s first renewable energy and storage auction.
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Cryptocurrency Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2024.
Key Points:
- Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2024.
- “In the first quarter of 2024, the Energy Vault team continued to execute on the most important priority set at the beginning of 2023 – deployments of our first energy storage projects across multiple customers delivered on time, on budget and at the quality, safety and performance levels that meet or exceed our customer expectations,” said Robert Piconi, Chairman and CEO of Energy Vault.
- In lieu of hosting a dedicated financial results conference call, Energy Vault will discuss the latest quarterly results and wider financial and operational updates at its inaugural Investor & Analyst Day on Thursday, May 9, 2024 at 9:00 AM ET at the New York Stock Exchange.
- Key members of the Energy Vault executive team will be present, including Robert Piconi (Chairman and CEO), and Michael Beer (Chief Financial Officer).
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Renewable energy Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVx™ gravity energy storage system (GESS) by China Tianying Co., Ltd (CNTY).
Key Points:
- Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVx™ gravity energy storage system (GESS) by China Tianying Co., Ltd (CNTY).
- Testing included the successful charging and discharging of units of the 25 MW/100 MWh GESS invested in and built by CNTY in partnership with Energy Vault and Atlas Renewable.
- View the full release here: https://www.businesswire.com/news/home/20240507725790/en/
The first set of charging and discharging units of the Rudong 100MWh gravity energy storage project was successfully tested.
- “This testing demonstrates that gravity energy storage technology promises to play a key role in supporting the energy transition and decarbonization goals of China, the world’s largest energy storage market.
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Renewable energy Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada’s largest public utility, today announced the completion and beginning of commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada.
Key Points:
- Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada’s largest public utility, today announced the completion and beginning of commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada.
- View the full release here: https://www.businesswire.com/news/home/20240425206995/en/
Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project to Commercial Operation (Photo: Business Wire)
Built on the site of a decommissioned coal-fired electric generating facility, the 220MW/440MWh grid-tied BESS, one of the largest in Nevada, is a 2-hour energy storage system that is designed to store and dispatch excess renewable energy, including wind and solar power.
- The system, which is now being operated at full capacity by NV Energy, leverages Energy Vault’s integration platform and energy management system (Vault-OS).
- “The completion of the Reid Gardner Battery Energy Storage System, on budget and on schedule in a compressed time schedule, stands as a testament to Energy Vault’s commitment to the efficient delivery of sophisticated high-performance energy storage systems to customers like NV Energy,” said Marco Terruzzin, Chief Commercial & Product Officer, Energy Vault.
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Energy Vault Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will host its inaugural Investor & Analyst Day on Thursday, May 9, 2024 in New York.
Key Points:
- Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will host its inaugural Investor & Analyst Day on Thursday, May 9, 2024 in New York.
- Energy Vault’s Investor & Analyst Day will provide deep insight to the Company’s strategy, business model, execution, portfolio of products / technology and IP, 2024 financial guidance, and long-term outlook.
- Separately, the Company announced today that it will release its first quarter 2024 financial results for the quarter ended March 31, 2024 after market close on Wednesday, May 8, 2024.
- In lieu of hosting a dedicated financial results conference call to discuss the latest quarterly results, the Company will discuss its latest quarterly results and wider financial and operational updates at its inaugural Investor & Analyst Day on May 9, 2024.
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Renewable energy Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the publication of its 2023 Sustainability Report .
Key Points:
- Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the publication of its 2023 Sustainability Report .
- View the full release here: https://www.businesswire.com/news/home/20240408193128/en/
Energy Vault Issues 2023 Sustainability Report (Photo: Business Wire)
The report demonstrates Energy Vault’s commitment to providing transparency and progress on material non-financial sustainability & Environmental, Social, and Governance metrics.
- In its second annual Corporate Sustainability Report, Energy Vault shares early-stage data and 2023 activations of newly established sustainability infrastructure, systems, protocols, standards, and metrics from which the organization measures current and future success.
- “As the business continues to grow and evolve to meet the growing demand for tailored energy storage solutions around the globe, I’m confident in our ability to continue to progress toward and ultimately achieve our sustainability goals moving forward.”
Energy Vault invites all of its stakeholders across the world to read its 2023 Sustainability Report at the following link: Sustainability Report 2023
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Renewable energy Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Michael Beer as Chief Financial Officer.
Key Points:
- Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Michael Beer as Chief Financial Officer.
- View the full release here: https://www.businesswire.com/news/home/20240404851008/en/
Energy Vault Appoints Michael Beer as Chief Financial Officer (Photo: Business Wire)
Prior to Energy Vault, Beer served as Chief Financial Officer for FreeWire Technologies, Inc. (FreeWire), an industry leader in ultra-fast EV charging, battery storage and energy management solutions, since 2021.
- “We’re very pleased to welcome Michael, whose depth of experience overseeing capital markets, financial operations and investor relations for high growth technology and sustainability companies will be critical to Energy Vault moving forward,” said Robert Piconi, Chairman and Chief Executive Officer, Energy Vault.
- Energy Vault has a comprehensive and highly differentiated approach, offering a variety of energy storage solutions.
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Energy Vault Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on March 27, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 162,500 shares of its common stock to 10 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”).
Key Points:
- Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on March 27, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 162,500 shares of its common stock to 10 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”).
- The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.
- The Inducement Award Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Energy Vault, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Energy Vault, pursuant to New York Stock Exchange Listing Rule 303A.08.
- The restricted stock units are subject to the terms and conditions of the Inducement Award Plan and the terms of the restricted stock unit award agreement covering the grant.
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Electric battery Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.
Key Points:
- Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.
- Battery energy storage execution and outlook are strong:
Began Commercial Operations of the Stanton Battery Energy Storage System with Wellhead and W Power.
- Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
- Reached substantial completion on our 440 MWh battery energy storage system with NV Energy as of December 2023 and expect to achieve final completion in the first quarter 2024.
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Thursday, February 29, 2024
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Renewable energy The latter two projects were previously announced alongside four other deployments in China, and are being built adjacent to renewable energy generation and national grid interconnection sites.
Key Points:
- The latter two projects were previously announced alongside four other deployments in China, and are being built adjacent to renewable energy generation and national grid interconnection sites.
- Upon completion, the systems will augment and support ongoing balancing of China’s national energy grid through the storage and delivery of renewable energy.
- These energy storage durations are expected to increase over time as more renewable energy generation becomes a larger percentage of grid power.
- “I am pleased to see the increased market adoption of Energy Vault’s gravity energy storage technology in China, the world’s largest energy storage market supported by the new project groundbreaking announcements and other milestones within China’s national energy policy framework for energy storage,” said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault.
