Mentioned:
Energy Vault is rolling up promising battery storage projects throughout America. Which is exactly why they’re just made a new acquisition in Texas.
What’s happening:
- Energy Vault (NYSE: NRGV) has purchased a 175 megawatt battery storage project located near Dallas, Texas
Why it matters:
- Energy Vault has publicly stated the new project is expected to deliver more than $15M USD in annual revenue once it becomes fully operational
Going deeper:
- Energy Vault purchased the new battery storage project known as the McMurtre BESS Project from Belltown Power which is strategically located in the ERCOT North market that provides electricity to the Dallas area
- Between assets that have been acquired, are under construction and fully operational Energy Vault now has 715 megawatts of total power capacity within their subsidiary Asset Vault’s platform
