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Stock impact report

Energy Vault, ACEN Australia Announce Agreement for 400 MWh of Battery Energy Storage Deployments [Yahoo! Finance]

Energy Vault Holdings, Inc. (NRGV) 
Company Research Source: Yahoo! Finance
The 50 MW/100 MWh and 150 MW/300 MWh New England Solar BESS deployments will begin construction in the second half of 2024 with the start of commercial operations expected in 2025 Agreement with one of Australia's largest renewable energy producers represents execution of Energy Vault's long term strategy and investment commitments to energy storage for the Australian market WESTLAKE VILLAGE, Calif. & NEW SOUTH WALES, Australia, May 09, 2024 BUSINESS WIRE )--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. The agreements are under final contract procedural preparation, and expected to be executed and closed formally within Show less Read more
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