Energy Vault Announces Acquisition of 150 MW Battery Energy Storage Project in Texas Under New Asset Vault Platform
Energy Vault Holdings, Inc. (NRGV)
Company Research
Source: Business Wire
SOSA BESS Project acquired from Shell’s US subsidiary Savion, representing the first energy storage asset formally acquired under Energy Vault’s recently launched Asset Vault energy asset management platformConstruction to begin immediately in Q4 2025 with planned commercial operation in Q1 2027, delivering critical grid support and renewable integration in Texas’ ERCOT North marketProject expected to deliver $17–20 million in annual revenues over the technical life of the project, or ~ $350 million+ in total, with predictable, recurring high-margin cash streamsSOSA acquisition brings Asset Vault’s total MWs acquired and in-operation to ~340 MW globally between the US- and Australia-based projects, with a funnel of 3.5 GW in active development WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the "Company"), a global leader in grid-scale energy storage solutions, today announced its acquisition and planned development of SOSA Ene
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NRGV
Earnings
- 11/10/25 - Miss
NRGV
Sec Filings
- 11/14/25 - Form 4
- 11/14/25 - Form 4
- 11/14/25 - Form 4
- NRGV's page on the SEC website