Energy Vault to deploy 200MW battery storage systems in Australia [Yahoo! Finance]
Energy Vault Holdings, Inc. (NRGV)
Company Research
Source: Yahoo! Finance
The systems total 200MW/400 megawatt hours (MWh) and will support the 720MW New England solar project near Uralla in New South Wales, one of the largest in Australia's national electricity market. Construction of the BESS projects will begin in late 2024 and commercial operations will commence in 2025 and 2026. The finalisation of contracts is underway, with formal execution expected in the first half of May 2024. The agreement includes the installation of a 50MW/100MWh BESS and a 150MW/300MWh BESS. These systems will store and dispatch renewable energy daily during peak consumption times. The New England BESS project is supported by the NSW government's emerging energy programme and aligns with ACEN's strategy to develop more than 1GW of projects in Australia. The facility completed its first stage in 2023, adding 400MW of solar capacity to the grid. Upon completion of the second stage, it will produce 1,800GWh of renewable energy annually. In 2023, ACEN Australia se
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NRGV
News
- Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08Business Wire
- Energy Vault Holdings, Inc. (NYSE: NRGV) had its price target lowered by analysts at TD Cowen from $5.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- Energy Vault, ACEN Australia Announce Agreement for 400 MWh of Battery Energy Storage Deployments [Yahoo! Finance]Yahoo! Finance
- Energy Vault, ACEN Australia Announce Agreement for 400 MWh of Battery Energy Storage DeploymentsBusiness Wire
- Energy Vault Reports First Quarter 2024 Financial ResultsBusiness Wire
NRGV
Earnings
- 5/8/24 - In-Line
NRGV
Sec Filings
- 5/17/24 - Form 4
- 5/9/24 - Form 8-K
- 5/8/24 - Form 10-Q
- NRGV's page on the SEC website