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Energy Vault Announces Supply of B-Vault Energy Storage System and Start Commercial Operations of 100MW/200MWh Jupiter Power Battery Energy Storage System at St. Gall

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Energy Vault (NYSE: NRGV) has announced the successful deployment of its B-Vault AC block and VaultOS Energy Management System to support Jupiter Power's St. Gall Battery Energy Storage System (BESS) in Fort Stockton, Texas. The 100 MW/200 MWh BESS, now fully operational, provides energy and ancillary services to the Electric Reliability Council of Texas (ERCOT). Energy Vault served as the EPC contractor and system integrator, with plans for a second BESS deployment. The system uses Energy Vault's X-Vault platform and UL9540 certified B-Vault product, offering flexibility with both AC and DC configurations. This milestone extends the partnership between Energy Vault and Jupiter Power, who previously agreed to deploy 2.4 GWh of energy storage solutions. Energy Vault's portfolio now includes over 2 GWh of projects, demonstrating growing adoption of its B-Vault product.

Energy Vault (NYSE: NRGV) ha annunciato il successo del deployment del suo sistema B-Vault AC block e del VaultOS Energy Management System per supportare il sistema di stoccaggio dell'energia della batteria St. Gall di Jupiter Power, situato a Fort Stockton, Texas. Il BESS con una capacità di 100 MW/200 MWh, ora completamente operativo, fornisce energia e servizi ausiliari all'Electric Reliability Council of Texas (ERCOT). Energy Vault ha svolto il ruolo di appaltatore EPC e integratore di sistema, con piani per un secondo deployment del BESS. Il sistema utilizza la piattaforma X-Vault di Energy Vault e il prodotto B-Vault certificato UL9540, offrendo flessibilità sia con configurazioni AC che DC. Questo traguardo estende la partnership tra Energy Vault e Jupiter Power, che in precedenza aveva concordato di implementare 2,4 GWh di soluzioni di stoccaggio dell'energia. Il portafoglio di Energy Vault ora include oltre 2 GWh di progetti, dimostrando una crescente adozione del suo prodotto B-Vault.

Energy Vault (NYSE: NRGV) ha anunciado el exitoso despliegue de su sistema B-Vault AC block y del sistema de gestión de energía VaultOS para apoyar el Sistema de Almacenamiento de Energía de Baterías St. Gall de Jupiter Power en Fort Stockton, Texas. El BESS de 100 MW/200 MWh, que ahora está completamente operativo, proporciona energía y servicios auxiliares al Consejo de Fiabilidad Eléctrica de Texas (ERCOT). Energy Vault actuó como contratista EPC e integrador del sistema, con planes para un segundo despliegue de BESS. El sistema utiliza la plataforma X-Vault de Energy Vault y el producto B-Vault certificado UL9540, ofreciendo flexibilidad tanto en configuraciones AC como DC. Este hito extiende la asociación entre Energy Vault y Jupiter Power, que anteriormente acordaron implementar 2,4 GWh de soluciones de almacenamiento de energía. El portafolio de Energy Vault ahora incluye más de 2 GWh de proyectos, demostrando una creciente adopción de su producto B-Vault.

Energy Vault (NYSE: NRGV)는 텍사스 포트 스톡턴에 위치한 Jupiter Power의 St. Gall 배터리 에너지 저장 시스템(BESS)을 지원하기 위해 B-Vault AC 블록과 VaultOS 에너지 관리 시스템의 성공적인 배치를 발표했습니다. 이제 완전 가동 중인 100 MW/200 MWh BESS는 텍사스 전기 신뢰성 위원회(ERCOT)에 에너지 및 보조 서비스를 제공합니다. Energy Vault는 EPC 계약자 및 시스템 통합자로 활동했으며, 두 번째 BESS 배치를 위한 계획도 가지고 있습니다. 이 시스템은 Energy Vault의 X-Vault 플랫폼과 UL9540 인증 B-Vault 제품을 사용하여 AC 및 DC 구성 모두에서 유연성을 제공합니다. 이 이정표는 Energy Vault와 Jupiter Power 간의 파트너십을 확장하며, 이전에 2.4 GWh의 에너지 저장 솔루션을 배치하기로 합의했습니다. Energy Vault의 포트폴리오는 이제 2 GWh 이상의 프로젝트를 포함하여 B-Vault 제품이 점점 더 많이 채택되고 있음을 보여줍니다.

Energy Vault (NYSE: NRGV) a annoncé le déploiement réussi de son système B-Vault AC block et du système de gestion de l'énergie VaultOS pour soutenir le système de stockage d'énergie par batteries St. Gall de Jupiter Power à Fort Stockton, Texas. Le BESS de 100 MW/200 MWh, désormais entièrement opérationnel, fournit de l'énergie et des services auxiliaires au Conseil de fiabilité électrique du Texas (ERCOT). Energy Vault a agi en tant qu'entrepreneur EPC et intégrateur de système, avec des projets pour un second déploiement de BESS. Le système utilise la plateforme X-Vault d'Energy Vault et le produit B-Vault certifié UL9540, offrant une flexibilité tant pour les configurations AC que DC. Ce jalon prolonge le partenariat entre Energy Vault et Jupiter Power, qui avaient précédemment convenu de déployer 2,4 GWh de solutions de stockage d'énergie. Le portefeuille d'Energy Vault comprend désormais plus de 2 GWh de projets, démontrant une adoption croissante de son produit B-Vault.

Energy Vault (NYSE: NRGV) hat den erfolgreichen Einsatz seines B-Vault AC Block-Systems und des VaultOS Energy Management Systems bekannt gegeben, um das St. Gall Battery Energy Storage System (BESS) von Jupiter Power in Fort Stockton, Texas, zu unterstützen. Das 100 MW/200 MWh BESS, das jetzt vollständig in Betrieb ist, liefert Energie und Nebenleistungen an den Electric Reliability Council of Texas (ERCOT). Energy Vault fungierte als EPC-Auftragnehmer und Systemintegrator und plant die Umsetzung eines zweiten BESS. Das System nutzt die X-Vault-Plattform von Energy Vault und das UL9540-zertifizierte B-Vault-Produkt und bietet Flexibilität sowohl in AC- als auch in DC-Konfigurationen. Dieser Meilenstein erweitert die Partnerschaft zwischen Energy Vault und Jupiter Power, die zuvor vereinbart hatten, 2,4 GWh an Energiespeicherlösungen bereitzustellen. Das Portfolio von Energy Vault umfasst jetzt über 2 GWh an Projekten und zeigt eine wachsende Akzeptanz des B-Vault-Produkts.

Positive
  • Successful deployment of 100 MW/200 MWh St. Gall Battery Energy Storage System.
  • Commercial operations commenced, providing energy to ERCOT.
  • Energy Vault's role as EPC contractor and system integrator.
  • Expansion of partnership with Jupiter Power for 2.4 GWh of energy storage solutions.
  • Energy Vault's portfolio exceeds 2 GWh of deployed or developing projects.
Negative
  • None.

Built with Energy Vault’s proprietary B-Vault AC block and managed by the VaultOS Energy Management System, the St. Gall Battery Energy Storage System (BESS) is fully grid-connected, providing clean power and improving grid resiliency in Fort Stockton, Texas area

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the successful deployment of its proprietary B-Vault AC block and VaultOS™ Energy Management System supporting Jupiter Power’s St. Gall Battery Energy Storage System (BESS).

Located near Fort Stockton, Texas, the 100 MW/200 MWh BESS is providing energy and ancillary services to the Electric Reliability Council of Texas (ERCOT) and has commenced full-scale commercial operations.

Energy Vault served as the engineering, procurement, construction and commissioning (EPC) contractor and system integrator for the project and will deliver the second BESS deployment. Both BESS systems are built with Energy Vault’s proprietary X-Vault integration platform using Energy Vault’s proprietary UL9540 certified B-VAULT™ product, and Vault-OS Energy Management System to control, manage and optimize the BESS operations. Energy Vault’s innovative system architecture provides customer optionality with both battery and inverter suppliers, while unique AC-coupled and DC-coupled configurations provide the drop-in flexibility needed for any project.

"Jupiter Power is proud to continue providing critically needed dispatchable capacity to the ERCOT market with projects like our St. Gall BESS,” said Michael Geier, Chief Technology Officer, Jupiter Power. “The Energy Vault team’s deep expertise and collaborative approach were critical to the rapid design and commissioning of this unique, AC-coupled BESS configuration.”

“The streamlined commissioning process and delivery of the St. Gall BESS, as well as Jupiter Power’s decision to expand this partnership, are direct results of not only Energy Vault’s commitment to a customer-centric approach, but of Jupiter Power’s strong understanding of market dynamics and our AC block solution specifically,” said Akshay Ladwa, Chief Engineering Officer, Energy Vault. “This is an important milestone in our ongoing partnership with the Jupiter Power team to deliver on a robust pipeline of BESS projects across the United States, and we would like to thank their team for serving as such excellent partners.”

Today’s announcement marks a key milestone in the ongoing collaboration between Energy Vault and Jupiter Power. In 2022, the companies announced an agreement to secure 2.4 GWh of supply chain equipment and services that will be integrated and delivered through Energy Vault's hardware and software management platform in Jupiter Power's battery energy storage projects. This announcement also serves as a demonstration of the continued momentum and adoption of Energy Vault’s B-VAULT product, coming on the heels of recently completed BESS deployments with partners such as NV Energy and Wellhead Electric/W Power, as well as a newly signed agreement with ACEN Australia. To date, Energy Vault’s B-VAULT portfolio consists of more than 2 GWh in total projects either deployed or currently in development.

About Energy Vault

Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s EVx™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.

Forward-Looking Statements

This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainly of our awards, bookings and backlogs equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on March 12, 2024, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.

Energy Vault

Investors

energyvaultIR@icrinc.com

Media

media@energyvault.com

Source: Energy Vault Holdings, Inc.

FAQ

What is Energy Vault's role in the St. Gall BESS project?

Energy Vault served as the engineering, procurement, construction, and commissioning (EPC) contractor and system integrator for the St. Gall Battery Energy Storage System (BESS).

What is the capacity of the St. Gall Battery Energy Storage System?

The St. Gall Battery Energy Storage System has a capacity of 100 MW/200 MWh.

When did the St. Gall BESS commence commercial operations?

The St. Gall Battery Energy Storage System commenced full-scale commercial operations recently.

How does the St. Gall BESS contribute to the Texas energy grid?

The St. Gall BESS provides energy and ancillary services to the Electric Reliability Council of Texas (ERCOT), enhancing grid resiliency.

How many projects are in Energy Vault's B-Vault portfolio?

Energy Vault's B-Vault portfolio consists of more than 2 GWh in total projects either deployed or currently in development.

Energy Vault Holdings, Inc.

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