Energy Vault Begins Construction of Battery Energy Storage Deployment at ACEN Australia’s New England Solar
Energy Vault (NYSE: NRGV) has begun construction of its first Battery Energy Storage System (BESS) in Australia at ACEN Australia's New England Solar project. The deployment consists of a 200 MW/2 hour battery system, marking the first of two planned installations at the 720 MW facility near Uralla, New South Wales.
The BESS will be the first large-scale battery storage project of its kind in the New England Region, supported by the NSW Government's Emerging Energy Program. The system will operate daily to dispatch stored renewable energy during peak consumption hours, helping reduce reliance on coal-fired power generation.
The project features Energy Vault's B-VAULT™ integrated battery solutions, coupled with a special inverter for advanced grid support functionalities. The system will be managed by Energy Vault's X-Vault integration platform and Vault-OS Energy Management System. This deployment adds to Energy Vault's growing Australian portfolio, which now includes 1.9GWh in previously announced projects.
Energy Vault (NYSE: NRGV) ha avviato la costruzione del suo primo Sistema di Accumulo Energetico a Batteria (BESS) in Australia presso il progetto solare New England di ACEN Australia. L'installazione consiste in un sistema di batterie da 200 MW/2 ore, segnando il primo di due impianti pianificati presso l'impianto da 720 MW vicino a Uralla, nel New South Wales.
Il BESS sarà il primo progetto di accumulo di batterie su larga scala della sua categoria nella regione di New England, supportato dal Programma di Energia Emergente del Governo del NSW. Il sistema funzionerà quotidianamente per distribuire energia rinnovabile immagazzinata durante le ore di consumo di picco, contribuendo a ridurre la dipendenza dalla generazione di energia a carbone.
Il progetto presenta le soluzioni integrate di batterie B-VAULT™ di Energy Vault, abbinate a un inverter speciale per funzionalità avanzate di supporto alla rete. Il sistema sarà gestito dalla piattaforma di integrazione X-Vault di Energy Vault e dal Sistema di Gestione Energetica Vault-OS. Questa installazione si aggiunge al crescente portafoglio australiano di Energy Vault, che ora include 1,9GWh in progetti precedentemente annunciati.
Energy Vault (NYSE: NRGV) ha comenzado la construcción de su primer Sistema de Almacenamiento de Energía en Batería (BESS) en Australia en el proyecto solar New England de ACEN Australia. La implementación consiste en un sistema de baterías de 200 MW/2 horas, marcando el primero de dos instalaciones planificadas en la instalación de 720 MW cerca de Uralla, Nueva Gales del Sur.
El BESS será el primer proyecto de almacenamiento de baterías a gran escala de su tipo en la región de New England, respaldado por el Programa de Energía Emergente del Gobierno de NSW. El sistema funcionará diariamente para despachar energía renovable almacenada durante las horas de consumo máximo, ayudando a reducir la dependencia de la generación de energía a base de carbón.
El proyecto cuenta con las soluciones de baterías integradas B-VAULT™ de Energy Vault, combinadas con un inversor especial para funcionalidades avanzadas de soporte a la red. El sistema será gestionado por la plataforma de integración X-Vault de Energy Vault y el Sistema de Gestión Energética Vault-OS. Esta implementación se suma al creciente portafolio australiano de Energy Vault, que ahora incluye 1.9GWh en proyectos previamente anunciados.
Energy Vault (NYSE: NRGV)는 ACEN 호주의 뉴잉글랜드 태양광 프로젝트에서 호주 최초의 배터리 에너지 저장 시스템(BESS) 건설을 시작했습니다. 이 배치에는 200 MW/2시간 배터리 시스템이 포함되어 있으며, 이는 뉴사우스웨일스주 우랄라 근처의 720 MW 시설에 계획된 두 개 설치 중 첫 번째를 의미합니다.
BESS는 NSW 정부의 신흥 에너지 프로그램의 지원을 받아 뉴잉글랜드 지역에서 최초의 대규모 배터리 저장 프로젝트가 될 것입니다. 이 시스템은 피크 소비 시간 동안 저장된 재생 에너지를 배출하기 위해 매일 운영되어 석탄 화력 발전에 대한 의존도를 줄이는 데 도움을 줄 것입니다.
이 프로젝트는 Energy Vault의 B-VAULT™ 통합 배터리 솔루션과 고급 그리드 지원 기능을 위한 특수 인버터를 특징으로 합니다. 이 시스템은 Energy Vault의 X-Vault 통합 플랫폼과 Vault-OS 에너지 관리 시스템에 의해 관리됩니다. 이 배치는 Energy Vault의 성장하는 호주 포트폴리오에 추가되며, 현재 1.9GWh의 이전에 발표된 프로젝트를 포함하고 있습니다.
Energy Vault (NYSE: NRGV) a commencé la construction de son premier Système de Stockage d'Énergie par Batterie (BESS) en Australie, dans le cadre du projet solaire New England d'ACEN Australia. Le déploiement consiste en un système de batterie de 200 MW/2 heures, marquant la première de deux installations prévues sur le site de 720 MW près d'Uralla, en Nouvelle-Galles du Sud.
Le BESS sera le premier projet de stockage de batteries à grande échelle de ce type dans la région de New England, soutenu par le Programme d'Énergie Émergente du gouvernement de la Nouvelle-Galles du Sud. Le système fonctionnera quotidiennement pour distribuer l'énergie renouvelable stockée pendant les heures de consommation de pointe, contribuant ainsi à réduire la dépendance à la génération d'énergie à partir du charbon.
Le projet comprend les solutions de batteries intégrées B-VAULT™ d'Energy Vault, associées à un onduleur spécial pour des fonctionnalités avancées de soutien au réseau. Le système sera géré par la plateforme d'intégration X-Vault d'Energy Vault et le Système de Gestion Énergétique Vault-OS. Ce déploiement s'ajoute au portefeuille australien en pleine croissance d'Energy Vault, qui comprend désormais 1,9 GWh de projets précédemment annoncés.
Energy Vault (NYSE: NRGV) hat mit dem Bau seines ersten Batterie-Energiespeichersystems (BESS) in Australien im Solarprojekt New England von ACEN Australien begonnen. Die Installation besteht aus einem 200 MW/2 Stunden Batteriesystem und stellt die erste von zwei geplanten Installationen in der 720 MW Anlage nahe Uralla, New South Wales, dar.
Das BESS wird das erste großangelegte Batteriespeicherprojekt seiner Art in der New England Region sein, unterstützt durch das Emerging Energy Program der NSW-Regierung. Das System wird täglich betrieben, um gespeicherte erneuerbare Energie während der Spitzenverbrauchszeiten bereitzustellen und so die Abhängigkeit von der Kohleverstromung zu verringern.
Das Projekt umfasst die integrierten Batteriesystemlösungen B-VAULT™ von Energy Vault, kombiniert mit einem speziellen Wechselrichter für fortschrittliche Netzunterstützungsfunktionen. Das System wird über die X-Vault-Integrationsplattform und das Vault-OS-Energiemanagementsystem von Energy Vault verwaltet. Diese Implementierung erweitert das wachsende australische Portfolio von Energy Vault, das nun 1,9 GWh an zuvor angekündigten Projekten umfasst.
- First large-scale BESS deployment in New England Region of NSW
- Project supported by NSW Government's Emerging Energy Program
- Growing Australian portfolio reaching 1.9GWh in announced projects
- Integration of advanced grid support functionalities
- None.
Insights
The initiation of Energy Vault's first Australian BESS project represents a strategic breakthrough in one of the world's most promising renewable energy markets. The 200 MW/2-hour system deployment at New England Solar carries multiple significant implications:
The project showcases Energy Vault's technological capabilities through its B-VAULT™ solution suite, featuring advanced grid support functionalities that address critical infrastructure needs. The specialized inverter technology, combined with proprietary control systems, positions Energy Vault as a premium provider in the high-end BESS segment, where grid stability and reliability command premium pricing.
This deployment's strategic importance extends beyond its technical specifications. Being the first large-scale BESS project supported by NSW's Emerging Energy Program demonstrates strong government backing and validates Energy Vault's technology. This public sector endorsement could accelerate future project acquisitions, particularly given Australia's aggressive renewable energy transition goals.
The company's growing 1.9GWh project portfolio in Australia, including agreements with Enervest and the Victorian government's State Electricity Commission, indicates strong market penetration. This diversified customer base across private and public sectors reduces execution risk and enhances revenue visibility.
The partnership model with First Nations communities, particularly the Anaiwan people, establishes a valuable precedent for future developments. This approach addresses social license considerations that are increasingly critical for large-scale energy infrastructure projects in Australia and globally.
However, execution will be key. The daily charge-discharge cycles and peak load management requirements will stress-test Energy Vault's technology and operational capabilities. Success here could establish the company as a preferred provider for similar projects across Australia's National Electricity Market.
Start of construction marks a major milestone for Energy Vault as the company begins its first mobilization of a Battery Energy Storage System (BESS) in the Australian market
Energy Vault, ACEN Australia joined by local officials and Anaiwan First Nations leaders for welcome ceremony at New England Solar in
Left to right: Robert Piconi, Energy Vault Chairman and CEO; Lucas Sadler, Energy Vault Vice President Sales Asia; Tim Greenaway, ACEN Australia Head of Construction and Engineering; Sarah Donnan, ACEN Australia NES Project Director. (Photo: Business Wire)
Construction has begun on the first of two previously announced Energy Vault deployments at ACEN Australia’s 720 MW New England Solar project near Uralla,
The welcome event, held on-site, featured remarks from Energy Vault and ACEN Australia representatives, including Energy Vault Chief Executive Officer & Chairman Robert Piconi and ACEN Australia’s Head of Construction and Engineering, Tim Greenaway, as well as welcome speeches and storytelling from local Anaiwan First Nations leaders. In addition to remarks and storytelling, Anaiwan First Nations representatives conducted a traditional sweating ceremony to commemorate the groundbreaking, which was followed by Mr. Piconi officially breaking ground on the site. New England Solar is being built with the strong partnership of the Anaiwan First Nations.
“Today’s groundbreaking is a significant milestone for Energy Vault’s rapidly growing commercial footprint in
“As New England Solar progresses toward completion, we are fortunate to not only have the opportunity to partner with the Energy Vault team in the development of energy storage systems, but to have the strong support and partnership of the Anaiwan First Nations and local community,” said Tim Greenaway, Head of Construction, ACEN Australia. “It is our goal to reliably provide clean power in the most efficient and cost-effective manner possible, and today we are one step close to achieving that mission.”
The BESS deployments, developed under Energy Vault’s B-VAULT™ suite of fully integrated battery energy storage solutions, will be coupled with a special inverter, which enables advanced grid support functionalities such as voltage and frequency ride-through, grid support during disturbances, and reactive power control. The use of the special inverter, combined with Energy Vault’s proprietary X-Vault integration platform and Vault-OS Energy Management System to control, manage and optimize the BESS operations, will allow for superior energy management capabilities.
The mobilization of this BESS deployment represents a critical milestone for Energy Vault’s growing commercial footprint in the Australian market, following a series of recent agreements, including with Enervest and the Victorian government-owned State Electricity Commission (SEC). To date, Energy Vault’s B-VAULT portfolio in the Australian market consists of 1.9GWh in previously announced projects.
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 G-Vault™ 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.
About ACEN Australia
ACEN Australia is the platform representing ACEN’s renewable energy assets in
New England Solar (Stage 1) in NSW is ACEN Australia’s first operational project which commenced generating in 2023. Stubbo Solar in the NSW Central West Orana Renewable Energy Zone is ACEN Australia’s second project, which is currently being commissioned and will be in full operation by mid 2025.
With 100+ employees and growing, our people are based in
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, including the New England BESS. 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 the failure to execute definitive agreements, 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, backlog, timing of permits and developed pipeline 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 13, 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.
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