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Partnerships
Energy Vault partners with ACEN Australia to deploy 400 MWh of battery storage in Australia
Alternative Energy
Jun 3, 2024
Older updates:
Partnerships
Energy Vault inks global gravity energy storage partnership with Skidmore, Owings & Merrill (SOM)
Alternative Energy
May 30, 2024
Product updates
Energy Vault announces commissioning of first EVx 100 MWh gravity energy storage system
Alternative Energy
May 7, 2024
Partnerships
Energy Vault and NV Energy begin operations of 220 MW BESS system in Nevada
Alternative Energy
Apr 25, 2024
Partnerships
Geographic expansion
Energy Vault expands operations in Southern Africa
Alternative Energy
Jan 25, 2024
Partnerships
Energy Vault partners with KORE Power on major supply agreement
Alternative Energy
Aug 9, 2023
Earnings/results
Energy Vault’s Q1 2023 revenue drops 70% YoY
Alternative Energy
May 12, 2023
Earnings/results
Energy Vault reports Q4 2022 and full-year results
Alternative Energy
Mar 9, 2023
Earnings/results
Energy Vault’s operating loss up 545% YoY in Q3 2022
Alternative Energy
Nov 14, 2022
Partnerships
Energy Vault to deploy a 500 MWh BESS in Australia
Alternative Energy
Oct 27, 2022
Alternative Energy

Alternative Energy

Jun 3, 2024

Energy Vault partners with ACEN Australia to deploy 400 MWh of battery storage in Australia

Partnerships

  • Energy Vault, a Swiss NYSE-listed gravity-based, long-duration energy storage company, has executed a contract with ACEN Australia, a renewable asset developer, for two battery energy storage systems (BESS), totaling 400 MWh in Australia.

  • As such, Energy Vault has signed engineer, procure, and construct (EPC) and operate and maintain (O&M) agreements with ACEN for the procurement, construction, operation, and maintenance of ACEN’s 200 MW/400 MWh BESS at its New England Solar project.

  • Furthermore, Energy Vault will lead the construction of ACEN Australia’s New England BESS in New South Wales. The project is expected to begin in 2024 and be operational by 2026.

  • Analyst QuickTake: This is the second time this year that Energy Vault is making efforts to expand its geographic presence. In January 2024 , Energy Vault signed a licensing and royalty agreement with Gravity Energy Storage Solutions (GESSOL) in the Southern African Development Community (SADC). Through the agreement, GESSOL will deploy Energy Vault's gravity energy storage systems and VaultOS energy management system in the SADC region.

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