Energy Vault

Member Energy Vault has announced new project financing initiatives for its asset portfolio and also announced an expansion in Australia. Energy Vault will provide project financing for the Calistoga Resiliency Centre, a first-of-its-kind hybrid hydrogen and battery energy storage system in Calistoga, CA, that is under long-term contract with utility Pacific Gas and Electric Company. By combining hydrogen and lithium-ion batteries, the 293 MWh system is designed to provide 48 hours of continuous energy with a peak instantaneous power of 8.5 MW during shutoff events. With initial project financing expected by year-end, the Calistoga facility will support a #carbon-free, community-scale microgrid capable of storing and dispatching #renewable energy to local communities. Energy Vault also announced the expansion of its operations in Australia with plans to deploy two large-scale #battery energy storage systems to support the 720 MW New England solar project near Uralla in New South Wales, with commercial operations expected to start in 2025 and 2026.    As part of these efforts, the organisation is accelerating its “Own & Operate IPP” strategy to accelerate the scaling of its asset base and provide greater efficiencies in its capital deployment and resource allocation strategies. With #LDES we can enhance grid reliability and flexibility by effectively storing and dispatching renewable energy, reducing reliance on fossil fuels and paving the way for a #sustainable clean energy future. The #Time4Action is now to ensure #3xRenewables by 2030. To learn more, click below:

Energy Vault Continues to Execute on Growth Strategy with Ownership of Energy Storage Projects and Launches Project Financing - Initial project financing for groundbreaking green hydrogen project in Calistoga, CA expected in Q4 - Process follows through on initiative first laid out during its May 2024 Investor and Analyst Day to maximize capital efficiency in its ‘Own & Operate’ IPP strategy - Management to accelerate investment strategy and increase potential capital deployment based upon significant proactive inbound investor interest Click here to read the full press release: https://hubs.la/Q02RQgy70 #EnergyVault #Renewables #EnergyStorage #BatteryStorage #RenewableEnergy

The Calistoga Resiliency Center, developed by Energy Vault, was recently featured in the San Francisco Chronicle for its first-of-its-kind hybrid hydrogen and battery #EnergyStorage system. This approach enables a cost-effective, community-scale, fully carbon-free microgrid that can store and dispatch #CleanEnergy on demand, providing reliable backup power during wildfire-related outages. Set to go live this fall, the project will combine hydrogen fuel cells and lithium-ion batteries to keep the town powered for up to 48 hours — or four days with refills. This facility provides a much-needed alternative to the unreliable diesel generators Calistoga previously relied on. The system will cut air pollution and noise, offering a cleaner, more #sustainable solution for a town that has faced multiple utility-triggered outages in recent years. “The world is watching this project, because no one’s ever done this before,” said Robert Piconi, CEO of Energy Vault. “Other towns and utilities are asking, ‘Can this microgrid concept be used to back up cities?’” The success of the Calistoga Resiliency Center could pave the way for similar projects globally, offering a scalable, sustainable energy solution for communities facing power reliability issues. As a model for future energy infrastructure, this project showcases how our technology is changing the energy storage industry. Read more: https://hubs.la/Q02Rw43D0 #EnergyVault #CalistogaResiliencyCenter #HydrogenPower #Microgrid #CleanEnergy #WildfirePreparedness #RenewableEnergy #EnergySoltuion #Hydrogen #Renewables City of Calistoga

In this episode of the Battery + Storage podcast, host William Derasmo is joined by Dr. Marco Terruzin, the chief commercial and product officer at Energy Vault. The conversation focuses on innovative #energystorage solutions, including gravity and hybrid energy storage systems, and the increasing demand for dispatchable, emission-free resources. #energylaw #podcast Tune in to learn about the priorities in energy storage and potential solutions: https://lnkd.in/eRnipBey

Energy Vault Achieves Highest 2024 ESG Score Among Energy Storage Companies in its Industry to Date from S&P Global Ratings Energy Vault has achieved a Corporate Sustainability Assessment (CSA) score of 68 out of 100 from S&P Global ESG Ratings, placing us in the 98th percentile of our industry. This marks a significant 36% improvement from our 2023 score and reflects our steadfast commitment to sustainability, innovation, and business ethics. Achieving the highest ESG score among energy storage companies within our industry showcases our dedication to integrating Environmental, Social, and Governance (ESG) principles into every facet of our operations. As we continue to provide turnkey energy storage solutions that support the global energy transition, we remain focused on driving sustainable innovation that benefits both our customers and the environment. At Energy Vault, sustainability is more than a goal—it’s a core value. We are proud of the positive impact we’re making through our advanced energy storage systems, and we look forward to continuing this journey towards a cleaner, more resilient energy future. Read more: https://hubs.la/Q02R46cG0 And learn more about our sustainability commitment: https://lnkd.in/g5DWJs6C #Sustainability #ESG #EnergyStorage #CleanEnergy #RenewableEnergy #BusinessEthics #GlobalImpact #EnergyStorage

Recently, Energy Vault showcased The Calistoga Resiliency Center (CRC), our tailored energy storage solution at the Calistoga Farmers Market, raising awareness and answering questions from the community. The CRC, a first-of-its-kind hybrid hydrogen and battery energy storage system (BESS). Designed for Pacific Gas and Electric Company PG&E enables a fully carbon-free microgrid capable of delivering 48 hours of continuous clean energy during Public Safety Power Shutoff (PSPS) events. This solution sets the benchmark for ultra-long duration energy storage, providing the community with reliable power during extreme events. Project Overview: The CRC) integrates hydrogen fuel cells and lithium-ion batteries, offering a 293MWh storage system with a peak output of 8.5MW. During PSPS events, the system powers the local microgrid using green hydrogen and fuel cells, ensuring 48 hours of uninterrupted energy. In tandem, Energy Vault’s B-VAULT™ battery provides quick response and grid-forming capabilities for stable power. This system, managed by VaultOS™, ensures seamless coordination across all subsystems, making it one of the world’s most advanced microgrid solutions. With zero greenhouse gas emissions and compliance with California’s Renewable Portfolio Standard (RPS), the Calistoga Resiliency Center is a model for sustainable energy infrastructure. If you missed us and want to learn more, contact us to learn how Energy Vault’s customer-focused solutions, like the Calistoga Resiliency Center, are shaping a resilient, clean energy future. #CleanEnergy #SustainableSolutions #EnergyStorage #BatteryStorage #GreenTechnology #RenewableEnergy #Microgrid #CarbonFree #GreenHydrogen

Last year, REPT BATTERO entered into a strategic partnership with Energy Vault, signing a supply agreement for 10GWh of battery solutions. This partnership underscores the growing collaboration between industry leaders to accelerate the global energy transition. Today, REPT BATTERO continues its commitment to the North American market by opening its first U.S. office. This location will enable REPT BATTERO to better serve North American clients with local expertise and enhanced after-sales service, while strengthening partnerships like the one with Energy Vault. At the opening ceremony, Dr. Cao Hui, Chairman and CEO of REPT BATTERO, emphasized the strategic importance of the U.S. market and the company’s focus on building an innovative team to advance the adoption of new energy storage technologies. The Inflation Reduction Act (IRA) has further bolstered domestic manufacturing by incentivizing local production of renewable technologies. REPT BATTERO’s expansion into the U.S. market aligns perfectly with this momentum, helping to secure resilient, localized supply chains and contributing to the growth of domestic renewable energy solutions. Energy Vault is proud to be a key partner in driving forward these advancements in sustainable energy. Together, we are working to build a greener future and strengthen the resilience of the energy storage market. https://lnkd.in/g8GvHxug #EnergyVault #REPTBATTERO #EnergyStorage #RenewableEnergy #CleanEnergy #GlobalExpansion #Sustainability Marco Terruzzin

Energy Vault’s H-Vault solution, the Calistoga Resiliency Center, is a first-of-its-kind hybrid #hydrogen and battery energy storage system (#BESS), enabling a cost-effective, community-scale, fully carbon-free #microgrid that stores and dispatches clean energy on demand. This innovative project, developed for Pacific Gas and Electric Company (PG&E), is designed to provide 48 hours of continuous energy and a peak instantaneous power output of 8.5 MW during regional Public Safety Power Shutoff (PSPS) events. At the core of the CRC is Energy Vault’s technology: • H-VAULT™ and B-VAULT™: Integrating hydrogen fuel cells and lithium-ion batteries for unmatched #EnergyStorage and dispatch capabilities. • VaultOS™ Energy Management System (EMS): Managing the seamless operation and coordination of all project subsystems, ensuring a stable power supply and zero point-source greenhouse gas emissions. We invite you to join our session at RE+ to learn more about the Calistoga Resiliency Center: Session Title: Solving Ultra Long Duration Storage Needs with Microgrid Solutions; The Calistoga Resiliency Center in California Date: Wednesday, September 11, 2024 Time: 1:00 PM - 1:25 PM Location: Storage Central Theater, Booth #50095, Hall B, Level 1, Anaheim Convention Center &   Time: 2:30 PM - 2:55 PM Location: Grid Edge Theater, Booth #A61027, Hall A, Level 1, Anaheim Convention Center Speaker: Tatiana Stein, MS,MBA Stein – Senior Project Manager, Energy Vault Discover how our solutions can transform your energy projects and ensure a resilient, clean energy future for communities like Calistoga. #REPlus24 #Solar #CleanEnergy #EnergyVault #CalistogaResiliencyCenter #NRGV

In the fast-paced energy storage industry, your projects require cutting-edge battery and software solutions — and we have exactly what you need. Energy Vault is setting the standard for #EnergyStorage system integration with world-class projects that deliver on time and within budget. Meet our team of experts at RE+ 2024 to discover how our industry expertise, utility-scale battery, and EMS solutions can set your next project apart. Whether you need short, long, or ultra-long duration storage, we provide tailored hardware and software solutions that meet your specific needs. Learn more about VaultOS™, our Next Generation Energy Management Software: Energy Vault’s VaultOS™ optimizes the management and control of your energy storage assets, leveraging the latest in energy management software. Want a live demonstration at RE+? Schedule a meeting with our team to see how we can streamline your battery assets and portfolios. Our Solution Portfolio Includes: • Hardware: B-VAULT™ (short duration), G-VAULT™ (long duration), H-VAULT™ (ultra-long duration) • Software: VaultOS™, Vault-Bidder™, and Vault-Manager™ • Service: Long-term service offerings to ensure the performance and availability of your assets Schedule a Meeting Today to learn how Energy Vault’s customer-driven solutions can tackle your complex needs with flexible, diversified approaches across all durations. We look forward to connecting with you at RE+ 2024! https://lnkd.in/gF5tJajF #RenewableEnergy #Batteries #BatterySolutions #EnergyVault #CleanEnergy #REPlus24 #NRGV #solar

Energy Vault will be attending #RePlus 2024 in Anaheim, CA from September 9-12. RE+ 24 brings the modern energy industry together to foster a cleaner future and marks its 20th year as the largest and most comprehensive event in North America for the #CleanEnergy industry. The future of #EnergyStorage is key to the success of renewable energy. As solar and wind power continue to grow, energy storage systems (ESS) become crucial for addressing the intermittency of these sources. ESS not only ensure a reliable and stable power supply but also support ambitious sustainability goals. Our VaultOS™ EMS provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets. The user interface makes it easy for customers to securely manage a single asset, hybrid power plant, or fleet of resources at a glance while minimizing operational costs. Join us at RE+ to learn more about how our solutions and software can power your projects and contribute to a sustainable energy future! Learn more: https://lnkd.in/gCM5HRhm #REPlus24 #Solar #RenewableEnergy #BatteryStorage #EnergyVault