BRIEF-Energy Vault Announces Acquisition of 150 MW Battery Energy Storage Project in Texas Under New Asset Vault Platform-March 2024-www.financetom.com

BRIEF-Energy Vault Announces Acquisition of 150 MW Battery Energy Storage Project in Texas Under New Asset Vault Platform

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BRIEF-Energy Vault Announces Acquisition of 150 MW Battery Energy Storage Project in Texas Under New Asset Vault Platform

Oct 23, 2025 6:25 AM

Oct 23 (Reuters) - Energy Vault Holdings Inc ( NRGV ):

* ENERGY VAULT ANNOUNCES ACQUISITION OF 150 MW BATTERY

ENERGY

STORAGE PROJECT IN TEXAS UNDER NEW ASSET VAULT PLATFORM

* ENERGY VAULT HOLDINGS INC ( NRGV ) - CONSTRUCTION TO BEGIN IN Q4

2025,

OPERATION IN Q1 2027

* ENERGY VAULT HOLDINGS INC ( NRGV ) - PROJECT EXPECTED TO DELIVER

$17-$20

MILLION IN ANNUAL REVENUES OVER TECHNICAL LIFE OF PROJECT, OR ~

$350 MILLION+ IN TOTAL

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