10:07 AM EDT, 04/09/2026 (MT Newswires) -- Energy Vault ( NRGV ) said Thursday it has signed a binding agreement to buy a pipeline of battery energy storage system, or BESS, projects in Japan from a local company.

Financial details were not provided.

The deal includes the integration of a local team and the acquisition of an 850-megawatt BESS development portfolio, the company said.

The portfolio includes 350 megawatts of BESS projects expected to start construction in H2 2027 and reach commercial operations in H2 2028, Energy Vault ( NRGV ) said, adding it also includes 500 megawatts of early-stage BESS projects.

Energy Vault ( NRGV ) shares were up 2% in morning trading.

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