Energy Vault has acquired a 150MW battery energy storage system (BESS) in Texas. Meanwhile, Jupiter Power has entered an agreement with Austin Energy to provide 100MW of electricity from a BESS facility.
Energy storage developers are securing significant capital and strategic partnerships, with ESS Inc launching a 50MWh iron flow battery pilot, Energy Vault closing a US$300 million investment, and NineDot obtaining US$175 million in debt financing.
Energy storage developer and system integrator Energy Vault has successfully closed a US$18 million financing for its Cross Trails battery energy storage system (BESS) project in Scurry County, Texas, US.
In Texas, two companies, Energy Vault, recognised for its gravity energy storage technology, and Agilitas, known for smaller-scale projects in the Northeastern US, have put utility-scale energy storage projects in the state into operation.
A news roundup focusing on FlexGen’s recent partnership with Rosendin, Energy Vault and Jupiter Power’s continued development and assistance from Stem Inc. for rPlus Energies.
US grid-scale energy storage solutions provider Energy Vault claimed its diversification into new geographies and business models “shielded” its backlog from tariff risk.