Energy Vault acquires Stoney Creek BESS in New South Wales

Energy Vault has acquired the 125 MW / 1,000 MWh Stoney Creek Battery Energy Storage System from Enervest Group for USD $220 million. This project is backed by a 14-year Long Term Energy Services Agreement in New South Wales. The acquisition enhances Energy Vault's portfolio, which now includes 2.6 GWh of energy storage projects in Australia. The Stoney Creek BESS is designed to provide eight hours of dispatchable energy, supporting grid stability and renewable energy integration. Energy Vault will manage the project using its energy management system, while Enervest will continue to assist with development and stakeholder engagement. This partnership aims to ensure a smooth transition and successful project completion.