LTESA award secures up to 14 years of project revenue support to complement the expected project merchant revenues
Previously announced 1 GWh and AUD $350 million (~USD $220 million) BESS energy storage system confirmed as 8-hour duration, making it one of the first and largest long duration BESS systems announced in New South Wales (NSW)
The Stoney Creek BESS, submitted via a joint Enervest-Energy Vault Consortium bid, will provide large-scale dispatchable energy storage to balance renewable generation, enhance grid stability, and support New South Wales decarbonization targets
As outlined in the May 2024 Investor and Analyst Day, the LTESA award demonstrates successful regional expansion of Energy Vault’s 'Own & Operate' growth strategy to Australia, complementing ~2.6 GWh of previously announced projects underway in the country
Enabling a sustainable world with renewable energy.
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