$18 million project financing continues quarterly string of returning cash back to Energy Vault’s balance sheet following prior year equity investments in new “Owned and Operate” assets
The Cross Trails BESS, completed and brought to full commercial operation in June 2025, is supported by a 10 year off-take agreement with Gridmatic
An additional $12+ million in Federal Investment Tax Credit-related funds are expected to be received later this quarter via a previously executed ITC sale agreement
Enabling a sustainable world with renewable energy.
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Press Release
Energy Storage Group Closes Financing for Texas BESS Project