Energy Vault Expands Battery Storage Projects in Texas with Jupiter Power Partnership
Key Ideas
  • Energy Vault has commenced commercial operation of a 57-megawatt battery energy storage system in Snyder, Texas, marking their first owned and operated system in West Texas.
  • The company has also partnered with Jupiter Power Inc. to add a 100-megawatt battery energy storage system at an undisclosed location in Texas, consolidating their presence in the state.
  • This strategic shift to own and operate assets aims to enhance revenue predictability and establish Energy Vault as a significant player in specific power markets, as stated by CEO Robert Piconi.
  • Energy Vault and Jupiter Power's collaboration extends to utilizing Energy Vault's power management platform for optimizing plant operations, with plans for the new plant to come online this summer in Texas.
Energy Vault Holdings Inc., a Westlake Village-based energy storage company, has recently made significant strides in expanding its battery storage projects in Texas. The company announced the commencement of commercial operation of a 57-megawatt battery energy storage system in Snyder, Texas, marking its first owned and operated system within the region. Prior to this, Energy Vault entered into an agreement with Jupiter Power Inc., based in Austin, Texas, to install a 100-megawatt battery energy storage system at an undisclosed location in Texas. This collaboration aims to reinforce their foothold in the Lone Star state. Energy Vault's CEO, Robert Piconi, highlighted the company's strategic shift towards owning and operating assets to ensure revenue predictability and enhance their presence in targeted power markets. The partnership with Jupiter Power will leverage Energy Vault's power management platform to optimize plant operations, with plans for the new plant to contribute 100 megawatts of power to the Electric Reliability Council of Texas grid. This venture signifies Energy Vault's commitment to growth and innovation in the energy storage sector, with a focus on delivering sustainable solutions for the evolving energy landscape.
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