Energy Vault and Enervest have formed a partnership to develop a 1GWh energy-storage project in New South Wales, Australia.
Energy Vault said it has entered into an agreement with Enervest for the deployment of the battery energy storage system (BESS) at the Stoney Creek site.
The parties are finalising the development and grid application approvals necessary to reach a full final investment decision.
The Stoney Creek project is intended to deliver flexible, grid-scale energy storage, thereby enhancing the efficiency of renewable energy generation, improving the stability of the New South Wales power grid and reducing its carbon footprint.
Energy Vault will serve as the turnkey engineering, procurement, construction and commissioning partner and system integrator for the project, and will also provide long-term services, software and maintenance support over the life of the project.
Ross Warby, CEO of Enervest, said: “We value strong partnerships such as the one we have with Energy Vault and consider such collaborations as cornerstone to accelerated, quality project development.
“We look forward to consolidating further partnerships with other key stakeholders including the Narrabri local and indigenous community, and the successful delivery of the project.”
Robert Piconi, chairman of the board and CEO of Energy Vault, said: “We continue to expand and convert on our growing, multi-GWh funnel of energy storage projects in Australia and look forward to building the partnership with Ross and his team at Enervest.
“With Enervest, we share a focus on large scale and financially attractive projects to enhance grid resiliency, and the Stoney Creek project is another example of executing to the growth plans that we have outlined for 2025 and beyond.”
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