Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Nikola’s Hydrogen Dreams Dissolve as Assets Head to Auction Block
  • EnviaM ‘Green Bridge’ Exit Underscores Challenges for Germany’s Green Hydrogen Plans
  • French Audit Court Warns Hydrogen Strategy Is ‘Ambitious but Unrealistic,’ Flags Funding Misalignment
  • Alleged Climate Lawsuit Funding Sparks Industrial Backlash Amid Hydrogen Policy Tensions
  • China Approves $780M Green Hydrogen Project in Bayannur as Industry Eyes Scale and Storage
  • Fortescue Shifts Focus from Green Hydrogen as Key Executive Departs Amid Strategic Recalibration
  • McPhy Struggles to Attract Buyers Before Liquidation Looms
  • New NEXO Launches Amid Structural Headwinds in South Korea’s Hydrogen Mobility Push
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Energy Storage
energy

US Energy Vault Acquires Australian Energy Storage System from Enervest

Anela DoksoBy Anela Dokso19/03/20252 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

The energy storage sector in Australia is witnessing a strategic shift as US-based Energy Vault Holdings acquires the monumental Stoney Creek Battery Energy Storage System (BESS) from the Enervest Group.

The BESS, a 125 megawatt (MW) / 1,000 megawatt hour (MWh) system, is a crucial element in New South Wales’ renewable energy landscape, albeit no purchase price has been publicly disclosed. It is, however, known to carry a construction valuation pegged at US$220 million (A$350 million).

This acquisition marks a pivotal step for Energy Vault, aligning with their strategy to bolster their “own and operate” growth model within Australia’s burgeoning renewable energy market. The transaction’s completion underscores Energy Vault’s commitment to enhancing grid resilience through long-duration storage solutions, addressing a critical energy need as the country intensifies its pivot to clean energy.

The Stoney Creek BESS, underpinned by a 14-year Long-Term Energy Service Agreement (LTESA) sanctioned by the Australian Energy Market Operator, is set to deliver durable and economically viable revenue channels. The LTESA model offers a pathway to stability and projected high cash flow, crucial components for any energy storage enterprise looking to thrive amidst fluctuating market conditions.

In financial markets, shares in Energy Vault experienced a dip, closing at US$0.90, with a market capitalization reported at approximately $136.92 million. This recent movement reflects market anticipation of how the Stoney Creek acquisition will influence Energy Vault’s financial performance amidst broader industry shifts.


Stay updated on the latest in energy! Follow us on LinkedIn, Facebook, and X for real-time news and insights. Don’t miss out on exclusive interviews and webinars—subscribe to our YouTube channel today! Join our community and be part of the conversation shaping the future of energy.

energy storage
Share. LinkedIn Twitter Facebook Email

Related Posts

Nikola’s Hydrogen Dreams Dissolve as Assets Head to Auction Block

Nikola’s Hydrogen Dreams Dissolve as Assets Head to Auction Block

11/06/2025
hydrogen

EnviaM ‘Green Bridge’ Exit Underscores Challenges for Germany’s Green Hydrogen Plans

11/06/2025
hydrogen

French Audit Court Warns Hydrogen Strategy Is ‘Ambitious but Unrealistic,’ Flags Funding Misalignment

11/06/2025
Green Hydrogen

Alleged Climate Lawsuit Funding Sparks Industrial Backlash Amid Hydrogen Policy Tensions

11/06/2025
hydrogen

China Approves $780M Green Hydrogen Project in Bayannur as Industry Eyes Scale and Storage

11/06/2025
McPhy Struggles to Attract Buyers Before Liquidation Looms

McPhy Struggles to Attract Buyers Before Liquidation Looms

10/06/2025
Nikola’s Hydrogen Dreams Dissolve as Assets Head to Auction Block

Nikola’s Hydrogen Dreams Dissolve as Assets Head to Auction Block

11/06/2025
hydrogen

EnviaM ‘Green Bridge’ Exit Underscores Challenges for Germany’s Green Hydrogen Plans

11/06/2025
hydrogen

French Audit Court Warns Hydrogen Strategy Is ‘Ambitious but Unrealistic,’ Flags Funding Misalignment

11/06/2025
Green Hydrogen

Alleged Climate Lawsuit Funding Sparks Industrial Backlash Amid Hydrogen Policy Tensions

11/06/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.