Energy Vault wins approval for 125 MW battery project in New South Wales

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Go back to Energy Vault wins approval for 125 MW battery project in New South Wales

Energy Vault Secures New South Wales State Development Approval for 125 MW / 1 GWh Stoney Creek BESS, Clearing the Path for Construction Start

September 29, 2026 10:35 AM EDT

State Development Approval milestone for the 125 MW, eight-hour long duration project follows Energy Vault's recent outright acquisition of the project land, marking the second major project milestone secured in recent weeks and advancing the project to site construction.

Site works and mobilization expected to begin Q4 2026 with commercial operations expected in H1 2028; 14-year LTESA and anticipated merchant revenues are expected to support approximately US $2530 million in annual recurring revenue once operational

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- Energy Vault Holdings, Inc. (NYSE: NRGV) (Energy Vault or the Company), a... More