Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project To Commercial Operation In Moapa, Nevada.
Portfolio Pulse from Benzinga Newsdesk
Energy Vault Holdings, Inc. (NYSE:NRGV) and NV Energy have announced the commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada. This 220MW/440MWh grid-tied system, built on a decommissioned coal-fired electric generating site, is designed to store and dispatch excess renewable energy. It represents the largest BESS owned by Nevada Energy, delivered under a full turnkey contract by Energy Vault. The system aims to provide clean energy and grid resiliency, supporting Nevada's carbon neutrality goals.
April 25, 2024 | 12:24 pm
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Energy Vault Holdings, Inc. (NRGV) has successfully completed and commenced commercial operation of the Reid Gardner BESS project in partnership with NV Energy. This project, emphasizing Energy Vault's capability in delivering large-scale energy storage solutions, could enhance the company's reputation and market position in sustainable energy storage.
The successful completion of the Reid Gardner BESS project underlines Energy Vault's expertise and reliability in the energy storage sector, potentially attracting more partnerships and projects. This could lead to increased investor confidence and a positive impact on NRGV's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100