Energy Vault Executes EPC And O&M Contract With ACEN Australia For 200 MW/400 MWh Of Battery Energy Storage Deployments
Portfolio Pulse from Benzinga Newsdesk
Energy Vault has signed an EPC and O&M contract with ACEN Australia to deploy two battery energy storage systems (BESS) with a total capacity of 200 MW/400 MWh at ACEN Australia's New England Solar project. The project will use advanced grid-forming inverter technology integrated with Energy Vault's B-Vault DC block and managed by the Vault-OS energy management system.
June 03, 2024 | 12:57 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Energy Vault has secured a significant contract with ACEN Australia to deploy 200 MW/400 MWh of battery energy storage systems at the New England Solar project. This partnership highlights Energy Vault's technological capabilities and could boost investor confidence.
The contract with ACEN Australia is a significant milestone for Energy Vault, showcasing its advanced technology and potential for future projects. This could lead to increased investor confidence and a positive short-term impact on NRGV's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100