Melbourne, Australia & Lugano, Switzerland & Westlake Village, Calif., United States:
AEMO Advanced Grid Studies for 500MWh Energy Vault BESS Solution kicks off in Australia
First BESS award for quick length storage in the Australian market follows earlier bulletins earlier this 12 months of Gravity Energy Storage System (GESS) improvement on a multi-GWh foundation for lengthy length power storage in the area, demonstrating speedy execution and market adoption of Energy Vault’s options and hardware-agnostic software program strategy for power administration techniques
Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”), a chief in sustainable, grid-scale power storage options, right this moment introduced a Notice of Award from Meadow Creek Solar Pty Ltd (“Meadow Creek” or “Meadow”) for the deployment of a 250MW/500MWh battery power storage system (“BESS”) on the Meadow Creek Solar Farm in Victoria, Australia. Developed by Meadow Creek, the 330MW photo voltaic farm is positioned three hours north of Melbourne, Australia, and supplies zero-carbon electrical energy to roughly 110,000 properties in the area.
Under this Notice, Energy Vault will instantly start the superior grid research and modeling with technical advisor DNV, as required by the Australian Energy Market Operator (AEMO) for interconnected energy techniques in Australia’s japanese and south-eastern seaboard.
The Meadow Creek Solar Farm has accomplished in depth work on challenge feasibility, together with grid capability, and is at present progressing by way of detailed environmental and technical assessments to assist the event utility course of. The BESS, being co-located with photo voltaic PV, will present the resiliency and suppleness of cost and discharge, important to shoring up renewable power provide throughout the community as Australia adopts the Australian Energy Market Operator’s Integrated System Plan.
“We are delighted to be selected for this important project in Australia,” stated Lucas Sadler, Vice President of Sales and Business Development, Asia & Pacific (APAC), Energy Vault. “Over the past few months, the new Australian Federal Government has sent a strong mandate to the market to expedite the transition to renewable energy technologies supported by significant State Government updates to their clean energy and emissions reduction targets. The Meadow Creek Solar Farm, Hybrid Solar PV and BESS Developments goals are well met with the market release of Energy Vault’s AC and DC block bespoke energy storage solutions for the Australian market. Importantly, this award builds on the significant progress Energy Vault has made over the past year as we bring our transformative energy storage solutions to this important market.”
“The options strategy Energy Vault carried out with our workforce has been pivotal in our determination to pick the Energy Vault power storage {hardware} and software program platform,” stated Cameron Munro, Development Manager at Meadow Creek Solar Farm. “Energy Vault’s high energy density design, the option to work with both Central Storage Inverters or the new AC Block and the most advanced Energy Management Software, that enables multiple use cases, optimal economic dispatching and predictive maintenance, bring flexibility and further options when working with our financial and technical partners (DNV and AusNet Services).”
The announcement of the Meadow Creek award follows the appointment earlier this 12 months of Lucas Sadler to Vice President of Sales and Business Development, APAC, a 30 12 months veteran throughout the renewable power, power administration and storage business with in depth expertise in engineering, procurement, and supply of each quick length and lengthy length power storage techniques. Mr. Sadler has since been constructing out the native infrastructures and buyer assist workforce in Australia given the strategic progress precedence throughout the area.
The Award from Meadow Creek follows earlier bulletins of Gravity Energy Storage Systems (GESS) improvement on a multi-GWh foundation in Australia with Korea Zinc’s subsidiary, Ark Energy, and a beforehand introduced MOU with BHP. This additional demonstrates the strategic precedence of Australia as a key progress market for Energy Vault, and the market adoption of Energy Vault’s options and software program strategy to its clients’ various power storage necessities.
About Energy Vault
Energy Vault develops and deploys sustainable power storage options designed to remodel the world’s strategy to utility-scale power storage in realizing decarbonization whereas sustaining grid resiliency. The firm’s proprietary gravity-based power storage expertise, battery storage expertise, and power storage administration and integration platform are supposed to assist utilities, impartial energy producers, and huge industrial power customers considerably scale back their Levelized power prices whereas sustaining energy reliability. Utilizing eco-friendly supplies with the power to combine waste supplies for useful reuse, Energy Vault is facilitating the shift to a round economy whereas accelerating the clear power transition for its clients. For extra info, please go to www.energyvault.com.
Forward-Looking Statements
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