Energy Vault and EU Green Energy Establish Framework Agreement for $250 Million Battery Energy Storage Systems, Aiming for 1.8 GWh to Boost Renewable Energy Adoption
Partnership Announcement: Energy Vault has signed a Framework Supply Agreement with EU Green Energy to deploy up to 1.8 GWh of Battery Energy Storage Systems (BESS) in the Balkans over the next four years, enhancing renewable energy integration in the region.
First Project Details: The initial project under this agreement is a 100 MW / 400 MWh BESS installation in Albania, with Phase 1 (50 MW / 200 MWh) expected to begin commercial operations in Q3 2026, pending final legislative approval.
Strategic Goals: This collaboration aims to support EU Green Energy's expansion in Albania, Kosovo, North Macedonia, and Montenegro, leveraging Energy Vault's B-VAULT™ and VaultOS™ platforms for efficient asset deployment and improved project returns.
Market Positioning: Energy Vault's B-VAULT™ portfolio now exceeds 2 GWh of deployed or contracted systems globally, positioning the company for continued growth in the energy storage market through innovative and reliable solutions.
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Energy Vault Signs Two B-VAULT Contracts in Switzerland, Launches FlexGrid Program
- Market Entry: Energy Vault formally enters the Swiss market with the launch of the B-VAULT FlexGrid system for commercial and industrial customers, marking a significant milestone in its European expansion strategy and expected to drive market share growth in the region.
- Project Implementation: The 2 MW system deployed at Schindler Aufzüge AG was installed and Swissgrid-qualified in under four weeks, showcasing Energy Vault's ability to deliver efficient energy storage solutions rapidly, thereby enhancing customer trust.
- Technological Innovation: The Wettingen project features an 8 MW system with a two-level stacked configuration, achieving up to 8 MW of power within a limited footprint of 50 square meters, optimizing space utilization and enhancing grid stability in line with Switzerland's renewable energy demands.
- Strategic Partnership: By integrating with CKW's Flexpool platform, Energy Vault's systems will participate in frequency regulation and voltage control markets, directly supporting Swissgrid's resilience and further solidifying its leadership position in the energy storage sector.

Energy Vault Launches FlexGrid Energy Storage System in Switzerland
- Market Entry: Energy Vault formally enters the Swiss market with the launch of its FlexGrid energy storage system, designed for 2-25 MW industrial and commercial customers, marking a significant milestone in the company's European energy infrastructure strategy.
- Project Partnerships: Agreements with Schindler Group and Energie Wettingen AG showcase the FlexGrid system's adaptability in urban and utility environments, advancing sustainability goals while enhancing Energy Vault's market presence.
- Rapid Delivery: The installation and commissioning of the 2 MW FlexGrid system were completed in less than four weeks, demonstrating Energy Vault's capability to deliver efficient and reliable energy solutions swiftly.
- Long-term Commitment: A 10-year service agreement with Schindler reflects a shared commitment to sustainable operations and long-term reliability, bolstering market confidence in Energy Vault's offerings.






