Energy Vault Partners with Bridge Energy for Long-Term Energy Service Agreement
- Long-Term Energy Service Agreement: Bridge Energy has secured a 14-year Long-Term Energy Service Agreement for the EBOR Battery Energy Storage System project, with a capacity of 100 MW / 870 MWh, which is expected to significantly support New South Wales' renewable energy targets.
- Project Investment and Technology Application: Energy Vault plans to acquire the project with an investment of A$310 million, utilizing its proprietary B-VAULT™ technology and Vault-OS™ Energy Management System to ensure efficient grid stability and reliable power supply.
- Community Economic Benefits: The project is expected to create up to 60 direct jobs during the construction phase and ensure long-term economic benefits for the Armidale region through ongoing engagement with local communities.
- Asset Management Strategy: This partnership marks Energy Vault's continued expansion in the Australian market, further advancing its 'Own & Operate' asset management strategy aimed at generating stable revenue streams through efficient energy storage solutions.
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- Strategic Collaboration: Energy Vault and Peak Energy are co-developing a full-stack storage platform that integrates sodium-ion batteries with a digital stack specifically designed for AI infrastructure, enhancing deployment speed, reducing costs, and improving safety, thereby addressing the limitations of traditional battery systems.
- Supply Chain Security: Energy Vault has secured a 1.5 GWh supply agreement for sodium-ion batteries, ensuring domestic supply chain security and eligibility for Domestic Content tax credits, which will provide a more attractive economic profile for BESS and AI projects compared to lithium-ion alternatives.
- Global Market Expansion: Energy Vault has obtained exclusive regional channel rights for Peak Energy's technology in the APAC region, expanding the companies' footprint in high-growth international markets, thereby enhancing competitive positioning and brand influence.
- Purpose-Built Storage Architecture: The newly developed storage architecture is tailored for AI Neoclouds and data centers, combining the high safety of sodium-ion batteries with Energy Vault's system design to deliver faster deployment and lower capital costs, effectively meeting the high volatility demands of AI computing loads.
- Long-Term Energy Service Agreement: Bridge Energy has secured a 14-year Long-Term Energy Service Agreement for the EBOR Battery Energy Storage System project, with a capacity of 100 MW / 870 MWh, which is expected to significantly support New South Wales' renewable energy targets.
- Project Investment and Technology Application: Energy Vault plans to acquire the project with an investment of A$310 million, utilizing its proprietary B-VAULT™ technology and Vault-OS™ Energy Management System to ensure efficient grid stability and reliable power supply.
- Community Economic Benefits: The project is expected to create up to 60 direct jobs during the construction phase and ensure long-term economic benefits for the Armidale region through ongoing engagement with local communities.
- Asset Management Strategy: This partnership marks Energy Vault's continued expansion in the Australian market, further advancing its 'Own & Operate' asset management strategy aimed at generating stable revenue streams through efficient energy storage solutions.

- 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.
- 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.

Market Performance: U.S. stocks showed mixed results, with the Dow rising 0.66% while the Nasdaq fell 0.65% and the S&P 500 dropped 0.13%. Health care shares increased by 1.1%, but communication services stocks fell by 1.7%.
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Global Market Overview: European shares rose, with the eurozone's STOXX 600 up 0.71%, and Asian markets mostly closed higher, led by Japan's Nikkei 225 and Hong Kong's Hang Seng.

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