Energy Vault Secures New South Wales State Development Approval for 125 MW / 1 GWh Stoney Creek BESS, Clearing the Path for Construction Start
Energy Vault received New South Wales State Significant Development Approval (SSD-75680468) for its 125 MW / 1 GWh Stoney Creek BESS in Narrabri, Australia. Site works are expected to begin in Q4 2026 with commercial operations in H1 2028; a 14-year LTESA plus merchant revenues are expected to support roughly US$25-30 million in annual recurring revenue.
Key figures
- Cod
- H1 2028
- Capacity mw
- 125
- Storage gwh
- 1
- Duration hours
- 8
- Ltesa term years
- 14
- Site works start
- Q4 2026
- Expected annual revenue usd
- $25-30 million
AI analysis
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