Energy Vault Accelerates 125 MW / 1 GWh Stoney Creek BESS Toward Construction with Full Project Land Acquisition Milestone in Australia

Energy Vault has completed the acquisition of the underlying project land for the 125 MW / 1 GWh Stoney Creek battery storage facility in Northern New South Wales, Australia, converting from an existing lease to full ownership after receiving Foreign Investment Review Board approval. Construction is expected to commence in Q1 2027, with commercial operations targeted for the first half of 2028, subject to final approvals. The project is backed by a 14-year Long-Term Energy Service Agreement awarded through AEMO Services under the New South Wales Electricity Infrastructure Roadmap, providing expected annual revenue of approximately $25-$30 million per year.

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