Energy Vault starts commercial ops at 57 MW Cross Trails BESS in Texas; first under Own & Operate strategy

Energy Vault Holdings, Inc.

57 MW / 2-hour battery storage system in Snyder, Texas begins commercial operation ahead of schedule.
First asset placed in service under Energy Vault's Own & Operate growth strategy with 10-year offtake deal from Gridmatic.
Global portfolio now totals 725 MW / 3,700 MWh across U.S., Australia, Italy with 2-8 hour durations.
BESS uses second-generation B-VAULT AC system and VaultOS EMS; project supported by ITC sales and project financing.
Terruzzin: 'Demonstrates ability to execute complex deployments with speed, quality, and attractive economics.'

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