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The company has completed and started commercial operation of the 57MW two-hour Cross Trails BESS in Scurry County, Texas. The battery solution has already begun providing energy and ancillary services to support renewable energy production and improve grid resiliency.
The BESS leverages the company’s integrated solution stack of hardware, software, and services offerings. It serves as the first deployment of a second-generation B-VAULT AC product designed to enable high levels of system availability in the Electric Reliability Council of Texas (ERCOT) region.
According to Marco Terruzzin, Chief Revenue Officer at Energy Vault, the milestones underscore Energy Vault’s ability to execute complex energy storage deployments with speed and quality.
Energy Vault Holdings, Inc. (NYSE:NRGV) develops, deploys, and operates utility-scale energy storage solutions. Its solutions are designed to enhance the world’s approach to sustainable energy storage.
While we acknowledge the potential of NRGV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market.
Disclosure: None. This article is originally published at Insider Monkey.
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