Energy Vault Launches First "Own & Operate" Project with Cross Trails BESS Completion in Texas

Reuters

06/11

Energy Vault Launches First "Own & Operate" Project with Cross Trails BESS Completion in Texas

Energy Vault Holdings Inc. has announced the successful completion and commencement of commercial operations for the Cross Trails Battery Energy Storage System $(BESS)$ located in Scurry County, Texas. This 57 MW two-hour system is the first asset to be placed in service under the company's "Own & Operate" growth strategy. The project, which was completed ahead of schedule, operates under a 10-year offtake agreement with power marketer Gridmatic, providing a guaranteed revenue floor with additional upside potential. This achievement underscores Energy Vault's commitment to delivering sustainable, grid-scale energy storage solutions while enhancing shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energy Vault Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250611365067) on June 11, 2025, and is solely responsible for the information contained therein.

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ID: 20250611365067) on June 11, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4561","symbol_name":"索罗斯持仓","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250611:nNDL3dQ6q7:1","article_id":"2542819315","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542819315","pubTimestamp":1749643305,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Energy Vault Holdings Inc. has announced the successful completion and commencement of commercial operations for the Cross Trails Battery Energy Storage System  located in Scurry County, Texas. 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