Energy Vault Expands Texas Footprint with 175 MW Battery Storage Acquisition
Event summary
- Energy Vault acquired the 175 MW / 350 MWh McMurtre BESS project near Dallas, Texas from Belltown Power.
- Project is expected to generate $15–$20 million in average annual revenues over its technical life.
- Commercial operation targeted for December 2027, with Notice to Proceed (NTP) expected in Q4 2026.
- Acquisition advances Energy Vault's goal of deploying 1,500 MW of BESS capacity in the U.S.
- Project will use Energy Vault's B-VAULT™ AC Technology Platform 3 for rapid deployment.
The big picture
This acquisition strengthens Energy Vault's position in the high-growth ERCOT North market, where demand for grid stability and data center infrastructure is rapidly expanding. The deal reflects Energy Vault's strategy of combining battery storage with AI compute infrastructure, positioning the company as a key player in the energy transition. With $300 million in preferred equity investment, Energy Vault is well-capitalized to execute on its ambitious deployment plans.
What we're watching
- Deployment Speed
- How Energy Vault's ability to rapidly deploy capital will impact its 1,500 MW BESS deployment roadmap.
- Market Dynamics
- Whether the ERCOT North market's strong power price dynamics will sustain revenue projections.
- Integration Strategy
- The pace at which Energy Vault can integrate BESS assets with its powered land and powered shell offerings.
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