Energy Vault Secures Land for 125 MW Australian Battery Project
Event summary
- Energy Vault completed land acquisition for its 125 MW / 1 GWh Stoney Creek BESS project in Australia after securing FIRB approval.
- Construction is set to begin in Q1 2027, with commercial operations targeted for H1 2028.
- The project is backed by a 14-year Long-Term Energy Service Agreement (LTESA) under the New South Wales Electricity Infrastructure Roadmap.
- Stoney Creek is part of Energy Vault’s Build, Own & Operate portfolio, designed to provide eight hours of dispatchable energy storage.
The big picture
Energy Vault’s acquisition of the Stoney Creek project site strengthens its position in Australia’s energy storage market, aligning with the country’s push for grid reliability and renewable integration. The project’s long-term revenue visibility through the LTESA underscores the strategic value of Energy Vault’s Build, Own & Operate model in a rapidly evolving energy landscape.
What we're watching
- Construction Timeline
- Whether Energy Vault can maintain its Q1 2027 construction start and H1 2028 commercial operations timeline amid regulatory and supply chain challenges.
- Revenue Visibility
- How the 14-year LTESA will impact Energy Vault’s long-term revenue stability and shareholder value.
- Market Expansion
- The pace at which Energy Vault can scale its Build, Own & Operate model in strategic markets like Australia.
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