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Energy Vault buys Stoney Creek BESS project land in Australia after FIRB approval

PUBT·09/03/2026 14:40:19
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Energy Vault buys Stoney Creek BESS project land in Australia after FIRB approval
  • Energy Vault bought the project land for its 125 MW/1 GWh Stoney Creek battery storage project in New South Wales.
  • Transaction shifts site control from a lease to full ownership, strengthening long-term control as the project moves toward construction.
  • Construction is slated to start in Q1 2027, with commercial operations targeted for H1 2028, subject to final approvals.
  • A 14-year Long-Term Energy Service Agreement underpins expected annual revenue of about $25-$30 million.


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: 202609031040BIZWIRE_USPR_____20260902_BW095519) on September 03, 2026, and is solely responsible for the information contained therein.