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