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

Reuters

Jun 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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