Energy Vault Holdings Inc. Expands with Successful $18 Million Project Financing for Cross Trails BESS in Texas
Reuters
Jul 24
Energy Vault Holdings Inc. Expands with Successful $18 Million Project Financing for Cross Trails BESS in <a href="https://laohu8.com/S/TCBIL">Texas</a>
Energy Vault Holdings Inc., a leader in sustainable, grid-scale energy storage solutions, has announced significant expansions in its project portfolio. The company has successfully closed $18 million in project financing for its Cross Trails battery energy storage system $(BESS)$ in Texas' ERCOT market. This milestone follows the recent $28 million financing for the Calistoga Resiliency Center project in California and the acquisition of the 125 MW/1,000 MWh Stoney Creek BESS in Australia. These developments align with Energy Vault's 'Own & Operate' strategy, aimed at generating predictable, high-margin revenue streams and delivering long-term value to shareholders. The company continues to advance its global projects, reflecting proactive interest from strategic partners and investors, and positioning itself for growth in the energy storage asset infrastructure market.
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: 20250724789080) on July 24, 2025, and is solely responsible for the information contained therein.
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