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Energy Vault acquires land for 125 MW Stoney Creek BESS in Australia after FIRB approval

Energy Vault acquires land for 125 MW Stoney Creek BESS in Australia after FIRB approval
Energy Vault completes Stoney Creek deal

Energy Vault has completed the acquisition of land for its 125 MW, 1 GWh Stoney Creek Battery Energy Storage System (BESS) project in New South Wales, Australia.

The transaction follows government approval by the Foreign Investment Review Board (FIRB), marking a significant milestone in advancing the Stoney Creek BESS development. The completed land deal allows Energy Vault to move forward with project implementation and further support Australia's transition to renewable energy infrastructure.

Energy Vault previously moved its 200MW 400MWh New England battery project in Australia closer to full operation, supporting expansion of grid storage capacity. In Italy, the company’s Digital Vault Sulcis was designated a strategic initiative, expediting approvals for its initial 30 MW launch. Further developments highlight Energy Vault's progress across international grid storage projects, including initiatives such as New England battery and Digital Vault Sulcis.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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