{"id":905285,"date":"2025-11-04T15:11:02","date_gmt":"2025-11-04T20:11:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-eu-green-energy-sign-framework-agreement-for-deployment-of-up-to-250-million-of-battery-energy-storage-systems-totaling-1-8-gwh-to-accelerate-renewable-deployment\/"},"modified":"2025-11-04T15:11:02","modified_gmt":"2025-11-04T20:11:02","slug":"energy-vault-eu-green-energy-sign-framework-agreement-for-deployment-of-up-to-250-million-of-battery-energy-storage-systems-totaling-1-8-gwh-to-accelerate-renewable-deployment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-eu-green-energy-sign-framework-agreement-for-deployment-of-up-to-250-million-of-battery-energy-storage-systems-totaling-1-8-gwh-to-accelerate-renewable-deployment\/","title":{"rendered":"Energy Vault, EU Green Energy Sign Framework Agreement for Deployment of up to $250 Million of Battery Energy Storage Systems, Totaling 1.8 GWh, to Accelerate Renewable Deployment"},"content":{"rendered":"

<\/p>\n

Energy Vault, EU Green Energy Sign Framework Agreement for Deployment of up to $250 Million of Battery Energy Storage Systems, Totaling 1.8 GWh, to Accelerate Renewable Deployment<\/b><\/p>\n

Phase 1 development of the first project under the agreement, featuring a 50 MW \/ 200 MWh BESS located in the Balkans, has been contracted under Energy Vault’s B-VAULT\u2122 and Vault-OS\u2122 platform<\/i><\/p>\n

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE<\/a>)–
\nEnergy Vault Holdings, Inc. (NYSE: NRGV) (\u201cEnergy Vault\u201d or the \u201cCompany\u201d), a global leader in grid-scale energy storage solutions, today announced the signing of a Framework Supply Agreement (FSA) with EU Green Energy LLC (\u201cEU Green Energy\u201d), a leading renewable energy developer in the Balkan region. The agreement covers the deployment of up to 1.8 GWh of Battery Energy Storage Systems (BESS) over the next four years, paving the way for broader support of EU Green Energy’s renewable energy assets portfolio development in the Balkans region.\n<\/p>\n

\nThis strategic partnership reinforces the shared commitment of both Energy Vault and EU Green Energy to accelerating renewable energy integration and enhancing grid flexibility across the Balkans, supporting EU Green Energy’s strategy to expand its renewable portfolio in Albania, Kosovo, North Macedonia, and Montenegro.\n<\/p>\n

\n\u201cWe are proud to partner with EU Green Energy, a well-established renewable energy player in the Balkan region with deep understanding of local energy policies and execution,\u201d said Marco Terruzzin, Chief Revenue Officer of Energy Vault. \u201cOur B-VAULT\u2122 and VaultOS\u2122 platforms will enable EU Green Energy to rapidly deploy assets efficiently, and achieve superior project returns in one of Europe’s most dynamic and rapidly developing energy markets.\u201d\n<\/p>\n

\nThe first project to be advanced under the framework agreement, a 100 MW \/ 400 MWh BESS installation in Albania, has commenced development with the signing of an Energy Equipment and Services (EEQ) Agreement. Phase 1 of this project, representing 50 MW \/ 200 MWh, will leverage Energy Vault’s proprietary B-VAULT\u2122 energy storage system and VaultOS\u2122 energy management system to deliver advanced performance, reliability, and grid flexibility.\n<\/p>\n

\nThe system will be installed in Kulluric\u00eb, southern Albania, with Phase 1 (50 MW \/ 200 MWh) scheduled to reach commercial operation in Q3 2026, followed by Phase 2 (50 MW \/ 200 MWh) expected to come online in Q1 2027. The agreement is conditioned upon final Albanian legislative approval.\n<\/p>\n

\n\u201cWe have spent a great deal of time identifying the right partner who understands our needs and is willing to collaborate with us as we expand in our markets. Energy Vault has demonstrated proven customer focus and technical expertise, providing a unique hardware and software platform that perfectly fits our growth strategy,\u201d said Alfons Uka, President of EU Green Energy. \u201cWe look forward to deploying it at scale across multiple projects in Albania, Kosovo, Montenegro, and North Macedonia.\u201d\n<\/p>\n

\nToday’s announcement marks an advancement of Energy Vault’s growing commercial footprint in the global battery energy storage market, with the Company’s B-VAULT\u2122 portfolio now exceeding 2 GWh of deployed or contracted systems globally.\n<\/p>\n

About Energy Vault<\/b><\/p>\n

\nEnergy Vault\u00ae develops, deploys and operates utility-scale energy storage solutions designed to transform the world’s approach to sustainable energy storage. The Company’s comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company\u2019s technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault\u2019s innovative technology portfolio delivers customized short, long and multi-day\/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Since 2024, Energy Vault has executed an \u201cOwn & Operate\u201d asset management strategy developed to generate predictable, recurring and high margin tolling revenue streams, positioning the Company for continued growth in the rapidly evolving energy storage asset infrastructure market.Please visit www.energyvault.com<\/a> for more information.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release includes forward-looking statements that reflect the Company\u2019s current views with respect to, among other things, the Company\u2019s operations and financial performance, including the future revenue and profitability projections, the availability of future draws under the OIC preferred stock commitment to Asset Vault, the timeline to deploy Asset Vault capital, the structure of Asset Vault, and the cost per kilowatt hour achievable by Energy Vault. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as \u201canticipate,\u201d \u201cexpect,\u201d \u201csuggest,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cestimates,\u201d \u201ctargets,\u201d \u201cprojections,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cwill\u201d and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the failure to execute definitive agreements or meet conditions for future funding draws, changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainty of our awards, bookings, backlog, timing of permits and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption \u201cRisk Factors\u201d in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on April 1, 2025, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC\u2019s website at www.sec.gov. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251104730487\/en\/<\/a><\/span><\/p>\n

Energy Vault Contacts
\n<\/b>
Investors
\n
energyvaultIR@icrinc.com
\n<\/a><\/p>\n

Media
\n
media@energyvault.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Alternative Energy Energy Other Energy Utilities<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Energy Vault, EU Green Energy Sign Framework Agreement for Deployment of up to $250 Million of Battery Energy Storage Systems, Totaling 1.8 GWh, to Accelerate Renewable Deployment Phase 1 development of the first project under the agreement, featuring a 50 MW \/ 200 MWh BESS located in the Balkans, has been contracted under Energy Vault’s B-VAULT\u2122 and Vault-OS\u2122 platform WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)– Energy Vault Holdings, Inc. (NYSE: NRGV) (\u201cEnergy Vault\u201d or the \u201cCompany\u201d), a global leader in grid-scale energy storage solutions, today announced the signing of a Framework Supply Agreement (FSA) with EU Green Energy LLC (\u201cEU Green Energy\u201d), a leading renewable energy developer in the Balkan region. The agreement covers the deployment of up to 1.8 GWh of … <\/p>\n

Continue reading “Energy Vault, EU Green Energy Sign Framework Agreement for Deployment of up to $250 Million of Battery Energy Storage Systems, Totaling 1.8 GWh, to Accelerate Renewable Deployment”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-905285","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEnergy Vault, EU Green Energy Sign Framework Agreement for Deployment of up to $250 Million of Battery Energy Storage Systems, Totaling 1.8 GWh, to Accelerate Renewable Deployment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-eu-green-energy-sign-framework-agreement-for-deployment-of-up-to-250-million-of-battery-energy-storage-systems-totaling-1-8-gwh-to-accelerate-renewable-deployment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Vault, EU Green Energy Sign Framework Agreement for Deployment of up to $250 Million of Battery Energy Storage Systems, Totaling 1.8 GWh, to Accelerate Renewable Deployment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Energy Vault, EU Green Energy Sign Framework Agreement for Deployment of up to $250 Million of Battery Energy Storage Systems, Totaling 1.8 GWh, to Accelerate Renewable Deployment Phase 1 development of the first project under the agreement, featuring a 50 MW \/ 200 MWh BESS located in the Balkans, has been contracted under Energy Vault’s B-VAULT\u2122 and Vault-OS\u2122 platform WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)– Energy Vault Holdings, Inc. (NYSE: NRGV) (\u201cEnergy Vault\u201d or the \u201cCompany\u201d), a global leader in grid-scale energy storage solutions, today announced the signing of a Framework Supply Agreement (FSA) with EU Green Energy LLC (\u201cEU Green Energy\u201d), a leading renewable energy developer in the Balkan region. 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(NYSE: NRGV) (\u201cEnergy Vault\u201d or the \u201cCompany\u201d), a global leader in grid-scale energy storage solutions, today announced the signing of a Framework Supply Agreement (FSA) with EU Green Energy LLC (\u201cEU Green Energy\u201d), a leading renewable energy developer in the Balkan region. 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