Energy Vault to construct 220MWh of battery storage space projects for Jupiter Power in Texas and California
- Gravity-based energy storage firm Energy Vault will certainly deliver as well as optimise battery energy storage space systems (BESS) completing 220MWh for programmer Jupiter Power in Texas and also California.
The business, best understood for its novel energy storage space technology based on elevating and also dropping weights to charge and also discharge energy, is currently giving conventional BESS projects together with its core product. It laid out its project pipeline for each and every department in its outcomes presentation last week, in which it asserted to anticipate nearly US$ 700 million in revenues over 2022 and also 2023 combined.
The business will provide a 100MW/200MWh BESS at a Jupiter Power Facility near Fort Stockton, Texas, which will supply energy and ancillary solutions to ERCOT, the state's grid operator, according to a news release. Note that the ERCOT market doesn't have centralised capacity auctions so any type of wholesale energy sold is to purchasers in the marketplace.
Energy Vault, which went public previously this year, will certainly likewise construct and commission a smaller 10MW/20MWh BESS device for Jupiter in Carpinteria, California. The BESS will certainly participate in the CAISO Resource Adequacy programme, the structure where the grid driver ensures there suffices energy to fulfill need (once again, without centralised capacity auctions).
The projects Energy Vault is providing for Jupiter will utilise its organization system Energy Vault Solutions' (EVS) exclusive system style and Energy Management Software (EMS), which are technology-agnostic, according to the firm.
The firm introduced EVS in November 2021, reported at the time by Energy-Storage. news. The division is headed by John Jung, the previous chief executive officer and head of state of battery storage space and EMS leader Greensmith Energy till its acquisition by Wärtsilä in 2017.
"With today's inaugural EVS-enabled battery energy storage projects announcement sustaining a market leader in storage framework as well as analytics like Jupiter, we are supplying on our thorough energy storage solutions technique presented simply 9 months back," said Marco Terruzzin, CCO, Energy Vault.
Jupiter Power has 654MWh of BESS projects in operation or the commissioning phase in the ERCOT market, which Energy-Storage. news has formerly reported on.
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