The 220MW/440MWh grid-tied system is the
largest BESS owned by Nevada Energy and was delivered under a full
turnkey contract between Energy Vault and the Nevada Utility
Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the
“Company”), a leader in sustainable grid-scale energy storage
solutions, and NV Energy, Nevada’s largest public utility, today
announced the completion and beginning of commercial operation of
the Reid Gardner Battery Energy Storage System (BESS) in Moapa,
Nevada.
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the full release here:
https://www.businesswire.com/news/home/20240425206995/en/
Energy Vault, NV Energy Bring
220MW-440MWh Reid Gardner BESS Project to Commercial Operation
(Photo: Business Wire)
Built on the site of a decommissioned coal-fired electric
generating facility, the 220MW/440MWh grid-tied BESS, one of the
largest in Nevada, is a 2-hour energy storage system that is
designed to store and dispatch excess renewable energy, including
wind and solar power. The BESS is charged and discharged on a daily
basis and designed to dispatch stored renewable energy at peak
consumption hours to help meet the high demand during Nevada’s peak
load hours. The system, which is now being operated at full
capacity by NV Energy, leverages Energy Vault’s integration
platform and energy management system (Vault-OS).
“The completion of the Reid Gardner Battery Energy Storage
System, on budget and on schedule in a compressed time schedule,
stands as a testament to Energy Vault’s commitment to the efficient
delivery of sophisticated high-performance energy storage systems
to customers like NV Energy,” said Marco Terruzzin, Chief
Commercial & Product Officer, Energy Vault. “We are grateful
for NV Energy’s strong partnership throughout this process, from
the start of planning until the commencement of operations today.
It’s our goal at Energy Vault to serve as the energy storage
company of choice for utilities, IPPs and large energy users, and
we are proud to deliver a system that will provide clean energy and
grid resiliency to Nevada communities while also advancing the
state’s carbon neutrality goals.”
“We truly appreciated the dedication and quick work of Energy
Vault to ensure the Reid Gardner Battery Energy Storage System came
in on time and on budget. It was clear from the start that this
project was a priority for Energy Vault, from the top levels of the
company all the way down,” said Jimmy Daghlian, Vice President of
Renewables, NV Energy. “The overall construction process moved very
quickly – which allowed us to bring the project in service for our
customers ahead of schedule and ahead of the hot summer months. We
appreciate Energy Vault’s problem-solving spirit, commitment, and
partnership in bringing this project to life.”
About Energy Vault
Energy Vault® develops and deploys utility-scale energy storage
solutions designed to transform the world's approach to sustainable
energy storage. The Company's comprehensive offerings include
proprietary gravity-based storage, battery storage, and green
hydrogen energy storage technologies. Each storage solution is
supported by the Company’s hardware technology-agnostic energy
management system software and integration platform. Unique to the
industry, Energy Vault’s innovative technology portfolio delivers
customized short-and-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. Utilizing eco-friendly materials with the
ability to integrate waste materials for beneficial reuse, Energy
Vault’s EVx™ gravity-based energy storage technology is
facilitating the shift to a circular economy while accelerating the
global clean energy transition for its customers. Please visit
www.energyvault.com for more information.
About NV Energy
NV Energy provides a wide range of energy services to more than
1.5 million customers throughout Nevada and a typical annual
tourist population of 54 million. NV Energy, Inc. is a holding
company whose principal subsidiaries, Nevada Power Company and
Sierra Pacific Power Company, do business as NV Energy. NV Energy
is headquartered in Las Vegas, Nevada. Information about NV Energy
is available on the company's website, LinkedIn, Instagram,
Facebook, Twitter and YouTube pages, which can be accessed via
nvenergy.com
Forward-Looking Statements
This press release includes forward-looking statements that
reflect the Company’s current views with respect to, among other
things, the Company’s operations and financial performance.
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 “anticipate,” “expect,” “suggest,” “plan,” “believe,”
“intend,” “project,” “forecast,” “estimates,” “targets,”
“projections,” “should,” “could,” “would,” “may,” “might,” “will”
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 changes in our strategy,
expansion plans, customer opportunities, future operations, future
financial position, estimated revenues and losses, projected costs,
prospects and plans; the uncertainly of our awards, bookings and
backlogs 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 “Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2023 filed with
the SEC on March 13, 2024, as such factors may be updated from time
to time in its other filings with the SEC, accessible on the SEC’s
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240425206995/en/
Energy Vault Contacts: Investors:
energyvaultIR@icrinc.com
Media: media@energyvault.com
NV Energy Contact: Meghin Delaney
meghin.delaney@nvenergy.com
Energy Vault (NYSE:NRGV)
過去 株価チャート
から 4 2024 まで 5 2024
Energy Vault (NYSE:NRGV)
過去 株価チャート
から 5 2023 まで 5 2024