Energy Vault acquires 850 MW battery energy storage system development portfolio from BayWa r.e.

Type: Acquisition · Technology: Storage · Country: Japan · Capacity: 850 MW · Announced: 2024-11-08

Energy Vault completed the acquisition of an 850 MW BESS development portfolio in Japan from BayWa r.e., including 350 MW of advanced-stage sites (expected NTP in 2027 and commercial operations in 2028) and 500 MW of early-stage projects.

Counterparties

• Energy Vault (Buyer)
• BayWa r.e (Seller)

Source article

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