NRGV Mergers

Energy Vault Secures Final FIRB Approval and Completes Acquisition of 125 MW/1,000 MWh Stoney Creek BESS in Australia

Published August 07, 2025 at 01:15 PM

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a global leader in grid-scale energy storage solutions, today announced it has received Foreign Investment Review Board (FIRB) approval and completed the full acquisition of the Stoney Creek Battery Energy Storage System (BESS) project in Northern New South Wales. The 125 MW/1,000 MWh project now formally enters Energy Vault’s international “Own & Operate” portfolio, advancing the company’s

Related Questions

How does this acquisition position Energy Vault against key competitors in the grid‑scale storage market, such as Fluence, Tesla, and Redflow? What is the expected timeline for the Stoney Creek project to become operational and generate cash flow? How will the acquisition of the 125 MW/1,000 MWh Stoney Creek BESS affect Energy Vault’s revenue and earnings forecasts? How does the valuation of the Stoney Creek acquisition compare to recent similar battery storage deals in the region? What impact might the FIRB approval have on the company’s regulatory risk profile and future expansion plans? Is there any indication of synergies or cost efficiencies from integrating the Stoney Creek BESS into Energy Vault’s existing portfolio? How might the market react to the news in terms of trading volume and price volatility for NRGV? Will the Australian market exposure diversify Energy Vault’s geographic revenue streams and affect its exposure to US‑centric macro factors? Will the addition of an “Own & Operate” asset in Australia improve Energy Vault’s balance sheet or increase leverage? What are the potential upside or downside scenarios for the stock if the Stoney Creek project experiences delays or cost overruns?