Energy Vault Holdings, Inc. announced its acquisition and planned development of the SOSA Energy Center, a 150 MW/300 MWh battery energy storage system (BESS). The project is located in Madison County, Texas.
This acquisition represents a significant advancement in Energy Vault's growing U.S. portfolio and market presence. The project was originally developed by Savion, a subsidiary of Shell plc.
The SOSA Energy Center will be developed under Energy Vault's new 'Asset Vault' platform, reinforcing the company's 'Own & Operate' strategy. This move aims to generate long-term, predictable revenue streams from owned energy assets.
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