Energy Vault has commissioned its 57-MW/114-MWh Cross Trails BESS in Scurry County, Texas. The project is the first to be owned and operated by Energy Vault. It has a 10-year offtake agreement with AI company Gridmatic.
Energy Vault’s 57-MW/114-MWh Cross Trails BESS in Scurry County, Texas.
The BESS leverages Energy Vault’s fully integrated solution stack of hardware, software and service offerings. Cross Trails will also serve as the first deployment of Energy Vault’s second-generation B-VAULT AC product, enabling Energy Vault to deliver the system quickly and at low cost while also providing higher levels of system availability in the ERCOT region. The system is equipped with Energy Vault’s VaultOS Energy Management System to control, manage and optimize the BESS operations.
Importantly, the offtake agreement is the first physically settled revenue floor contract to be signed for a BESS in ERCOT. The agreement is backed by Gridmatic’s Energy Storage Fund and will provide both Energy Vault and Gridmatic with the benefit of Gridmatic’s AI-based forecasts, which have delivered the top Day Ahead energy trading results in the ERCOT market. As part of the agreement, Gridmatic will also provide QSE services.
“This milestone demonstrates the unique ability of the Energy Vault team to execute complex energy storage deployments with speed, quality, and attractive economics,” said Marco Terruzzin, Chief Revenue Officer, Energy Vault. “Completing Cross Trails ahead of schedule and achieving ERCOT certification early is a testament to our team’s expertise and the commitment of the entire leadership team to delivering long-term, sustainable shareholder value under the ‘Own & Operate’ growth strategy announced in 2024.”
News item from Energy Vault
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