Energy Vault Buys 2.3 GW BESS Portfolio, Adds 350 MW Ready-to-Build Projects
NRGV sits 92% above its 52-week low of $2.5.
Summary
Energy Vault is acquiring a 2.3+ GW U.S. battery storage development portfolio from Goshe Energy Storage, including two ready-to-build projects totaling 350 MW that are expected online in Q1 2028 and generate about $30 million in combined annual run-rate EBITDA. The deal brings an experienced development team and a $40 million credit facility commitment from S2G Investments to fund construction. This meaningfully scales the company's owned-asset pipeline and supports its shift toward recurring, high-margin revenue from operating assets. The acquisition follows a series of recent moves—a $150 million convertible debenture expansion, a 1.25 GW AI data center agreement, and a $137.5 million term loan—that show aggressive growth but also rising leverage. Watch for integration execution and whether the ready-to-build projects hit their 2028 commercial operation targets.
At the time of this announcement, NRGV was trading at $4.79 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $854.6M. The 52-week trading range was $2.50 to $6.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.