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

Power Vault Holdings, Inc. (NYSE: NRGV) (“Power Vault”), a world chief in grid-scale power storage options, as we speak introduced it has obtained Overseas Funding Evaluate Board (FIRB) approval and accomplished the total acquisition of the Stoney Creek Battery Power Storage System (BESS) mission in Northern New South Wales. The 125 MW/1,000 MWh mission now formally enters Power Vault’s worldwide “Personal & Function” portfolio, advancing the corporate’s long-term asset administration technique within the Australian market.

Power Vault has formalized its funding place within the Stoney Creek BESS following receipt of Overseas Funding Evaluate Board (FIRB) approval, enabling full acquisition and management of the mission’s growth and operations. The mission was initially introduced for acquisition from Enervest Group in March 2025.

This strategic acquisition underscores Power Vault’s dedication to accelerating Australia’s transition to a extra resilient, low-carbon power grid. The Stoney Creek BESS represents a flagship deployment inside the firm’s Asset Vault portfolio, leveraging Power Vault’s vertically built-in method to power storage growth. With full management of the mission’s lifecycle—from design via long-term operation—Power Vault is positioned to optimize each efficiency and profitability whereas delivering important grid companies.

The mission’s award of a 14-year LTESA contract supplies a powerful basis of contracted income, enabling long-term worth creation for stakeholders and reinforcing investor confidence. Coupled with Power Vault’s proprietary VaultOS™ platform and superior B-VAULT™ storage know-how, the Stoney Creek BESS will provide essential dispatchable capability to assist peak demand, improve grid stability, and allow deeper integration of renewable power sources throughout New South Wales.

The 125 MW/1,000 MWh BESS was awarded a 14-year Lengthy-Time period Power Service Settlement (LTESA) beneath Roadmap Tender Spherical 5 for Lengthy Length Storage, administered by AEMO Providers because the Client Trustee beneath the New South Wales Electrical energy Infrastructure Roadmap. The LTESA supplies as much as 14 years of predictable, contracted income, serving to to de-risk the mission and speed up funding in essential storage infrastructure.

The Stoney Creek BESS has been designed to ship eight hours of dispatchable power, and as soon as operational, will assist grid reliability and suppleness in a strategic location inside NSW’s transitioning power panorama. Power Vault is creating and integrating the mission, using its VaultOS™ power administration platform and B-VAULT™ system to optimize efficiency, market participation, and long-term asset administration.

“The formal acquisition of Stoney Creek represents a primary and really important milestone in Power Vault’s long-term funding technique for Australia,” mentioned Robert Piconi, Chairman and Chief Government Officer of Power Vault. “As the primary non-US mission developed beneath our international ‘Personal & Function’ asset technique, Stoney Creek underscores our deal with engaging, excessive development markets for power storage options supported by favorable regulatory insurance policies as is the case with Australia. We’ve got a number of storage tasks in varied levels of building throughout japanese Australia, and we glance ahead now to specializing in transferring the Stoney Creek BESS quickly to RTB building and eventual operation as a way to maximize the advantages for the native communities whereas supporting the NSW regional decarbonization objectives.”

Stoney Creek represents certainly one of a number of large-scale “Personal & Function” belongings Power Vault is advancing throughout Australia, underpinning a rising pipeline of power storage deployments designed to allow each service provider and contracted income streams via the corporate’s Power VaultOS™ and Vault-Bidder™ platforms.