"We look forward to developing this project with Wellhead and W Power, which will be based on our proprietary system and reflects the execution of our previously announced EVS strategy," said Robert Piconi, president, and CEO of Energy Vault. Together with the Company's current sustainable gravity energy storage technology offering, Energy Vault continues to advance the global transition to a carbon-free and resilient power grid
#Energy vault software#
Launched in Q4 2021, the EVS platform leverages the most advanced optimization algorithms and software architecture, enabling the integration and orchestration of multiple energy assets across a multitude of use cases. The system will be based on Energy Vault Solutions (EVS) proprietary integration platform and EVS energy management software. in California, representing approximately 600 MWh+ of additional capacity in the short term. Energy Vault will also support W Power and Wellhead in the development and implementation of future energy storage projects. The project has an accelerated schedule to meet the critical energy needs of Southern California and is expected to be completed by mid-2023. The project will be operated by Wellhead Services, Inc., one of the most experienced developers and operators of innovative energy generation and storage facilities in California, which is headquartered in Sacramento,Įnergy Vault will begin implementation immediately in 2022 of a 275.2 MWh battery storage project at the W Power Energy Reliability Center in Stanton, California. has announced the signing of the Stanton Energy Storage System (SESS) EPC contract with Wellhead Electric Company, Inc. Although the state has brought online more than 4 GW of new resources in the last year, CAISO in May estimated that it could face a capacity shortfall ranging from 1,700 MW to 5,000 MW due to extreme weather and other challenges.Energy Vault Holdings Inc. Regulators in Texas are crafting wholesale market changes to improve the reliability of the electric system.Ĭalifornia, meanwhile, passed legislation last month that created a new certification process for solar, wind and other clean energy projects, as well as an up to 5 GW strategic electricity reliability reserve fund. Last month, amid a heatwave and increasing electricity demand, ERCOT for the second time in a week asked its customers to conserve electricity. The company is also excited to be building its first project in California, where there is a strong need for additional battery capacity on the grid, he added.īoth California and Texas are facing grid reliability challenges. “As the largest developer and operator of battery energy storage projects on the ERCOT grid, we see a strong need to continue to execute innovative storage solutions to help relieve grid strain,” Michael Geier, Jupiter Power’s chief technology officer said in a statement.
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