Jupiter Power, Energy Vault Partner for 2.4 GWh of Domestic-Content-Qualified BESS

Texas-based utility-scale battery energy storage systems (BESS) developer and operator, Jupiter Power has announced the execution of an agreement with Switzerland-headquartered grid-scale energy storage solutions provider Energy Vault Holdings. Under the agreement, Jupiter Power and Energy Vault will collaborate to secure 2.4 GWh of supply chain equipment and services that will be integrated and delivered through Energy Vault’s hardware and software management platform in battery energy storage projects of Jupiter Power.

Jupiter Power and Energy Vault said that they are committed to supporting US based manufacturing for use in BESS projects of Jupiter Power across US electric markets. The projects are expected to reach commercial operations in 2024 and 2025.

Jupiter Power said that under the agreement, Energy Vault will focus on maximizing localization and deployment of energy storage equipment that will qualify for the recently enacted Inflation Reduction Act’s Domestic Content Bonus Credit. Jupiter Power will collaborate in siting the new domestic manufacturing facilities by utilizing assets secured for future Jupiter Power projects across the country, including the siting of such facilities in “Energy Communities” locations prioritized for investment by the Inflation Reduction Act, such as brownfield coal sites and economically disadvantaged areas.

Andy Bowman, CEO, Jupiter Power, stated, “We are very pleased to be expanding our relationship with Energy Vault to grow our supply of the equipment the grid critically needs today while also supporting sustainable battery equipment manufacturing here at home.”

Marco Terruzzin, Chief Commercial Officer, Energy Vault, said, “Energy Vault is laser focused on its customers’ needs with a commitment to continuous innovation, allowing this agreement to serve as a gateway for realizing the intent of the Inflation Reduction Act in rapidly bringing energy storage localization to the U.S.”

Jupiter Power and Energy Vault had signed agreements previously also for BESS projects in Texas and California totaling 220 MWh, under which Energy Vault will supply a 100 MW (200 MWh) battery energy storage system at a Jupiter Power Facility near Fort Stockton, Texas. The two will also construct and commission a 10 MW (20 MWh) battery energy storage system for Jupiter Power in California.