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Energy Vault Holdings Inc., a leader in grid-scale, sustainable energy storage solutions, and Jupiter Power (a leading battery storage developer in the United States) announced that they have signed two contracts in which Energy Vault will supply the equipment, engineering, procurement and construction for two of Jupiter’s battery storage projects.
Projects include a 100 MW (200MWh), battery energy storage system near Fort Stockton in Texas that will provide energy and other services to ERCOT. A 10 MW (20MWh) system located in Carpinteria in California that will provide grid services as part of the CAISO Resource Adequacy Program as well as energy resilience in Southern California. These projects will supply the critical dispatchable capacity needed to these electricity markets. They are expected to be complete in 2023.
Energy Vault Solutions (EVS), a proprietary integration platform, will be used to power the systems. EVS’ innovative energy management platform will also be used. It was announced previously that EVS started development nine months ago in December 2021. EVS uses advanced software architecture and optimization algorithms to enable the integration and orchestration of multiple energy assets in a variety of use cases.
Marco Terruzzin (Chief Commercial Officer at Energy Vault), stated that the announcement of the first EVS-enabled energy storage projects supports a market leader for storage infrastructure and analytics such as Jupiter, we are delivering on our comprehensive strategy in energy storage solutions. “We are seeing strong demand worldwide for our EVS-enabled storage solutions due to our unique platform’s ability to integrate and deliver both short- and long-term (EVx) energy storage technology.” he added.
Michael Geier, Chief Technology Officer at Jupiter Power, stated that Jupiter is happy to work with Energy Vault to increase our existing battery storage portfolio. As the largest developer of battery energy storage projects, we recognize the need to keep executing innovative storage solutions to relieve grid strain. We are excited to build our first project in California where the grid continues to show strong demand for more battery energy storage capacity.
Jupiter currently has 654MWh of battery storage projects in Texas under commissioning or operation, and more than 11GW of projects in development in multiple target markets across California and Maine. Jupiter’s projects are essential to decarbonize the U.S. electric grid by providing non-emitting generation to support the penetration of renewable electricity sources, such as solar and wind. This will increase grid reliability and resilience.
