Energy Vault Acquires 175 MW / 350 MWh McMurtre BESS Project near Dallas, Texas from Belltown Power

Energy Vault Holdings has acquired the 175 MW / 350 MWh McMurtre BESS project near Dallas in the ERCOT North market, Texas, from Belltown Power. The project will be contributed to Energy Vault's Asset Vault platform upon reaching Ready-to-Build status. NTP is expected in Q4 2026 with commercial operation targeted for December 2027. The project is expected to generate $350–$375 million+ in lifetime revenues.

Transaction date: · Source: businesswire.com

Key facts

Transaction date
Capacity
175 MW
Transaction price
Not disclosed
Region
Texas
Location
ERCOT North market, near Dallas, Texas, USA
Continent
North America
Development status
Under Development
PPA
n.a.

Technology details

175 MW / 350 MWh battery energy storage system utilising Energy Vault's B-VAULT™ AC Technology Platform 3. Features an executed Small Generator Interconnection Agreement (SGIA) and full site control. Notice to Proceed (NTP) expected Q4 2026. Commercial operation targeted for December 2027. Energy Vault will self-perform EPC and long-term service agreements.

Additional information

Energy Vault intends to contribute the project to its Asset Vault platform upon reaching Ready-to-Build (RTB) status. Project expected to deliver $15–$20 million in average annual revenues over its technical life, representing $350–$375 million+ in total lifetime revenues. Multiple investment-grade offtake structures currently under consideration. Acquisition brings Energy Vault's total Asset Vault platform capacity (acquired, under construction and operational) to 715 MW across all asset classes. Energy Vault's $300 million preferred equity commitment enables over $1 billion in project capex. Other Asset Vault projects include the 150 MW SOSA Energy Center (TX), 57 MW Cross Trails BESS (TX), 8.5 MW Calistoga Resiliency Center (CA), 125 MW Stoney Creek BESS (NSW, Australia) and 100 MW Ebor BESS (NSW, Australia).

Source

Original announcement: https://www.businesswire.com/news/home/20260324489830/en/Energy-Vault-Announces-Acquisition-of-175-MW-Battery-Energy-Storage-System-Project-in-Texas

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