First project site in Louisiana upsized and expanded to a potential of 1,168 MWh, which reflects a capacity increase versus previous scope of 500 MWh for behind-the-meter green hydrogen productionAdds up to $217 million of potential project revenue to the previously announced revenue opportunity of $520M over all three projects for a total of up to $737MLUGANO, Switzerland & WESTLAKE VILLAGE, Calif. & WASHINGTON, May 12, 2022–(BUSINESS WIRE)–Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault), a leader in sustainable, grid-scale energy storage solutions, today announced an increase in scope for its initial energy storage project with DG Fuels LLC (“DG Fuels”) in Louisiana. As previously announced in October 2021, Energy Vault and DG Fuels, an emerging leader in renewable hydrogen and biogenic based, synthetic sustainable aviation fuel and diesel fuel, entered into an…
Energy Vault and DG Fuels More than Double Size and Increase Scope of Initial Energy Storage Project to Support the Production of Green Hydrogen for Sustainable Aviation Fuel
