Energy Vault Acquires Goshe Energy Storage Portfolio of U.S. BESS Development Projects

Energy Vault Closes Acquisition of 850 MW BESS Portfolio in Japan from BayWa r.e. AG

April 9, 2026

Energy

Energy Vault Holdings has closed its previously announced acquisition of an 850 MW battery energy storage system (BESS) development portfolio in Japan from BayWa r.e. AG. The portfolio includes 350 MW of advanced-stage projects targeting NTP in H2 2027 and COD in mid-2028, plus 500 MW of early-stage projects and a local experienced development team.

Energy Vault Acquires McMurtre 175 MW Battery Energy Storage System Project from Belltown Power

March 24, 2026

Energy

Energy Vault Holdings acquired the 175 MW / 350 MWh McMurtre battery energy storage system (BESS) project near Dallas, Texas, from Belltown Power. The project is expected to receive Notice to Proceed in Q4 2026 and target commercial operation for December 2027, with Energy Vault planning to contribute it to its Asset Vault investment platform at Ready-to-Build status.

Lyten Acquires Northvolt's BESS Product Portfolio

July 28, 2025

Renewable Energy

Lyten announced it has secured more than $200 million in additional equity (primarily from existing investors) and acquired the rights to Northvolt's Battery Energy Storage System (BESS) product portfolio, including Voltpack Mobile Systems (VMS) and Voltrack. Core members of Northvolt's energy storage engineering team will join Lyten in Stockholm, and Lyten plans to manufacture VMS and future BESS products in Gdansk, Poland with production targeted for Q4 2025.

Lyten Acquires Northvolt Dwa ESS Battery Energy Storage Systems Operation

July 1, 2025

Energy

Lyten announced it will acquire Northvolt’s Dwa ESS operations in Gdansk, Poland—a 25,000 square meter battery energy storage systems (BESS) manufacturing and R&D facility. Lyten plans to restart production in Poland and expand its BESS product line, aiming to accelerate lithium-sulfur battery expansion into Europe and provide manufacturing capacity for the growing BESS market.

RWE Clean Energy Acquires 599 MW of Solar and Storage Projects from Galehead Development

May 20, 2024

Renewable Energy

RWE Clean Energy acquired three development-stage renewable energy projects totaling 599 MW (solar and battery storage capacity) from Galehead Development, LLC. The assets — Cedar Ridge (Idaho, solar + storage), Remington (Oregon, standalone BESS) and Champlain (New York, solar) — expand RWE's footprint in the Pacific Northwest and New York and add development-stage capacity to its U.S. pipeline.

Energy Vault Completes Business Combination with Novus Capital Corporation II

February 14, 2022

Energy

Energy Vault Holdings, Inc. completed a business combination with Novus Capital Corporation II and began trading on the New York Stock Exchange (NRGV) on February 14, 2022. The transaction provided approximately $235 million in gross proceeds (plus prior Series C and a $50M licensing fee from Atlas Renewable) to fund commercialization of the company’s grid-scale energy storage technologies and energy management software.