Energy Vault Holdings And Bridge Announce Ebor Battery Energy Storage System Awarded Long-Term Energy Service Agreement By AusEnergy Services

Energy Vault's development partner in Australia, Bridge Energy, has secured a 14-year Long-Term Energy Service Agreement (LTESA) for the EBOR Battery Energy Storage System (BESS) project (100 MW / 870 MWh), under the NSW Electricity Infrastructure Roadmap

Energy Vault holds the exclusive option to acquire and construct the A$310 million project having supported Bridge through early stage development

The project will feature Energy Vault's proprietary B-VAULT™ technology and Vault-OS™ Energy Management System software to provide essential grid firming capacity

Energy Vault acquired the Stoney Creek 125 MW / 1,000 MWh project in New South Wales in 2025, which also holds an LTESA, as Energy Vault rapidly expands its Australian footprint

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and Bridge Energy Pty Ltd ("Bridge Energy"), an Australian developer bridging the gap between fossil fuels and renewable energy, today announced the Ebor Battery Energy Storage System (BESS) has been awarded a Long-Term Energy Service Agreement (LTESA) by AusEnergy Services.

Located in Ebor, within the New England Region of New South Wales (NSW), the 100 MW / 870 MWh project will provide 8 hours of dispatchable capacity. The facility will play a critical role in advancing NSW's renewable energy targets by providing essential grid firming capacity as aging coal generators retire. The system will charge during periods of excess renewable generation and discharge during peak demand, directly supporting the state's transition to a decarbonized grid.

Subject to obtaining the necessary contractual and regulatory approvals, Energy Vault plans to exercise its option to acquire the project. Under its exclusive agreement, Bridge Energy will partner with Energy Vault to bring the project to development completion. The Ebor BESS will then be built, owned and operated by Energy Vault under the Asset Vault platform, which integrates the company's project ownership model backed by its deep battery technology and its operational expertise, to support the local community and the wider grid with efficient and reliable power availability while generating long-term, recurring revenue streams for the technical life of the project. The project will utilize Energy Vault's B-VAULT™ system architecture, designed for high-performance cycling and long-duration applications, controlled by the proprietary Vault-OS™ Energy Management System to optimize asset value.