Energy Vault Achieves Major Strategic Milestone with Commercial Operation of Cross Trails BESS, Marking the First Asset Placed in Service Under “Own & Operate” Growth Strategy

Energy Vault’s globally diversified portfolio now totals 725 MW / 3,700 MWh in progressive development phases over the past 18 months across the U.S., Australia, and Italy. The portfolio includes energy storage solutions with durations ranging from 2 to 8 hours, specifically designed to maximize financial returns while minimizing risk through long term, contracted revenue agreements