Phase 1 development of the first project under the agreement, featuring a 50 MW \/ 200 MWh BESS located in the Western Balkan, has been contracted under Energy Vault’s B-VAULT\u2122 and Vault-OS\u2122 platform<\/em> <\/p>\n\n\n\n EU Green Energy LLC (\u201cEU Green Energy\u201d), a leading renewable energy developer in the Balkan region, holding the largest portfolio of EOLIC Projects in the development phase, and WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE<\/a>)–Energy Vault Holdings, Inc. (NYSE: NRGV) (\u201cEnergy Vault\u201d or the \u201cCompany\u201d), a global leader in grid-scale energy storage solutions, announced the signing of a Framework Supply Agreement (FSA). The agreement reflects the mutual commitment of both companies to a multi-project partnership, aimed at advancing the deployment of up to 1.8 GWh of Battery Energy Storage Systems (BESS) over the next four years, supporting the development of renewable energy projects across the Balkans region. <\/p>\n\n\n\n This strategic partnership reinforces the shared objective of both EU Green Energy and Energy Vault on accelerating renewable energy integration and enhancing grid flexibility across the Balkans, supporting EU Green Energy’s strategy to expand its renewable portfolio in Albania, Kosovo, North Macedonia, and Montenegro. <\/p>\n\n\n\n \u201cWe have spent a great deal of time identifying the right partner who understands our needs and is willing to collaborate with us as we expand in our markets. Energy Vault has demonstrated proven customer focus and technical expertise, providing a unique hardware and software platform that perfectly fits our growth strategy,\u201d said Alfons Uka, President of EU Green Energy. \u201cWe look forward to deploying it at scale across multiple projects in Albania, Kosovo, Montenegro, and North Macedonia.\u201d <\/p>\n\n\n\n \u201cWe are proud to partner with EU Green Energy, a well-established renewable energy player in the Balkan region with deep understanding of local energy policies and execution,\u201d said Marco Terruzzin, Chief Revenue Officer of Energy Vault. \u201cOur B-VAULT\u2122 and VaultOS\u2122 platforms will enable EU Green Energy to rapidly deploy assets efficiently, and achieve superior project returns in one of Europe’s most dynamic and rapidly developing energy markets.\u201d <\/p>\n\n\n\n The first project to be advanced under the framework agreement, a 100 MW\/400 MWh BESS installation in Albania, has commenced development with the signing of an Energy Equipment and Services (EEQ) Agreement. Phase 1 of this project, representing 50 MW\/200 MWh, will leverage Energy Vault’s proprietary B-VAULT\u2122 energy storage system and VaultOS\u2122 energy management system to deliver advanced performance, reliability, and grid flexibility. <\/p>\n\n\n\n The system will be installed in Kulluric\u00eb, southern Albania, with Phase 1 (50 MW \/ 200 MWh) scheduled to reach commercial operation in Q3 2026, followed by Phase 2 (50 MW\/200 MWh) expected to come online in Q1 2027. The agreement is conditioned upon final Albanian legislative approval. <\/p>\n\n\n\n This announcement marks an advancement and expansion of EU Green Energy LLC in the region, solidifying its leadership position in the region, with a clear plan and strategy on enhancing the production of renewable energy in Western Balkans Region and ensuring the sustainability and security of energy as a critical infrastructure, incorporating the most advanced and efficient battery energy storage systems, strongly cooperating and contributing for the Energy Vault’s growing commercial footprint in the global battery energy storage market, with the Company’s B-VAULT\u2122 portfolio now exceeding 2 GWh of deployed or contracted systems globally. <\/p>\n\n\n\n EU Green Energy is a leading company for developing Eolic Power Plants in the Region, and other strategic projects on enhancing the production of green energy, which has transformed the company as a key factor in the region, on ensuring secure future for clean energy production and economic growth. Renewable Energy Projects under development by EU Green Energy LLC, include a considerable portfolio including projects for the production of renewable energy, from Wind Power, Solar Power, Hydro and Bio Power. EU Green Energy, incorporates the most advanced technological equipment\u2019s and methodologies in the development of the Green Energy Projects, ensuring compliance with European standards, and aiming the maximization of the renewable energy production. The Company aims to harness the abundant renewable resources of Albania delivering affordable, reliable, and sustainable energy to the Albanian economy and improving life of the communities, thus ensuring the safety and optimization of renewable energy market in Albania and the region. Please visit\u202f[insert website]<\/em> for more information. <\/p>\n\n\n\n Energy Vault\u00ae develops, deploys and operates utility-scale energy storage solutions designed to transform the world’s approach to sustainable energy storage. The Company’s comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company\u2019s technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault\u2019s innovative technology portfolio delivers customized short, long and multi-day\/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Since 2024, Energy Vault has executed an \u201cOwn & Operate\u201d asset management strategy developed to generate predictable, recurring and high margin tolling revenue streams, positioning the Company for continued growth in the rapidly evolving energy storage asset infrastructure market.\u202f<\/strong>Please visit\u202fwww.energyvault.com<\/a>\u202ffor more information. <\/p>\n\n\n\n <\/p>\n\n\n\nAbout EU Green Energy <\/strong> <\/h2>\n\n\n\n
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