Investing.com -- Energy Vault Holdings Inc (NYSE:NRGV) stock jumped 7% on Thursday after the company announced its entry into the Swiss market with two contracts for its B-VAULT FlexGrid energy storage system.
The grid-scale energy storage solutions provider signed agreements with Schindler Aufzüge AG and Energie Wettingen AG, marking the launch of its FlexGrid program designed for commercial and industrial customers. The program is based on a new configuration of Energy Vault’s B-VAULT battery energy storage system platform engineered for 2-25 MW applications.
At Schindler’s global headquarters in Ebikon, Energy Vault deployed a 2 MW/2-hour system, transforming a repurposed fire department depot into an energy storage hub. The system was fully installed, commissioned, and qualified by Swissgrid in less than four weeks.
"The system’s quiet operation and seamless integration with our solar generation make it a benchmark project for sustainable industrial operations in Switzerland," said Herbert Stadelmann, Head Real Estate & Facility Management at Schindler Aufzüge.
For Energie Wettingen, Energy Vault will supply an 8 MW/2-hour system featuring a two-level stacked configuration that doubles energy and power capacity within a limited footprint.
Both projects will operate under CKW’s Flexpool, Switzerland’s largest flexibility network, enabling participation in frequency regulation, voltage control, and reactive power markets.
Energy Vault has established a regional service and logistics center in Central Switzerland to support deployments across the EMEA region. The company’s global B-VAULT portfolio now exceeds 2 GWh of deployed or contracted systems spanning Europe, North America, and Asia.
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