Energy Vault starts deliveries to 1.25 GW Texas power project for AI computing

Energy Vault Holdings, a company that builds, owns and runs energy storage and power generation systems for utilities, industry and data centres, says it has begun deliveries to a 1.25 GW power project in Texas meant to serve AI computing. The update came in its third-quarter results release, issued from Westlake Village, California, on 10 November 2026 and filed the same day with the U.S. Securities and Exchange Commission.

Texas, Snyder and engine capacity

Robert Piconi, Energy Vault's chairman and chief executive, said deliveries to the Texas project started in the fourth quarter. The company, which had recently announced the project, describes it as a hybrid of generation and energy storage that will support AI compute infrastructure.

Piconi also said work has started on its Snyder AI modular data centre project. In the same statement he said the company had arranged financing covering 275 MW of generation capacity from Rolls-Royce MTU reciprocating engines, intended for AI infrastructure.

A strategic designation in Italy

Outside North America, Energy Vault said the Italian government has classed Digital Vault Sulcis, its AI infrastructure scheme on the island of Sardinia, as of pre-eminent strategic interest to the nation. Piconi said the company moved the development forward after that designation.

Battery storage in the U.S. and Australia

On the storage side, the company said it closed its purchase from Goshe Energy Storage of a 2.3 GW portfolio of U.S. battery energy storage projects still in development. It describes 350 MW of that portfolio as ready to build.

In Australia, Energy Vault reported three milestones for Stoney Creek, a battery energy storage system rated at 125 MW and 1 GWh. It said it had finished buying the site's land, obtained a development approval from the New South Wales state government and received formal approval to connect the site to the grid. Piconi said the grid approval arrived in the week before the release, and that it opens the way for construction to ramp up faster.

About the company

Energy Vault calls itself an energy infrastructure company operating worldwide that supports grid reliability as well as high-performance and AI computing. It says its platform is not tied to any one technology and is built around software, combining energy storage, generation and energy management. Its storage, it says, spans durations ranging from short to long and multi-day. To grid operators and utilities it offers firm, flexible capacity, and for industrial and data centre customers it aims to provide resilient power for critical operations, according to the company.