Energy Vault Holdings, Inc. (NYSE: NRGV) has secured a 275 megawatt (MW) capacity agreement for reciprocating engine-based power generation, tailored to support artificial intelligence and high-performance computing deployments. The contract leverages Rolls-Royce’s MTU technology, known for its modular design to facilitate phased rollouts. The equipment will integrate with onsite generation, battery storage, grid-forming power conversion, and power plant controls into a cohesive power architecture, enabling Energy Vault’s broader Powered Land strategy for AI campuses.
The deal is financed through dedicated equipment financing from Eagle Point Credit Management LLC, a firm managing over $14 billion for institutional and retail investors. Deliveries are scheduled to commence in the second half of 2027 through the first half of 2028. Energy Vault’s strategy centers on developing, financing, building, and operating long-term power assets under commercial agreements with hyperscale AI infrastructure providers, addressing critical power and deployment speed challenges for data centers.
Cory Magnuson, President of Asset Vault at Energy Vault, emphasized the importance of power availability and speed-to-market for AI deployments. By securing this capacity and financing, the company aims to strengthen its execution capabilities in delivering reliable, scalable power solutions to hyperscalers.
