Project Finance Brief: Energy Vault Acquires 150 MW Battery Storage Project

Recurrent Energy secures $825 million for Arizona energy projects

October 29, 2025

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Energy Vault, a utility-scale energy storage project developer, announced the acquisition and planned development of the SOSA Energy Center, a 150 MW/300 MWh battery energy storage system located in Madison County, Texas. The project, located in the ERCOT North market, is expected to receive notice to proceed in the fourth quarter of 2025, with commercial operation scheduled for the first quarter of 2027. Construction is expected to begin in Q4 2025.

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