Energy Vault secures 275 MW generation capacity for AI projects

Energy Vault, a company focused on developing infrastructure for AI and high-performance computing, has secured 275 MW of reciprocating engine generation capacity. This capacity will be delivered from the second half of 2027 to the first half of 2028, with financing provided by Eagle Point Credit Management LLC. The power generation is crucial for supporting Energy Vault's Powered Land solutions and large-scale AI infrastructure projects.

The secured generation capacity is essential for addressing equipment availability and capital requirements in the development of AI infrastructure. Cory Magnuson, President of Asset Vault at Energy Vault, emphasized that this procurement gives the company greater control over equipment availability and capital, which are increasingly important factors for hyperscalers in deploying AI infrastructure.

The generation capacity will utilize Rolls-Royce MTU reciprocating engine technology, which is designed for data center infrastructure. The modular nature of the technology allows for phased deployment as Energy Vault expands its onsite power infrastructure. The equipment is expected to be integrated into Energy Vault's architecture, which combines generation, battery energy storage systems, grid-forming power conversion systems, and power plant controls.

Energy Vault's Powered Land strategy involves developing, financing, building, owning, and operating assets, including onsite generation, energy storage, electrical infrastructure, and controls, under long-term commercial agreements with hyperscale and AI infrastructure customers. The company manages $14 billion in assets on behalf of institutional and retail investors.