$NRGV: JUPITER POWER AND ENERGY VAULT SIGN LETTER OF INTENT TO SECURE 2.4 GWh OF DOMESTIC-CONTENT-QUALIFIED BATTERY ENERGY STORAGE SYSTEMS

The letter of intent agreement follows previously announced agreements between Jupiter Power and Energy Vault for BESS projects in Texas and California totaling 220 MWh, under which Energy Vault will supply a 100 MW (200 MWh) battery energy storage system at a Jupiter Power Facility near Fort Stockton, Texas, and additionally construct and commission a 10 MW (20 MWh) battery energy storage system for Jupiter Power in Carpinteria, California.

Blockquote