Westlake Village, Calif. & Istanbul -- Energy Vault Holdings, Inc. (NYSE: NRGV) and Astor Enerji (BIST: ASTOR) have signed a global strategic partnership to accelerate large-scale deployment of energy storage and grid infrastructure worldwide.

Under the agreement, Energy Vault will deliver up to 2 gigawatt-hours (GWh) of its B-VAULT™ battery energy storage systems (BESS) for Astor Enerji's four photovoltaic (PV) projects in Romania. The systems will be integrated with Energy Vault's VaultOS™ software to optimize performance and returns.

In return, Astor Enerji will supply more than 1 gigawatt (GW) of transformers and high-voltage equipment to support Energy Vault's BESS projects across the United States, Australia, and Europe. The partnership aims to ease supply chain bottlenecks in transformer procurement, which have seen delivery times in the U.S. stretch beyond 100 weeks.

"This partnership is about more than equipment supply -- it's about aligning two high-growth companies to solve the most pressing challenges in the energy transition," said Marco Terruzzin, Chief Revenue Officer of Energy Vault. "Together, we are building the technology and supply chain capacity to meet surging power demand from AI data centers and the rapid adoption of renewable energy. This is how we deliver power abundance and economic growth on a global scale."

"Energy Vault's innovative approach to energy storage, combined with their extensive global project pipeline, makes them an ideal partner as we expand our footprint in the rapidly growing battery storage sector," said Olcay DoÄŸan, Chief Financial Officer of Astor Enerji. "This agreement builds on our mission to deliver the grid infrastructure needed for a sustainable energy future, and we are excited to create lasting commercial and technological value together."

Source: businesswire.com