Mentioned:
Energy Vault is accumulating something new: Rolls-Royce MTU engine-generators.
What’s happening:
- Energy Vault (NYSE: NRGV) has secured 275 megawatts of Rolls-Royce MTU engine-generators
Why it matters:
- Rolls-Royce MTU engine-generators are capable of being deployed directly at data centres and operating without a direct connection to the grid
Going deeper:
- Energy Vault’s new purchase of Rolls-Royce gas engines was backed by dedicated equipment financing from private credit manager Eagle Point Credit Management
- Energy Vault just recently made waves when they landed a deal to deploy 1.35 gigawatts of integrated power infrastructure and battery energy storage systems for a data centre located in Texas
The intrigue:
- There has been a growing race to secure new sources of on-site power for data centres in the public markets lately, which just recently led SpaceX (NASDAQ: SPCX) to begin planning to build a blade and vanes foundry to cast hot-section parts for gas turbines and Google (NASDAQ: GOOG) to strike their largest ever deal for enhanced geothermal energy
