GermanyEnergy Transition & Power Demand
Energy Vault Acquires 850 MW Japanese Battery Storage Portfolio from BayWa r.e.
Energy Vault Holdings has acquired an 850-megawatt Japanese battery energy storage system development portfolio from BayWa r.e., establishing its operational footprint in Japan. About 350 megawatts of the deal consists of advanced-stage projects tracking to reach the Notice to Proceed stage in the second half of 2027, with commercial operation dates projected to begin in mid-2028. The remaining 500 megawatts are early-stage projects, providing a multi-year development runway and expansion potential as the company scales its regional platform.