BESS Weekly: a hyperscaler buys a grid instead of joining the queue

Energy Vault will supply 1.25GW of power infrastructure to a hyperscaler AI data center customer in Texas: batteries, grid-forming power conversion and control software paired with Caterpillar gensets and EPC. Worth $500M to $600M across 2026 and 2027, with no utility interconnection required.

Avantus closed an upsized $1.05B corporate credit facility led by SMBC Group, funding a 24GW pipeline of 13GW solar and 44GWh storage across California and the Desert Southwest.

Arevon brought its 300MW/1,200MWh Nighthawk project in Poway, California online, its largest standalone BESS, contracted long-term to PG&E, five months from a $920M financial close to COD.