Energy Vault has signed what it calls its largest single commercial contract executed to date, supplying battery energy storage for a data center under a structure designed to bypass utility interconnection entirely, according to ESS News.
The company expects the agreement to generate USD 500 million to USD 600 million in revenue across the second half of 2026 and 2027, ESS News reported.
Energy Vault framed the contract as part of a shift in its business model. "As our largest single contract executed to date, this milestone agreement represents another important step in Energy Vault's strategic evolution from an energy storage technology pioneer into an integrated energy infrastructure provider," the company said.
The off-grid design removes the data center's dependence on a transmission connection queue. Interconnection timelines have become the binding constraint on new large-load projects, and a behind-the-meter storage build sidesteps that process rather than waiting through it.
The system is designed to be FEOC-compliant, a requirement that applies to US projects seeking federal incentives, according to ESS News. FEOC screening tests the ownership and control of equipment suppliers in a project's supply chain, and compliance determines whether a developer can claim those incentives.
The revenue range spans two reporting periods, placing recognition in the second half of 2026 and through 2027. That timing matters for a storage supplier whose quarterly results have historically swung on the delivery schedule of a small number of large projects.
Data center storage procurement at this contract size shifts the customer profile for grid-scale battery suppliers away from utilities and independent power producers. A single off-grid buyer contracting directly for power infrastructure carries a different credit and delivery structure than a utility-scale project financed against a power purchase agreement.
Energy Vault's own description of the deal as a step toward becoming an integrated energy infrastructure provider signals a move beyond equipment supply into project delivery.