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Energy Vault acquires McMurtre BESS project in Texas

PUBLIC · NRGVMar 24, 2026

Acquiring Company

Energy Vault

Acquired Company

Belltown Power

Westlake VillageAvonManufacturingEnergyRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyPower GridBiomass EnergyClean EnergyEnergyRenewable EnergySolar

Description

Energy Vault has announced the acquisition of the McMurtre Battery Energy Storage System (BESS), a 175 MW / 350 MWh project located near Dallas, Texas, from Belltown Power. This acquisition supports Energy Vault's goal of deploying an initial 1,500 MW of BESS capacity. The project is expected to deliver notable revenues and enhance their energy storage portfolio. Energy Vault aims to contribute the project to its Asset Vault investment platform upon achieving Ready-to-Build status.

Company Information

Company

Energy Vault

Location

Westlake Village, California, United States

About

Energy Vault is the creator of renewable energy storage products that are transforming the world’s approach to utility-scale energy storage for grid resiliency. Applying conventional physics fundamentals of gravity and potential energy, the system combines advanced material science and proprietary, machine-vision AI software that autonomously orchestrates the charging and discharging of electricity using ultra low cost composite bricks and innovative mechanical crane systems. Utilizing 100 percent eco-friendly materials with the ability to integrate waste materials for beneficial re-use at unprecedented economics, Energy Vault is accelerating the shift to a circular economy and a fully renewable world. For more information about Energy Vault, please visit energyvault.com and @EnergyVaultInc.

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Frequently asked

Who acquired Belltown Power?

Belltown Power was acquired by Energy Vault, based in Westlake Village. The deal was reported on March 24, 2026. Energy Vault is the creator of renewable energy storage products that are transforming the world’s approach to utility-scale energy storage for grid resiliency. Energy Vault is publicly traded (NRGV) and operates in Manufacturing.

When did Energy Vault acquire Belltown Power?

Energy Vault's acquisition of Belltown Power was reported on March 24, 2026. Energy Vault has announced the acquisition of the McMurtre Battery Energy Storage System (BESS), a 175 MW / 350 MWh project located near Dallas, Texas, from Belltown Power. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Belltown Power do?

Belltown Power is a greenfield developer and long-term partner in utility-scale solar PV, energy storage, and wind projects across the US. It is privately held, operating in Energy, and is based in Avon.

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