RackScale Data Centers has teamed up with Energy Vault Holdings for 2 gigawatts of power for data centers, the energy storage company said Dec. 11.
Plans are to utilize Energy Vault’s multi-story B-Nest hyperscale battery energy storage systems at data center sites developed by RackScale. Construction at data sites is scheduled to begin in 2026.
The partnership emerged as hyperscalers continue to lock in electricity, including from renewables and energy storage systems, to meet growing power needs. The surge in demand is driven in part by the computational power needs of artificial intelligence systems. Data center power demand is expected to surge by 160% by 2030, according to Goldman Sachs Research estimates.
“With the rapid increase in power demand from the rise of the data center sector, it is absolutely essential that renewable energy generation and storage become key points of focus to power the AI data center boom,” said Marco Terruzzin, chief commercial and product officer for Energy Vault.
The company said its B-Nest system is capable of storing up to 1.6 gigawatt hours of energy per acre, and the system’s ultra-high energy density enables it to provide each data center with full primary power for more than 10 hours.
“The B-Nest system’s high energy density and advanced safety design are game-changers for our operations, enabling us to accelerate firm grid power interconnections and onsite generation to meet the needs of our data center sites,” RackScale Data Centers CEO Trent D’Ambrosio said.
Recommended Reading
Exxon Mobil Appoints Imperial’s Evers to Managerial Role
2025-01-10 - Sherri Evers, Imperial Oil’s senior vice president of sustainability, commercial development and product solutions, has been appointed general manager for Exxon Mobil North America Lubes.
Kimmeridge Texas Gas Prices $500MM in Senior Notes Offering
2025-01-09 - Kimmeridge Texas Gas said the senior unsecured notes will be used to repay a portion of outstanding revolver borrowings and support the buildout of the company.
Lion Equity Partners Buys Global Compression from Warren Equipment
2025-01-09 - Private equity firm Lion Equity Partners has acquired Warren Equipment Co.’s Global Compression Services business.
Chevron Targets Up to $8B in Free Cash Flow Growth Next Year, CEO Says
2025-01-08 - The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects in Kazakhstan, U.S. shale and the offshore U.S. Gulf of Mexico.
Exxon Slips After Flagging Weak 4Q Earnings on Refining Squeeze
2025-01-08 - Exxon Mobil shares fell nearly 2% in early trading on Jan. 8 after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.