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Vinson & Elkins Represents Energy Vault in Acquisition of U.S. Battery Energy Storage Projects and $40 Million Credit Facility

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Vinson & Elkins represented Energy Vault, Inc. (“Energy Vault”), a global leader in sustainable grid-scale energy storage and AI compute infrastructure solutions, in its acquisition of a portfolio of U.S. battery energy storage system (“BESS”) development projects from Goshe Energy Storage, LLC, a Boulder, Colorado-based developer, owner and operator of utility-scale BESS projects. In connection with the acquisition, Vinson & Elkins also assisted Energy Vault in securing a credit facility commitment of up to $40 million from S2G Investments, which will support the development, construction, and operations of the acquired portfolio.

The Vinson & Elkins corporate team was led by Partner Michael Gibson, with assistance from Senior Associate Christina Wu and Associates Krystina Denos and Allyson Grove. The Vinson & Elkins finance team was led by Partner Caitlin Lawrence with assistance from Senior Associate Natalie Harrison and Associates Kaylin Ervin, Syed Rizvi, and Mackenzie Brabham. Also advising were Partners Jenny Speck and David Strong and Associate Sarah McIntosh; Partner Mark Brasher and Associates Tom Aird and Kelly McGee; Partners Brenda Lenahan and Katherine Frank and Associate Chelsea Johnson; and Partner David D’Alessandro, Counsel Regina Ibarra, and Associate Reagan Gregory.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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