Energy Vault acquires 175 MW battery storage project near Dallas


In the sprawl north of Dallas, where data centres are multiplying and the Texas grid groans under record demand, Energy Vault has placed a new bet on battery storage, and on the idea that the companies powering AI’s insatiable appetite for electricity will need far more of it, far faster.

The California-based energy storage company announced on Monday that it has acquired the McMurtre Battery Energy Storage System (BESS), a 175 MW / 350 MWh project near Dallas, from greenfield developer Belltown Power. The deal advances Energy Vault’s plan, first outlined at its 2025 Investor and Analyst Day, to deploy an initial 1,500 MW of battery storage capacity across the United States and beyond.

Why ERCOT North, and why now

The McMurtre project sits in the ERCOT North market, a region that has become one of the most contested patches of real estate in American energy. Rapid data centre construction near Dallas has driven sustained demand for grid stability and new generation capacity, and power price dynamics in the region remain among the strongest in the country. Energy Vault says it selected the interconnection point specifically for its revenue projections and proximity to that expanding compute infrastructure.

The project already holds an executed Small Generator Interconnection Agreement (SGIA) and full site control, two milestones that significantly de-risk the path to construction. Energy Vault expects to receive Notice to Proceed in the fourth quarter of 2026, with commercial operation targeted for December 2027.

The financial picture

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According to the company, McMurtre is expected to generate between $15 million and $20 million in average annual revenues over its technical life, translating to an estimated $350 million to $375 million or more in total lifetime revenues. These are forward-looking projections, however, and remain subject to the usual caveats around market conditions, permitting, and execution risk.

Energy Vault intends to contribute the project to its Asset Vault platform, a fully consolidated subsidiary that develops, builds, owns, and operates energy storage assets globally, once it reaches Ready-to-Build status. The company’s $300 million preferred equity investment commitment is designed to support projects like McMurtre as they advance through development and into construction, enabling over $1 billion in total project capital expenditure across the portfolio.

Three asset classes, one thesis

McMurtre is not just a standalone battery project. It fits into a broader strategic architecture that Energy Vault has been assembling around three complementary asset classes: battery energy storage systems, “powered land,” and “powered shells,” the latter referring to modular data centre infrastructure deployed close to energy assets.

That strategy took concrete shape in February 2026, when Energy Vault announced a framework agreement with Crusoe Energy Systems to deploy Crusoe’s Spark modular AI factory units at Energy Vault sites, starting with a 25 MW deployment in Snyder, Texas. The partnership marked the company’s formal entry into AI compute infrastructure and signalled that battery storage, in Energy Vault’s view, is not merely a grid-balancing tool but the foundational layer for a new class of energy-adjacent digital infrastructure.

Robert Piconi, Energy Vault’s chairman and chief executive, framed the acquisition in those terms. The company is building battery assets that enable powered shell deployments, which in turn serve the booming demand for AI compute capacity. McMurtre, he indicated, strengthens that foundation.

A growing portfolio

The acquisition brings Energy Vault’s total owned assets, whether acquired, under construction, or in operation, to 715 MW across all asset classes within its Asset Vault platform. Other projects in the pipeline include the 150 MW / 300 MWh SOSA Energy Center in Texas, the 57 MW / 114 MWh Cross Trails BESS in Texas, an 8.5 MW / 293 MWh resiliency centre in Calistoga, California, and two long-duration storage projects in New South Wales, Australia: the 125 MW / 1.0 GWh Stoney Creek BESS and the 100 MW / 870 MWh Ebor BESS.

The McMurtre system will use Energy Vault’s B-VAULT AC Technology Platform 3, the company’s latest battery product. Globally, the B-VAULT portfolio now exceeds 3 GWh of deployed or contracted systems across Europe, North America, and Australia.

The bigger question

Energy Vault’s wager is ultimately a bet on convergence: that the companies racing to build AI infrastructure will pay a premium for co-located, reliable power, and that vertically integrated storage operators are better positioned than anyone to deliver it. Whether that thesis holds will depend on execution, on ERCOT’s continued growth trajectory, and on whether the AI data centre buildout sustains its current ferocious pace.

For now, the McMurtre deal adds another tile to a mosaic that Energy Vault is assembling across three continents and, increasingly, across the boundary between energy and compute. The grid, it seems, is no longer just about keeping the lights on. It is becoming the scaffolding for something much larger.



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Recent Reviews


For three decades, the Subaru Outback has occupied a unique corner of the automotive world, carving out a niche that sits comfortably between a family wagon and a mountain-climbing SUV. With over three million sold since its debut, the Outback has become the literal and figurative utility player of the Subaru lineup.

Now entering its seventh generation, the 2026 Outback arrives when the average new vehicle price is at an all-time high, yet Subaru has kept its starting MSRPs reasonable, even dropping them in some instances. If you’re cross-shopping the Outback against other mid-size crossovers, here are the six best things about the 2026 Subaru Outback.

6

Affordable

High-value MSRP relative to the national average

One of the most compelling arguments for the 2026 Outback is its value proposition. While the average price of a new vehicle is hovering around or above $50,000, the Outback starts significantly lower.

The entry-level Premium begins at $36,445 (including destination), a figure that undercuts many rivals while still including standard all-wheel drive and a comprehensive suite of tech and safety features. Even the feature-heavy Touring XT and Wilderness trims typically stay under that $50,000 national benchmark, making the Outback a financially savvy choice for families.

Here is a fast trim level breakdown. The starting MSRP figures include the $1,450 destination fee.


2026-subaru-outback-wilderness-exterior-2-1.jpeg

subaru-logo.jpeg

Base Trim Engine

2.5-liter four boxer

Base Trim Transmission

CVT

Base Trim Drivetrain

All-Wheel Drive



Premium

Starting MSRP: $36,445

  • Heated seats.
  • Black rear badging.
  • Cargo tonneau cover.
  • Leather-wrapped steering wheel
  • Power rear gate w/ automatic close.
  • Removable rear trailer hitch bumper cover.
  • 18-inch aluminum-alloy wheels w/ dark gray finish.

An optional package for the Premium adds rain-sensing wipers, cloud-based navigation, a wireless smartphone charger, a heated steering wheel, and a moonroof for $2,270.

Limited

Starting MSRP: $43,165

  • Navigation.
  • Power moonroof.
  • Harman Kardon stereo.
  • Wireless smartphone charger.
  • Heated rear seats and steering wheel.
  • 18-inch aluminum-alloy wheels w/ matte black finish.
  • Perforated leather-trimmed upholstery w/ khaki stitching.

Touring

Starting MSRP: $46,845

  • Ventilated front seats.
  • Surround view monitor.
  • Lumbar and thigh support for the driver’s seat.
  • 18-inch black and machine-finish aluminum-alloy wheels.
  • Java Brown or Slate Black Nappa leather-trimmed perforated upholstery.

Limited XT

Starting MSRP: $45,815

  • Dual exhaust.
  • Surround view monitor.
  • 19-inch aluminum-alloy wheels w/ black finish.

Touring XT

Starting MSRP: $49,445

  • Includes all the features of the Touring, but with the higher-output 2.4-liter Boxer turbo.

Wilderness

Starting MSRP: $46,445

  • All-weather floormats.
  • Wireless smartphone charger.
  • 9.5 inches of ground clearance.
  • Electronically controlled dampers.
  • All-terrain Bridgestone Dueler tires.
  • Anodized copper exterior and interior accents.
  • 17-inch aluminum-alloy wheels w/ matte black finish.
  • Ladder-style roof rails w/ crossbar placement measurement markers.

Two optional packages are available for the Outback Wilderness. The first adds a moonroof, navigation, and a surround-view monitor for $2,045.

The second includes those, plus Nappa leather seats with copper stitching, ventilated front seats, a 12-way power-adjustable driver’s seat, and an eight-way power-adjustable passenger seat for an additional $4,090.

2026 Subaru Forester Hybrid driving on a dirt trail


2026 Subaru Forester Hybrid defies trends with a surprising $1,800 price drop

581-mile range, standard AWD, and updated safety features.

5

Two capable powertrain options

Standard Symmetrical AWD

Close-up shot of the engine under the hood of a 2026 Subaru Outback. Credit: Subaru

Two Boxer (i.e., horizontally opposed) engines are available for the 2026 Outback, depending on the trim level. Premium, Limited, and Touring feature a naturally aspirated 2.5-liter four-cylinder with 180 horsepower (5,800 rpm) and 178 lb-ft. of torque (4,800 rpm).

Limited XT, Touring XT, and Wilderness have a 2.4-liter turbocharged four-cylinder with 260 horsepower (5,600 rpm) and 277 lb-ft. of torque (2,000 to 4,800 rpm). Despite being a turbo engine with a higher power output, it does not require premium fuel.

Both engines are paired to a Lineartronic CVT (continuously variable transmission) with an eight-speed manual shift mode and Subaru’s Symmetrical All-Wheel Drive system.

The X-MODE system is also standard, which can be used on a muddy path, a gravel road, or during a snowstorm. X-MODE uses the same sensors as the Symmetrical All-Wheel Drive system, making additional adjustments to the Outback to ensure the best possible traction.

4

Significant tech leap with Snapdragon power

Owners can create individual profiles

Subaru has addressed the issue of infotainment lag, one of the biggest complaints from previous owners. The 2026 Outback features an all-new infotainment system, with navigation map swipe now up to three times faster, audio screen transitions up to six times faster, and overall scroll response up to two times faster. Notable updates and improvements include:

  • Optimized Display: A 12.1-inch higher-resolution touchscreen replaces the previous 11.6-inch unit. The screen reduces unwanted glare and light reflections by up to 80%.
  • Better Graphics: Powered by a Snapdragon 8 Automotive Processor, it features an octa-core architecture and an Adreno GPU.
  • More Memory: Approximately 2.5 times faster computing performance, with memory doubled from 4 GB to 8 GB and storage expanded from 64 GB to 128 GB.
  • Connectivity: Supports wireless Android Auto and Apple CarPlay, HD Radio, Bluetooth phone and audio streaming, Google Built-in services (Google Assistant/Maps), and automatic updates.
  • Personalization: Owners can create individual profiles and configure the 12.3-inch digital gauge cluster to highlight certain features and information. The 12.3-inch cluster is also new for the 2026 Outback.

While the overhauled infotainment system is a selling point, one current 2026 Outback owner has reported that Apple CarPlay functionality and the wireless charging pad don’t always work as intended.

AstroAI Battery-powered Tire Inflator.

Brand

AstroAI

Capacity

Up to 8 car tires (single charge)

This AstroAI mini tire inflator is perfect for keeping in your glove box when traveling. It’s portable and battery powered, meaning you don’t have to plug it in to use it. Plus, you’re able to set the exact tire pressure you want it to inflate to and it’ll automatically stop when it reaches that pressure. 


3

Return of physical climate controls

Small things add up

2026 Subaru Outback interior (5) Credit: Subaru

In a rare move that prioritizes driver ergonomics over minimalist trends, Subaru has brought back physical buttons and knobs for the climate control system. While the large 12.1-inch screen handles navigation and media, the often-used functions, like cabin temperature and fan speed, can now be adjusted by feel without taking your eyes off the road.

According to the J.D. Power 2025 U.S. Initial Quality Study, infotainment touchscreens are the study’s most problematic category, with consumers expressing a general dislike for what is sometimes described as “infotainment creep.” Subaru’s decision to have physical buttons for some of the most common vehicle functions is a small change that buyers are likely to appreciate.

2006 Saab 9-5 interior


Before touchscreens became the standard, BMW, Saab, and Lexus got it right

Better than a generic tablet glued to the dashboard.

2

Advanced “hands-off” driving system

Using GPS and 3D maps

Every 2026 Outback is standard with Subaru’s EyeSight package, which includes active safety features such as haptic steering wheel alerts, automatic emergency steering, lane keep assist, blind-spot and rear cross-traffic warnings, and reverse automatic braking.

Also standard is a feature called Emergency Stop Assist, which will stop the 2026 Outback if the driver becomes unresponsive while using the adaptive cruise control. Once stopped, the Outback can activate the hazard lights, unlock the doors, and call 911.

The Touring and Touring XT are standard with Highway Hands-Free Assist. Using GPS data and 3D high-definition maps, the system can manage steering, braking, and lane changes on compatible highways with an attentive driver. Highway Hands-Free Assist does require an active MySubaru Companion or Companion+ subscription, which typically includes a five-year trial for 2026 models.

1

Genuine off-road capability

Plenty of ground clearance

Static front 3/4 shot of a blue 2026 Subaru Outback Wilderness. Credit: Subaru

Unlike many “soft-roaders” that simply add plastic cladding, the 2026 Outback offers hardware that backs up its muscular look, especially with the Wilderness model.

Every Outback comes with at least 8.7 inches of clearance to begin with, but the Wilderness trim bumps that to 9.5 inches. Combine that with the all-terrain Bridgestone Dueler tires, electronically controlled dampers, all-weather floormats, and ladder-style roof rails, and the 2026 Outback Wilderness is the ideal weekend getaway vehicle.

Wilderness models also have a variation of X-MODE called Dual Mode, which includes specific settings for snow, dirt, and mud, along with hill descent control.

Salesperson in a dealership showroom handing a family keys to a new car.


3 insider tricks to get VIP treatment at any car dealership

Red carpet treatment, even if you buy something used.

Charitable causes and factory warranty

While the 2026 Subaru Outback makes a strong case for itself through an optimized infotainment system and rugged hardware, the ownership experience extends beyond the driver’s seat. For many buyers, the appeal of a Subaru lies in the brand’s alignment with social and environmental causes.

A prime example is the Subaru Love-Encore program launched in partnership with Gifts for Good. The program invites new customers back to the Subaru dealer about two weeks after purchase to meet with a staff member who can answer any questions they have about their new Subaru.

At that time, customers can choose either a mission-aligned product or direct the gift’s value to charity. Each physical gift is an ethically sourced product that comes with a story card, so customers can read about the impact the gift selection has made. Customers also have the option to redeem the gift’s value towards a charitable cause.

Every 2026 Subaru Outback has a three-year/36,000-mile bumper-to-bumper warranty and a five-year/60,000-mile powertrain warranty.



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