Contract revenue backlog of $648 million, up 49% year-to-date on Australia and U.S. strength Q1 2025 Revenue increased by 10% versus prior year to $8.5 million driven by Australia projects and India license Q1 2025 GAAP gross margin more than doubled to 57.1% versus prior year on favorable regional and revenue mix Quarter-end Cash improved 57% versus year-end 2024 to $47.2 million as the Calistoga project financing was... Read More

WESTLAKE VILLAGE, Calif. / Apr 28, 2025 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced today that the Company will release its earnings results for the first quarter ended March 31, 2025 on Monday, May 12, 2025 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453,... Read More

WESTLAKE VILLAGE, Calif. / Apr 25, 2025 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that, effective on March 5, 2025, the Compensation Committee of Energy Vault’s Board of Directors granted to 12 new, non-executive employees, restricted stock unit awards covering 637,600 shares of its common stock under the Energy Vault Holdings, Inc. 2022... Read More

WESTLAKE VILLAGE, Calif. / Apr 17, 2025 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that it received notice from the New York Stock Exchange (the “NYSE”) on April 16, 2025, indicating that Energy Vault is not in compliance with NYSE’s continued listing standards because the average closing price of Energy Vault’s common stock was less than $1.00... Read More

Energy Vault achieved the highest ESG ranking above all other energy storage companies in its industry by S&P Global Ratings; ESG score from S&P Global Ratings increased 37% from 2023's top quartile performance, placing Energy Vault in the 98th percentile of reporting industry Energy Vault shares updates related to a 2024... Read More

Hixon brings extensive Board of Directors and industry experience as a longtime investor focused on transformative technologies Hixon to replace Bill Gross as an independent Director, with Gross transitioning to an advisory role focused on applications of gravity energy storage technology to high growth data center segments WESTLAKE VILLAGE, Calif. / Apr 09, 2025 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV)... Read More

Initial 500MWh capacity of ~$100 million to be delivered under equipment contracts by Energy Vault over the next 12 months during the local Indian manufacturing build out, and expected to ramp over the next 10 years to 30-40+ GWh SPML Infra, one of India's largest and longest running urban infrastructure developers of water treatment, solid waste management and clean energy assets, perfectly positioned to minimize import... Read More

$28 million project financing, inclusive of the completed sale of the Investment Tax Credit associated with the project, returns cash back to Energy Vault’s balance sheet for the first resiliency center deployed in California (Calistoga) for PG&E to reduce wildfire risk and manage Public Safety Power Shutoff (PSPS) events This... Read More

Contract Revenue backlog increased 90% to $660 million from prior quarter of $350 million, more than quadrupling on a year-over-year basis, reflecting strength in Australia and new US IPP and utility customers and acceleration of asset ownership with long-term offtake agreements Strong growth in Australia in executing on over 2.6 GWh of projects, including the recently announced agreement to acquire the 1.0GWh Stoney Creek... Read More

The 125 MW / 1,000 MWh Stoney Creek Battery Energy Storage System (BESS) is supported by a 14 year Long Term Energy Services Agreement (LTESA) as previously announced, adding a contracted long duration energy storage asset to Energy Vault’s balance sheet for predictable, long term revenue streams The Stoney Creek BESS complements Energy Vaults’ growing number of energy storage projects under execution across Eastern... Read More

WESTLAKE VILLAGE, Calif. / Mar 05, 2025 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable grid-scale energy storage solutions, today announced it has rescheduled its previously announced earnings conference call on March 11, 2025 to Monday, March 17, 2025 at 4:30pm ET, to coincide with the filing of its Annual Report on Form 10-K the same day. Participants... Read More

LTESA award secures up to 14 years of project revenue support to complement the expected project merchant revenues Previously announced 1 GWh and AUD $350 million (~USD $220 million) BESS energy storage system confirmed as 8-hour duration, making it one of the first and largest long duration BESS systems announced in New South Wales (NSW) The Stoney Creek BESS, submitted via a joint Enervest-Energy Vault Consortium bid, will... Read More

Start of construction marks a major milestone for Energy Vault as the company begins its first mobilization of a Battery Energy Storage System (BESS) in the Australian market Energy Vault, ACEN Australia joined by local officials and Anaiwan First Nations leaders for welcome ceremony at New England Solar in New South Wales... Read More

WESTLAKE VILLAGE, Calif. / Feb 21, 2025 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2024 on Tuesday, March 11, 2025 followed by a conference call at 4:30 PM ET. Participants may access the call... Read More

State Electricity Commission (SEC) Renewable Energy Park - Horsham BESS to provide flexible, grid-scale energy storage solution, supporting the delivery of affordable and reliable renewable energy to more than 50,000 Australian homes while enhancing grid stability Collaboration serves as a further expansion of Energy Vault’s rapidly-growing commercial footprint in the Australian market following previously announced project... Read More

Strategic partnership to expedite NuCube’s NuSun™ microreactor, coupled with Energy Vault material science and storage solutions, for rollout at high-energy demand locations, including data centers This flexible baseload solution will serve the U.S. data center market estimated to consume 500 TWh in 2028, equivalent to 60GW of power generation needs WESTLAKE VILLAGE, Calif. & IDAHO FALLS, Idaho / Jan 15, 2025 / Business Wire... Read More

The partnership will focus on deployment of the Energy Vault B-Nest™, a proprietary hyperscale energy storage solution comprised of a multi-story battery system, for data center sites The B-Nest™ provides 8X the energy density vs standard battery solutions, enabling space-constrained sites without firm power to accelerate... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Nov 29, 2024 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that, effective on November 26, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted to 3 new, non-executive employees, restricted stock unit awards covering 96,000 shares of its common stock under the Energy Vault... Read More

Revenue backlog grew 33% quarter-over-quarter to $350 million primarily reflecting new contracts in the U.S. with Jupiter Power and Gridmatic; Australia project awards now exceed 2.6GWh Transitional Q3 2024 revenue yielded 40%+ GAAP gross margin with higher services and software content; YTD 2024 GAAP Gross Margins are 28.3% Operating expense improved to $27.6 million in Q3 2024; Adjusted operating expense improved 13%... Read More

Cross Trails BESS to provide energy and ancillary services to support renewable energy production and improve grid resiliency in the Electric Reliability Council of Texas (ERCOT) region Upcoming deployment demonstrates Energy Vault’s execution on its growth strategy to maximize capital efficiency and profitability in building, owning and operating energy storage infrastructure WESTLAKE VILLAGE, Calif. & CUPERTINO, Calif. /... Read More

WESTLAKE VILLAGE, Calif. / Nov 04, 2024 / Business Wire / Energy Vault Holdings Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that it received written notice from the New York Stock Exchange (the “NYSE”) stating that the Company regained compliance with the minimum continued listing criteria set forth in Section 802.01C of the NYSE Listed... Read More

TIME’s list of 200 groundbreaking inventions highlights innovations that are changing how we live, work, play, and think about what’s possible EVx gravity energy storage system technology, developed for large-scale storage projects, combines time-tested energy storage principles, modern hardware and software engineering, and... Read More

BESS $350 million + agreement to provide flexible, grid-scale energy storage, advancing renewable energy generation and enhancing the stability of the New South Wales power grid Energy Vault continues its expansion in the Australian market and executing on its global growth plans as outlined in its May 2024 Investor and Analyst Day meetings WESTLAKE VILLAGE, Calif. & MELBOURNE, Australia / Oct 21, 2024 / Business Wire /... Read More

WESTLAKE VILLAGE, Calif. / Oct 10, 2024 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the third quarter ended September 30, 2024 on Tuesday, November 12, 2024 followed by a conference call at 4:30 PM ET. Participants may access the call at... Read More

Initial project financing for groundbreaking green hydrogen project in Calistoga, CA expected in Q4 Process follows through on initiative first laid out during its May 2024 Investor and Analyst Day to maximize capital efficiency in its ‘Own & Operate’ IPP strategy Management to accelerate investment strategy and increase potential capital deployment based upon significant proactive inbound investor interest WESTLAKE VILLAGE,... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Sep 27, 2024 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that, effective on September 24, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering aggregate of 100,000 to new, non-executive employee under the Energy Vault Holdings, Inc.... Read More

Energy Vault achieves a Corporate Sustainability Assessment (CSA) score of 68 (out of 100) according to S&P Global ESG Ratings, ranking in the 98 th percentile of Machinery and Electrical Equipment (IEQ) industry companies to date WESTLAKE VILLAGE, Calif. / Sep 25, 2024 / Business Wire / Energy Vault Holdings, Inc. (NYSE:... Read More

WESTLAKE VILLAGE, Calif. / Sep 13, 2024 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that it received notice from the New York Stock Exchange (the “NYSE”) on September 13, 2024, indicating that Energy Vault is not in compliance with NYSE’s continued listing standards because the average closing price of Energy Vault’s common stock was less than... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Aug 08, 2024 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that, effective on August 2, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted to 5 new, non-executive employees, restricted stock unit awards covering 507,000 shares of its common stock under the Energy Vault... Read More

Announced new 400MWh battery storage project in Australia with ACEN, hired new Head of Global Sales and entered partnership with structural engineering firm Skidmore Owings & Merrill (SOM) to integrate gravity energy storage within superstructure building design Q2 GAAP Gross margin of 27.8% driven by strong management and execution on U.S. battery projects Q2 GAAP Net Loss of $(26.2) million; Q2 Adjusted EBITDA improved... Read More

The hybrid energy storage system utilizes Energy Vault’s new EV0™ modular pumped hydro gravity storage technology plus lithium-ion batteries, and powered by VaultOS™ energy management software, is proposed to be deployed in 500-meter-deep shafts at the largest former coal mine in Italy, owned by the Sardinia Regional... Read More

Energy Vault has realigned its organization to accelerate growth and market adoption of its diversified portfolio of energy storage solutions across all durations, enhancing and streamlining go-to-market strategy while rapidly expanding its regional operations in Australia Executed on a series of cost savings measures that will result in annualized savings of $6 - 8 million; The Company is reiterating its target of quarterly... Read More

Built with Energy Vault’s proprietary B-Vault AC block and managed by the VaultOS Energy Management System, the St. Gall Battery Energy Storage System (BESS) is fully grid-connected, providing clean power and improving grid resiliency in Fort Stockton, Texas area WESTLAKE VILLAGE, Calif. / Jul 24, 2024 / Business Wire / Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable,... Read More

WESTLAKE VILLAGE, Calif. / Jul 15, 2024 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2024 on Tuesday, August 6, 2024 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-844-826-3033,... Read More

ACEN Australia and Energy Vault to begin deployment of two battery energy storage systems (BESS), with a total capacity of 200 MW/400 MWh, at ACEN Australia’s 720 MW New England Solar project The project will be built using the most advanced grid-forming inverter technology which can provide system stability services that coal, hydro and gas generators currently provide Grid-forming inverters will be integrated with Energy... Read More

Energy Vault is partnering with leading architecture and engineering firm SOM to design the future of sustainable building architectures that enable accelerated carbon paybacks for the first time Energy Vault recently unveiled next generation of G-VAULT ™ gravity energy storage solutions, including EVu™, EVc™, EVy™, and EV0™... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / May 17, 2024 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on May 16, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted (i) to 1 new, non-executive employee, a restricted stock unit award covering 4,315 shares of its common stock under the Energy Vault Holdings, Inc.... Read More

ACEN Australia and Energy Vault to collaborate on battery energy storage system (BESS) deployments, with 200 MW/400 MWh system, at ACEN Australia’s 720 MW New England Solar The 50 MW/100 MWh and 150 MW/300 MWh New England Solar BESS deployments will begin construction in the second half of 2024 with the start of commercial operations expected in 2025 Agreement with one of Australia’s largest renewable energy producers... Read More

Revenue of $7.8 million from recognition of Utility and IPP storage projects, in-line with expectations; Licensing revenue from GESSOL in Southern Africa is expected later in 2024 GAAP Gross Margin of 26.7% driven by strong management and execution on US battery projects Cash OpEx of $16.7 million, improved 22% year-over-year and 14% quarter-over-quarter Quarter-end Cash and Cash Equivalents of $136.8 million, within Q1... Read More

Rudong 25 MW/100 MWh EVx system, the world’s first commercial, grid-scale gravity energy storage system, successfully tested and commissioned by China Tianying (CNTY) on May 4 at celebration attended by Chen Huiyu, Secretary of the County Party Committee Successful testing followed mechanical completion in September 2023 and... Read More

The 220MW/440MWh grid-tied system is the largest BESS owned by Nevada Energy and was delivered under a full turnkey contract between Energy Vault and the Nevada Utility WESTLAKE VILLAGE, Calif. & LAS VEGAS / Apr 25, 2024 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in... Read More

WESTLAKE VILLAGE, Calif. / Apr 19, 2024 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will host its inaugural Investor & Analyst Day on Thursday, May 9, 2024 in New York. The event will begin at 9:00 AM ET, be livestreamed, and all parties interested in attending virtually can... Read More

ESG score from S&P Global increased 200% from 2022, placing Energy Vault in the 94th percentile of reporting industry Energy Vault shares early-stage data and 2023 activations of newly established sustainability infrastructure, systems, protocols, standards, and metrics from which the organization measures current and future... Read More

Seasoned financial executive to bring decades of experience in the energy, tech and transportation sectors to leading global energy storage company WESTLAKE VILLAGE, Calif. / Apr 04, 2024 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Michael Beer as Chief Financial Officer. Beer will... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Mar 29, 2024 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on March 27, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 162,500 shares of its common stock to 10 new, non-executive employees under the Energy... Read More

FY 2023 revenue of $341.5 million, up 134% YoY and 18% QoQ, within annual guidance range Increased cash position to $146 million with no debt, above prior guidance of $132 million from Q3 2023 Reduced quarterly cash Operating Expense run rate by 25-30% through actions taken in Q4 2023, enabling a 2024 reduced quarterly cash OpEx of $13-15 million to accelerate shift to cash flow positive exiting 2024 and FY 2025 FY 2023... Read More

Rudong 25 MW/100 MWh EVx system became fully interconnected to the local state utility grid in December 2023 as planned, enabling full commissioning, inverse power and operational activity powered by the State Grid A second EVx system in Zhangye City, Gansu Province, started in Q2 2023 has completed foundation work and initial... Read More

Hybrid Green Hydrogen plus Battery energy storage system will be capable of powering approximately 2,000 electric customers within PG&E’s Calistoga microgrid for up to 48 hours (293 MWh of carbon-free energy) Project supported by a 10.5-year tolling agreement; Commercial operation expected by the end of Q2 2024, solidifying... Read More

WESTLAKE VILLAGE, Calif. / Feb 05, 2024 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 12, 2024 followed by a conference call at 4:30 PM ET. Participants may access the call... Read More

License executed with GESSOL (Pty), a South Africa-based consortium including WBHO, one of the largest listed EPC companies in Southern Africa (JSE: WBO), iX Engineers and Sizana Solutions Agreement includes multi-year license revenues and additional royalty revenue streams tied to project deployments in South Africa and the broader 16 member-state Southern African Development Community (SADC) region License includes... Read More

Ms. Unwin brings extensive industry experience and leadership from executive roles at leading energy and renewables companies, including Horizon Power and Zenith Energy WESTLAKE VILLAGE, Calif. / Dec 14, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Stephanie Unwin to the... Read More

Comprehensive technical due diligence evaluation of B-VAULT™ provides third-party assessment of performance, safety and reliability Report highlights uniqueness of the flexibility and integration capabilities of B-VAULT to meet a wide range of grid applications WESTLAKE VILLAGE, Calif. / Dec 04, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable,... Read More

WESTLAKE VILLAGE, Calif. / Nov 30, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that Chairman and Chief Executive Officer, Robert Piconi, will participate in the SHARE Series event on Monday, December 4, 2023 at 1:00 pm ET. This event will be in a fireside chat format and directed to provide... Read More

WESTLAKE VILLAGE, Calif. / Nov 17, 2023 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on November 13, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 155,644 shares of its common stock to 12 new, non-executive employees under the Energy Vault Holdings, Inc.... Read More

Revenue of $172.2 million driven by multiple energy storage deployments within the US market Announced five new Gravity Energy Storage System projects under the license and royalty agreement with Atlas Renewables totaling 1.2 GWh as the first 100 MWh system nears completion outside Shanghai Project Awards increased by 5.5 GWh, or 153% YTD while Bookings increased by 800 MWh, or 49% YTD Commercial operation for the Wellhead... Read More

Built with Energy Vault’s proprietary system design and Energy Management System, the Stanton Battery Energy Storage System is one of the largest energy storage systems in Southern California The 68.8 MW/275.2 MWh battery energy storage system is fully operational at its maximum capacity, providing clean power and improving grid resiliency in Southern California Edison Southwest LA region Ribbon cutting ceremony to be held... Read More

China Tianying’s recently announced projects bring planned EVx deployments in China to seven, totaling 3.26 GWh, or $1+ billion in project scope Additional EVx projects confirm the strategic value of the gravity energy storage technology for China, the largest energy storage market in the world, where Energy Vault collects a... Read More

Colson brings over two decades of experience in the energy capital markets on both the buy and sell-side WESTLAKE VILLAGE, Calif. / Oct 25, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced the appointment of Bernie Colson, CFA as Vice President of Investor Relations. With over two decades of experience in... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Oct 17, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the third quarter ended September 30, 2023 on Tuesday, November 7, 2023 followed by a conference call at 4:30 PM ET. Participants may access... Read More

Company to showcase industry-leading portfolio of economic and sustainable solutions and product offerings engineered to increase the financial and environmental value of customers’ energy assets LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Sep 11, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, will be... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Sep 01, 2023 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on August 28, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 229,556 shares of its common stock to 15 new, non-executive employees under the Energy... Read More

Revenue of $39.7 million reflecting 247% q/q sequential growth while executing to customer delivery expectations across all projects. GAAP gross margin of 9.9%, or $3.9 million, driven by battery energy storage deployments during the quarter; YTD 2023 GAAP gross margin of 12.5%. Improved adjusted EBITDA and net income results reflecting focus on operating margin expansion as revenue ramps combined with prudent OPEX... Read More

After achieving mechanical completion of the critical power electronic components, commissioning of the newly constructed EVx started in June as planned, and is expected to be fully interconnected to the local state utility grid in the fourth quarter of this year The system will be the world’s first commercial, grid-scale... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Jul 24, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2023 on Tuesday, August 8, 2023 followed by a conference call at 8:30 AM ET. Participants may access the... Read More

ATLANTA, June 26, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, announced that Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”), a leader in sustainable grid-scale energy storage solutions, has selected Chart as the supplier of... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / May 15, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that Bleecker Street Research has issued retractions and corrections to its December 2, 2022 short seller report about Energy Vault. On December 8, 2022, Energy Vault issued a public response to... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / May 12, 2023 / Business Wire / Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on May 10, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 228,200 shares of its common stock to 18 new, non-executive employees under the Energy Vault... Read More

New project awards increased by ~$1 billion (2.8 GWh), of which ~$725 million (2 GWh) were gravity EVx systems Recognized revenue of $11.4 million, in-line with expectations, and driven by construction progress of US-based BESS systems GAAP gross margin of 21.2%, or $2.4 million, driven by the Company’s BESS project activity during the quarter Reaffirm full-year 2023 financial guidance and project deliveries, including... Read More

Inaugural report developed in-line with Global Reporting Initiative standards and creates a framework for achievement including strategic alignment with governing standards Energy Vault details its sustainability strategy, incorporating awareness and alignment with the United Nations Sustainable Development Goals LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / May 08, 2023 / Business Wire / Energy Vault Holdings, Inc.... Read More

The letter provides extensive new photos of the progress made at the Company’s first EVx deployment and details developments with key stakeholders across China and Mongolia LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Apr 25, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, today announced it has published a... Read More

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. / Apr 24, 2023 / Business Wire / Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the first quarter ended March 31, 2023 on Tuesday, May 9, 2023 followed by a conference call at 4:30 PM ET. Participants may access the call... Read More

Financial Highlights Fourth quarter 2022 revenue of $100.3 million, driven by the Company’s gravity energy storage territory expansion and execution ahead of schedule on a California 275MWh storage project with expected COD in July 2023. Revenue for the year ending December 31, 2022 totaled $145.9 million, driven by the strong Q4 project ramp from contracts executed in Q3 2022. Fourth quarter 2022 loss from operations of... Read More

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on February 24, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 693,203 shares of its common stock to 25 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2022 on Tuesday, March 7, 2023 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use... Read More

Fariello brings decades of experience and leadership in government affairs at FORTUNE 500 companies, including United Airlines and ExxonMobil Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Theresa Fariello to the Company’s Board of Directors effective February 1, 2023. She replaces Henry Elkus, Founder... Read More

Revises full year 2022 revenue range to $142 – $152 million from previous $75-100 million Significant fourth quarter over-performance driven by U.S. energy storage project execution and global gravity storage territory expansions Updated 2023 outlook to be provided concurrent with upcoming earnings results in late-February 2023 Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in... Read More

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on January 9, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 614,600 shares of its common stock to 29 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or... Read More

Hybrid system will be capable of powering approximately 2,000 electric customers within PG&E’s Calistoga microgrid for up to 48 hours (293 MWh of carbon-free energy) during a planned outage This Long-Duration Energy Storage System is the first-of-its-kind and integrates a short duration battery system, for grid forming and... Read More

Energy Vault awarded project by Nevada’s largest electric utility to deploy a 220MW/440MWh battery energy storage system (BESS) The BESS, one of the largest in Nevada, is expected to start construction in Q2 2023 with commercial operation expected by the end of 2023 Energy Vault has approximately 4.8 GWh of contracted and awarded projects across short and long storage durations, a clear evidence of the strong market... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today provided the following response to the recent short seller report issued by Bleecker Street Research who has a disclosed economic incentive to negatively influence the Company’s stock price. The report, issued on December 2, 2022, contains factual inaccuracies, mischaracterizations... Read More

Third quarter 2022 revenue of $1.7 million, driven by revenue from the energy storage projects with Jupiter Power in Texas and California. Revenue for the first nine months ending September 30, 2022, totaled $45.6 million, driven mainly by gravity energy storage licensing revenue with Atlas Renewable. Third quarter GAAP loss... Read More

J an Kees van Gaalen is a seasoned finance executive with more than 30 years of experience in the energy and mining industries Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault”) (the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Jan Kees van Gaalen as Chief Financial Officer. Mr. van Gaalen will replace David Hitchcock, who has served as... Read More

Jensen to lead global deployments of gravity and battery energy storage solutions, bringing over three decades of power industry engineering, construction, commissioning and project management experience Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of E.B. Jensen as Senior Vice President of Project... Read More

AEMO Advanced Grid Studies for 500MWh Energy Vault BESS Solution kicks off in Australia First BESS award for short duration storage in the Australian market follows previous announcements earlier this year of Gravity Energy Storage System (GESS) development on a multi-GWh basis for long duration energy storage in the region, demonstrating rapid execution and market adoption of Energy Vault’s solutions and hardware-agnostic... Read More

Jupiter Power LLC (" Jupiter Power " or "Jupiter"), the leading United States developer and operator of utility-scale, battery energy storage systems ("BESS"), today announced the execution of an agreement with Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions. Under this agreement, Jupiter Power and Energy Vault will expeditiously collaborate to secure 2.4... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced further development for the EVx gravity energy storage platform in China. Specifically, a mandate has been issued announcing an initial 2-gigawatt hour (2 GWh) gravity energy storage project and the deployment of Energy Vault’s Energy Resiliency Centers (ERC’s) at the zero carbon industrial... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the appointment of Craig Horne, Ph.D., as Vice President, Advanced Energy Storage Development. Dr. Horne will be based in Energy Vault’s U.S. headquarters in Westlake Village, Calif. Dr. Horne began working with energy storage technologies more than 30 years ago and joins Energy Vault with... Read More

Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the signing of the Stanton Energy Storage System (SESS) EPC contract with Wellhead Electric Company, Inc. (“Wellhead Electric”) and W Power, LLC, (“W Power”), a woman-owned business enterprise that has developed and owned power generation facilities in California. The... Read More

Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, and Jupiter Power (“Jupiter”), a leading battery energy storage developer and owner/operator of utility-scale battery energy storage projects in the United States, today announced the signing of two contracts whereby Energy Vault will supply equipment, engineering, procurement,... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the second quarter ended June 30, 2022. Robert Piconi, Chairman, Co-Founder and CEO of Energy Vault, stated, “Strong progress was made during the quarter as evidenced by the announcements today across our gravity EVx and Energy Vault Solutions portfolio as... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault” or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the completion of the redemption of all outstanding public warrants (other than Private Placement Warrants held by the Sponsor or its Permitted Transferees through and including the Redemption Date) (as defined in the Warrant Agreement) (the “Public Warrants”) to... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault” or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that as of July 25, 2022, approximately 7.0 million of the total approximately 9.6 million outstanding public warrants (“Public Warrants”) to purchase shares of Energy Vault’s Class A common stock (the “Common Stock”) that were issued under the Warrant Agreement,... Read More

Energy Vault Holdings, Inc . (NYSE: NRGV, NRGV WS) (“Energy Vault), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2022 on Monday, August 8, 2022 followed by a conference call at 8:00 AM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that management and senior officers of the Company entered into new time and performance based Lock-up Agreements (“Lock-up Extension”) extending the lock-up deadlines as defined by the original lock-up agreements entered into on February 11, 2022 in connection with the... Read More

Energy Vault Holdings, Inc . (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced that they have joined the Russell 2000 ® Index following the conclusion of the 2022 Russell indexes annual reconstitution, effective today, Monday, June 27, 2022 at market open. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the appointment of Lucas Sadler as Vice President of Sales and Business Development, Asia & Pacific (APAC), based in Melbourne, Australia. Sadler joins Energy Vault with more than 30 years of sales leadership experience across the renewable energy, power generation and energy storage... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2022. Energy Vault Chief Executive Officer, Robert Piconi stated, “The first quarter of 2022 marked a monumental period for our company as we successfully completed our go-public transaction, combining a twice up-sized PIPE and our... Read More

Energy Vault Holdings, Inc . (NYSE: NRGV, NRGV WS) (“Energy Vault”), a leader in sustainable, grid-scale energy storage solutions, today announced the appointment of Josh McMorrow as the company’s Chief Legal Officer. “I am pleased to welcome Josh as the newest member of our leadership team,” said Robert Piconi, Chairman, Co-Founder and CEO, Energy Vault. “Josh’s broad international experience spanning several relevant... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault), a leader in sustainable, grid-scale energy storage solutions, today announced an increase in scope for its initial energy storage project with DG Fuels LLC (“DG Fuels”) in Louisiana. As previously announced in October 2021, Energy Vault and DG Fuels, an emerging leader in renewable hydrogen and biogenic based, synthetic sustainable aviation fuel and diesel... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault), a leader in sustainable, grid-scale energy storage solutions, today announced the groundbreaking for the first EVx™ deployment in China. The 100 MWh gravity-based EVx system is being built adjacent to a wind farm and national grid site in Rudong, Jiangsu... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault”), a leader in sustainable, grid-scale energy storage solutions, today announced the signing of a Memorandum of Understanding (MOU) with NTPC Limited (NSE India : NTPC, BSE : 532555), the largest power generating utility in India. The objective of the MOU is to... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the first quarter ended March 31, 2022 on Monday, May 16, 2022 followed by a conference call at 5:00 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the... Read More

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault), a leader in sustainable, grid-scale energy storage solutions, today announced the appointment of David Hitchcock, interim Chief Financial Officer, and Kevin Keough, Senior Vice President of Corporate Development. "I am pleased to welcome both David and Kevin to the Energy Vault team. David brings deep public company CFO, transactional and operational finance... Read More

Energy Vault Holdings, Inc . (NYSE: NRGV, NRGV WS) (“Energy Vault) today announced that Mary Beth Mandanas and Thomas Ertel have been appointed to join Energy Vault’s Board of Directors. “Mary Beth and Thomas are invaluable additions to Energy Vault’s Board,” said Robert Piconi, Chief Executive Officer of Energy Vault. “In addition to their exceptional experience and in-depth knowledge in their respective fields that will... Read More

The company begins trading under ticker symbols NRGV and NRGV WS today, February 14, 2022 Trading follows the successful completion of the business combination with Novus Capital Corporation II Transaction raises approximately $235 million in gross proceeds additive to its recently announced Series C of $107M and $50M license... Read More