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ENERGY VAULT (NYSE: NRGV) STOCK QUOTE

Last Trade: US$1.73
Volume: 66,366
5-Day Change: -5.98%
YTD Change: -25.75%
Market Cap: US$254.450M

LATEST NEWS FROM ENERGY VAULT

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
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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
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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
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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
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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
GreenStockNews
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
GreenStockNews
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
GreenStockNews
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
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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
GreenStockNews
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

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