Energy Vault Holdings

Energy Vault Holdings, Inc. develops sustainable energy storage solutions that are transforming the world's approach to utility-scale energy storage for grid resiliency. The firm's proprietary energy management system software and gravity-based energy storage technology are intended to help utilities, independent power producers, and large industrial energy users to significantly reduce levelized cost of energy while maintaining power reliability. The company is headquartered in Dover, DE.

Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Energy Vault reports robust revenue growth and strategic expansion plans

Energy Vault had a strong financial performance in 2022, focusing on high-energy storage solutions and global expansion.
While facing challenges in achieving positive EBITDA and improving margins, the company remains optimistic about its growth prospects.
With a cautious outlook for 2023, Energy Vault aims to balance profitability with strategic investments and differentiation in the energy storage market.
The company's emphasis on unique solutions, strategic partnerships, and operational efficiency positions it well for future profitability and growth.

Energy Vault surpasses Q1 revenue expectations, eyes market expansion

Energy Vault's Q1 2023 performance exceeded expectations with strong revenue and project awards.
The company's strategic investments, unique market position, and focus on innovation are key strengths.
Challenges include financial losses and market competition, requiring a focus on profitability and differentiation.
Opportunities lie in market expansion, technology development, and software enhancements for future growth.

Energy Vault Holdings reports robust Q2 growth and strategic partnerships

Energy Vault Holdings delivered strong Q2 performance with robust revenue growth and a focus on profitability and business expansion.
The company faces challenges in EPC partner selection and managing negative EBITDA but has opportunities to drive growth through partnerships and innovative solutions.
Overall, Energy Vault's diverse customer base, strategic funding approach, and versatile energy storage solutions position them well for future success in the market.

Energy Vault reports record revenue, eyes growth in emerging markets

Energy Vault's Q3 performance reflects strong revenue growth and operational improvements, maintaining full-year guidance
While facing margin challenges and customer expectations, the company's financial stability and innovation position them for growth
Opportunities in emerging markets, technological advancements, and revenue diversification strategies present promising avenues for expansion
Strategic focus on cost optimization and project execution efficiency underpin Energy Vault's path towards sustained profitability and market leadership

Energy Vault excels in Q4 2023, eyes profitable growth

Energy Vault's strong financial performance in 2023, coupled with a focus on profitability and efficiency, sets the stage for sustainable growth.
Despite challenges in gross margin and market competition, the company's strategic strengths and global projects position it well for future success.
Opportunities in expanding market demand, upcoming Investor Day revelations, and regional growth initiatives provide avenues for continued expansion and innovation.
Navigating challenges while leveraging strengths and seizing opportunities will be crucial for Energy Vault to maintain its upward trajectory and financial health.

Energy Vault Holdings reports resilient Q2 performance and eyes software sales growth

Energy Vault Holdings' Q2 2024 performance showed resilience despite revenue challenges, with notable improvements in gross margin and Adjusted EBITDA.
The company's strengths lie in strategic execution, innovative technology, and the potential for software sales to drive revenue growth.
Challenges include revenue decline and negative EBITDA, while opportunities exist in software sales, market expansion, and leveraging a strong cash position.

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Energy Vault Holdings, Inc. engages in the provision of energy storage solutions. The company was founded in September 2020 and is headquartered in Westlake Village, CA.

BOSTON--(BUSINESS WIRE)--Wasabi Technologies, the hot cloud storage company, today announced a collaboration with Dell Technologies, via the Extended Technologies Complete program to bring affordable and innovative hybrid cloud solutions for backup, data protection, and long-term retention to customers. In a time marked by the exponential growth of data, organizations worldwide face the need for efficient and cost-effective storage solutions. The Wasabi-Dell collaboration addresses this challen.

Wasabi Technologies Delivers Flexible Hybrid Cloud Storage Solutions for Data Protection

WESTLAKE VILLAGE, Calif. & NEW SOUTH WALES, Australia--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and ACEN Australia, today announced the main contractual agreements for two battery energy storage system (BESS) deployments totaling 400 MWh in Australia. Construction on both deployments is expected to begin in the second half of 2024, with commercial operations expected in 2025 and 2026. The agreements.

Energy Vault, ACEN Australia Announce Agreement for 400 MWh of Battery Energy Storage Deployments

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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 first quarter ended March 31, 2024. “In the first quarter of 2024, the Energy Vault team continued to execute on the most important priority set at the beginning of 2023 – deployments of our first energy storage projects across multiple customers delivered on time, on budget and at.

Energy Vault Reports First Quarter 2024 Financial Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVx™ gravity energy storage system (GESS) by China Tianying Co., Ltd (CNTY). Testing included the successful charging and discharging of units of the 25 MW/100 MWh GESS invested in and built by CNTY in partnership with Energy Vault and Atlas Renewable. In addition.

Energy Vault Announces Successful Testing and Commissioning of First EVx 100 MWh Gravity Energy Storage System by China Tianying, Extension of Atlas Renewable Licensing Agreement to 15 Years

The latest trading day saw Energy Vault Holdings, Inc. (NRGV) settling at $1.23, representing a -1.6% change from its previous close.

Energy Vault Holdings, Inc. (NRGV) Sees a More Significant Dip Than Broader Market: Some Facts to Know

WESTLAKE VILLAGE, Calif. & LAS VEGAS--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada's largest public utility, today announced the completion and beginning of commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada. Built on the site of a decommissioned coal-fired electric generating facility, the 220MW/440MWh grid-tied BESS, one.

Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project to Commercial Operation

Energy Vault Holdings, Inc. (NRGV) reachead $1.08 at the closing of the latest trading day, reflecting a +0.93% change compared to its last close.

Energy Vault Holdings, Inc. (NRGV) Ascends While Market Falls: Some Facts to Note

WESTLAKE VILLAGE, Calif.--(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 pre-register here. In-person attendance at the event to be held at the New York Stock Exch.

Energy Vault Schedules Inaugural Investor & Analyst Day for May 9, 2024; Schedules Release Date for First Quarter 2024 Financial Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the publication of its 2023 Sustainability Report. The report demonstrates Energy Vault's commitment to providing transparency and progress on material non-financial sustainability & Environmental, Social, and Governance metrics. In its second annual Corporate Sustainability Report, Energy Vault s.

Energy Vault Issues 2023 Sustainability Report

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--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 replace Jan Kees van Gaalen, who has served in the role since November 2022 and plans to retire. The appointment is effective April 15, 2024. Prior to Energy Vault, Beer served as Chief Financial Officer for FreeWire Technologies, In.

Energy Vault Appoints Michael Beer as Chief Financial Officer

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Energy Vault Holdings, Inc. (NRGV) Q4 2023 Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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 fourth quarter and full-year ended December 31, 2023. “The Energy Vault team successfully executed on our most important priority that we set at the beginning of 2023 –deployments of our first energy storage projects across multiple customers delivered on time, on budget and at the.

Energy Vault Reports Fourth Quarter and Full Year 2023 Financial Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today confirmed that China state grid interconnection and inverse power operation was achieved for the Rudong EVx system in December 2023 while construction has commenced on three additional grid-scale EVx™ gravity energy storage system (GESS) deployments in China. Energy Vault's partners, China Tianying (CNTY) and A.

Energy Vault Announces China State Grid Interconnection of First EVx 100 MWh Gravity Energy Storage System, Groundbreaking of Three Additional EVx Gravity Storage Systems and Other China Market Expansion Milestones

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, today announced construction start of its previously announced deployment of a utility-scale green hydrogen plus battery ultra-long duration energy storage system (BH-ESS) with 293 megawatt-hours (MWh) of dispatchable carbon-free energy. Construction of the BH-ESS, which is being developed for Pacific Gas and Electric.

Energy Vault Begins Construction of the Largest Green Hydrogen Long Duration Energy Storage System in the U.S.

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WESTLAKE VILLAGE, Calif.--(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 at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join t.

Energy Vault Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results

WESTLAKE VILLAGE, Calif. & CAPE TOWN, South Africa--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that it has signed a new licensing and royalty agreement in the Southern African Development Community (SADC) region. The agreement was executed in Q4 2023 with Gravity Energy Storage Solutions (Pty) Ltd (GESSOL), a consortium company focused on energy storage deployments in.

Energy Vault Expands Global Footprint for Gravity Energy Storage with 10 Year License and Royalty Agreement Covering Southern Africa

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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--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 Company's Board of Directors effective with Energy Vault's next quarterly Board meeting in March 2024. She replaces Zia Huque, General Partner of Prime Movers Lab LLC which led Energy Vault's Series C investment round. Mr. Huque's departure will be concurrent w.

Energy Vault Appoints Australian Energy Sector Leader Stephanie Unwin to Its Board Of Directors

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that it has received a comprehensive, successful due diligence evaluation, commonly referred to in the industry as a “Bankability Report”, of its UL9540 factory-certified, B-VAULT™ battery energy storage system (BESS) from DNV, a leading independent assurance and risk management provider. The report a.

Energy Vault Receives Successful Technical Due Diligence Evaluation for the Bankability of B-VAULT™ Battery Energy Storage System from Global Authority DNV

WESTLAKE VILLAGE, Calif.--(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 access to retail investors. Investors will have the opportunity to ask management questio.

Energy Vault Announces Participation at the Shareholder Equity Conference

Energy Vault has developed EVx, a gravity-based energy storage solution, with the first project delivered in China and 7 more projects on the way. The company also delivers hybrid energy storage projects on time and it has a full pipeline to keep it busy for a long-time. Energy Vault's revenue streams include building and operating energy storage projects, recurring software revenue, and intellectual property licenses and royalties.

Energy Vault Keeps Delivering

Energy Vault Holdings, Inc. (NYSE:NRGV ) Q3 2023 Earnings Call Transcript November 9, 2023 4:30 PM ET Company Participants Laurence Alexander - Chief Marketing Officer Robert Piconi - Chairman & Chief Executive Officer Jan Kees van Gaalen - Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Christopher Ellinghaus - Siebert Williams and Shank Thomas Boyes - TD Cowen Noel Parks - Tuohy Brothers Operator Good day, and welcome to the Energy Vault Third Quarter 2023 Earnings Call. [Operator Instructions] Please note this event is being recorded.

Energy Vault Holdings, Inc. (NRGV) Q3 2023 Earnings Call Transcript

Energy Vault Holdings stock beat on both the top and bottom lines last night. The start-up battery technology company grew revenues a hundredfold year over year.

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