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

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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.

NEW YORK--(BUSINESS WIRE)--ICR, a leading strategic communications and advisory firm, is pleased to announce that Robert Piconi, Chairman and Chief Executive Officer of Energy Vault (NYSE: NRGV), a leader in sustainable grid-scale energy storage solutions, today appeared on Episode 68 of ICR's Welcome to the Arena podcast. Welcome to the Arena is hosted by Tom Ryan, Co-Founder & CEO of ICR.

ICR Hosts Energy Vault Chairman and CEO Robert Piconi on the Welcome to the Arena Podcast

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Energy Vault is fast ramping up sales of its gravity-based batteries for long-duration energy storage. The company recorded a beat on revenue for its fiscal 2022 fourth quarter with revenue of $100 million realized.

Energy Vault: Gravity-Based Energy Storage For The Renewables Surge

Energy Vault Holdings, Inc. (NYSE:NRGV ) Q4 2022 Earnings Conference Call March 7, 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 Thomas Boyes - TD Cowen Joseph Osha - Guggenheim Partners Chris Ellinghaus - Siebert Williams Shank Brian Dobson - Chardan Capital Markets Brian Lee - Goldman Sachs Operator Greetings and welcome to Energy Vault's Fourth Quarter and Full Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Energy Vault Holdings, Inc. (NRGV) Q4 2022 Earnings Call Transcript

LUGANO, Switzerland & 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, 2022.

Energy Vault Reports Fourth Quarter 2022 Earnings Results

LUGANO, Switzerland & 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, 2022 on Tuesday, March 7, 2023 followed by a conference call at 4:30 PM ET.

Energy Vault Schedules Conference Call to Discuss Fourth Quarter and Full Year 2022 Financial Results

LUGANO, Switzerland & 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 the appointment of Theresa Fariello to the Company's Board of Directors effective February 1, 2023. She replaces Henry Elkus, Founder and CEO of Helena, a strategic partner and Series B-1 investor in Energy Vault, upon his concurrent departure from the Board.

Energy Vault Appoints Energy and Transportation Industry Executive Theresa Fariello to Its Board of Directors

LUGANO, Switzerland & 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 updated fourth quarter and full year 2022 expected revenue results for its fiscal year ended December 31, 2022.

Energy Vault Updates Fourth Quarter and Full Year 2022 Expected Revenue Results

PG&E

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. & SAN FRANCISCO--( BUSINESS WIRE )--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation (NYSE: PCG), today announced the companies are partnering to deploy and operate a utility-scale battery plus green hydrogen long-duration energy storage system (BH-ESS) with a minimum of 293 megawatt-hours (MWh) of dispatchable carbon-free energy.

PG&E Teams With Energy Vault to Build and Operate the Largest Green Hydrogen Long-Duration Energy Storage System in the U.S.

Energy Vault is a Swiss-based global energy storage company specializing in gravity and kinetic energy-based long-life energy storage solutions. The stock is currently tracked by five analysts who forecast explosive growth: over $1 billion in revenue and positive earnings per share in 2024.

Energy Vault: An Interesting Bet On Gravity-Based Energy Storage

LUGANO, Switzerland & 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 NV Energy, Nevada's largest public utility, has awarded the Company with a project for the deployment of a short duration energy storage solution. The Battery Energy Storage System (BESS), one of the largest in Nevada, is expected to start construction in Q2 2023 with commercial operation expected by the end of 2023.

NV Energy Selects Energy Vault for 440 MWh Energy Storage System in Nevada

LUGANO, Switzerland & 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 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 and misinformation. Key statements from the short report are addressed below:

Energy Vault Responds to Inaccurate and Misleading Short Seller Report

Energy Vault Holdings, Inc. (NYSE:NRGV ) Q3 2022 Earnings Conference Call November 14, 2022 4:30 PM ET Company Participants Laurence Alexander - Chief Marketing Officer Robert Piconi - Chief Executive Officer David Hitchcock - Interim Chief Financial Officer Jan Kees - Chief Financial Officer Conference Call Participants Thomas Boyes - Cowen and Company Noel Parks - Tuohy Brothers Operator Ladies, and gentlemen, good morning, and welcome to the Energy Vault Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Energy Vault Holdings, Inc. (NRGV) Q3 2022 Earnings Call Transcript

LUGANO, Switzerland & 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 third quarter ended September 30, 2022.

Energy Vault Reports Third Quarter 2022 Earnings Results

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.

Energy Vault Appoints Jan Kees van Gaalen as Chief Financial Officer

Energy Vault Appoints E.B. Jensen as Senior Vice President, Project Execution and Delivery

MELBOURNE, Australia & LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.

Energy Vault Issued Notice of Award From Meadow Creek Solar Farm for a 250MW/500MWh Grid-connected Battery in Victoria, Australia

Heliogen

JACKSON, Wyo. , Oct. 25, 2022 /PRNewswire/ -- Prime Movers Lab, an investor in breakthrough scientific startups working to revolutionize the world's most important industries and transform billions of lives, announced that serial entrepreneur Bill Gross will be the keynote speaker at its 3rd Annual Breakthrough Science Summit on Thursday, October 27th.

Heliogen and Idealab Founder Bill Gross to Keynote Prime Movers Lab's Breakthrough Science Summit

Energy Vault Schedules Conference Call to Discuss Third Quarter 2022 Financial Results

AUSTIN, Texas and LUGANO, Switzerland and WESTLAKE VILLAGE, Calif. , Sept. 28, 2022 /PRNewswire/ -- 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.

JUPITER POWER AND ENERGY VAULT SIGN LETTER OF INTENT TO SECURE 2.4 GWh OF DOMESTIC-CONTENT-QUALIFIED BATTERY ENERGY STORAGE SYSTEMS

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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 parks

2-Gigawatt Hour (2 GWh) Mandate Announced for Energy Vault's EVx™ Gravity Energy Storage Platform for Initial Zero Carbon Industrial Parks in China

2-Gigawatt Hour (2 GWh) Mandate Announced for Energy Vault's EVx™ Gravity Energy Storage Platform for Initial Carbon Industrial Parks in China

LUGANO, Switzerland & 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 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 deep d

Energy Vault to Establish a Center of Excellence for Advanced Energy Storage Technologies with the Appointment of Dr. Craig Horne as Vice President, Advanced Energy Storage Development

LUGANO, Switzerland, WESTLAKE VILLAGE, Calif. & SACRAMENTO, 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 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 Californ

Energy Vault, Wellhead Electric and W Power Announce Agreement for 275 MWh Energy Storage Project in Southern California

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News for Energy Vault Holdings Stock (NRGV)