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.

Energy Vault Holdings, Inc. (NYSE:NRGV ) Q2 2022 Results Conference Call August 8, 2022 8:00 AM ET Company Participants Laurence Alexander - CMO Robert Piconi - Chairman, CEO David Hitchcock - Interim CFO Conference Call Participants Joseph Osha - Guggenheim Partners Stephen Gengaro - Stifel Thomas Boyes - Cowen Brian Lee - Goldman Sachs Noel Parks - Tuohy Brothers Operator Ladies and gentlemen, good morning, and welcome to the Energy Vault Q2 FY '22 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Energy Vault Holdings, Inc. (NRGV) CEO Robert Piconi on Q2 2022 Results - 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 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 our tea

Energy Vault Reports Second Quarter 2022 Earnings Results

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

Energy Vault Announces Completion of Redemption of Warrants

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to delist the warrants, each exercisable for one share of common stock of Energy Vault Holdings, Inc. (the "Company") — ticker symbol NRGV WS — from the NYSE. Trading in the Company's warrants will be suspended immediately. Trading in the Company's common stock — ticker symbol NRGV — will continue on the NYSE. NYSE Regulation reached its decision tha

NYSE to Suspend Trading Immediately in Warrants of Energy Vault Holdings, Inc. (NRGV WS) and Commence Delisting Process

Nxu Inc

Los Angeles, California--(Newsfile Corp. - August 1, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Energy Vault Holdings, Inc. ("Energy Vault" or "the Company") (NYSE: NRGV) f/k/a Novus Capital Corporation II (NYSE: NXU) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in Energy Vault Holdings, Inc. with Losses of $100,000 to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #Action--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Energy Vault Holdings, Inc. (“Energy Vault” or the “Company”) (NYSE: NRGV, NRGV-WT) on behalf of Energy Vault stockholders. Our investigation concerns whether Energy Vault has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On July 21, 2022, Energy Vault publis

ENERGY VAULT ALERT: Bragar Eagel & Squire, P.C. is Investigating Energy Vault Holdings, Inc. on Behalf of Energy Vault Stockholders and Encourages Investors to Contact the Firm

Los Angeles, California--(Newsfile Corp. - July 29, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Energy Vault Holdings, Inc. ("Energy Vault" or "the Company") (NYSE: NRGV) f/k/a Novus Capital Corporation II (NYSE: NXU) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Energy Vault Holdings, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $NRGV #NRGV--The Schall Law Firm Encourages Investors in Energy Vault Holdings, Inc. with Losses of $100,000 to Contact the Firm

INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Energy Vault Holdings, Inc. with Losses of $100,000 to Contact the Firm

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

Energy Vault Reminds Investors of Redemption of Public Warrants

RADNOR, Pa.--(BUSINESS WIRE)--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Energy Vault Holdings, Inc. (NYSE: NRGV) f/k/a Novus Capital Corporation II (NYSE: NXU) (“Energy Vault”). On July 21, 2022, shares of Energy Vault fell over 6% after Culper Research issued a report that calls into serious question the business and operations of the company. If you are an Energ

Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of Investors of Energy Vault Holdings, Inc. (NYSE: NRGV) f/k/a Novus Capital Corporation II (NYSE: NXU)

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

Energy Vault Schedules Conference Call to Discuss Second Quarter 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, 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 closing o

Energy Vault Announces Voluntary Extension of Lock-up Restrictions for Management and Senior Officers

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 that the Company will redeem all of its publicly traded warrants to purchase shares of Energy Vault's Class A common stock, par value $0.0001 per share (the “Common Stock”), that remain outstanding at 5:00 pm New York City time on Monday, August 1, 2022 (the “Redemption Date”), f

Energy Vault Announces Redemption of Public Warrants

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

Energy Vault Joins the Russell 2000® Index

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Expands in APAC with the Appointment of Lucas Sadler as Vice President of Sales and Business Development, Asia & Pacific

Energy Vault Expands in APAC with the Appointment of Lucas Sadler as Vice President of Sales and Business Development, Asia & Pacific

LAS VEGAS , May 19, 2022 /PRNewswire/ -- 1791 Management ("1791") filed a Securities Fraud and Market Manipulation Lawsuit against Energy Vault Inc (NRGV). The action charges Energy Vault with intentional violations of securities laws and fraud, including deliberate fraudulent misrepresentations and omissions relating to the company's business, operations, and prospects.

LAWSUIT FILED AGAINST ENERGY VAULT (NYSE: NRGV): 1791 Management files Securities Fraud and Market Manipulation Lawsuit against Energy Vault Inc

Energy Vault Holdings, Inc. (NYSE:NRGV ) Q1 2022 Earnings Conference Call May 16, 2022 5:00 PM ET Company Participants Robert Piconi – Co-Founder, Chief Executive Officer David Hitchcock – Interim Chief Financial Ofﬁcer Laurence Alexander – Chief Marketing Officer Conference Call Participants Stephen Gengaro – Stifel Financial Corp. Thomas Boyes Jr. Jr. – Cowen and Company Joseph Osha – Guggenheim Partners Brian J. Lee – Goldman Sachs Noel Parks – Touhy Brothers Investment Research Inc. Operator Greetings, and welcome to the Energy Vault 's First Quarter 2022 Earnings Conference Call.

Energy Vault Holdings, Inc. (NRGV) CEO Robert Piconi on Q1 2022 Results - Earnings Call Transcript

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

Energy Vault Reports First Quarter 2022 Earnings Results

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Bolsters Leadership Team with Appointment of Josh McMorrow as Chief Legal Officer

Energy Vault Bolsters Leadership Team with Appointment of Josh McMorrow as Chief Legal Officer

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. & WASHINGTON--(BUSINESS WIRE)---- $NRGV--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 di

Energy Vault and DG Fuels More than Double Size and Increase Scope of Initial Energy Storage Project to Support the Production of Green Hydrogen for Sustainable Aviation Fuel

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. & HOUSTON & BEIJING--(BUSINESS WIRE)---- $NRGV--Energy Vault, Atlas Renewable and China Tianying Begin Construction of First Chinese Deployment of EVx™ Gravity-Based Energy Storage System

Energy Vault, Atlas Renewable and China Tianying Begin Construction of First Chinese Deployment of EVx™ Gravity-Based Energy Storage System

NEWPORT, Calif., May 3, 2022 /PRNewswire/ -- WHY: Hittelman Strunk, a securities firm, announces an investigation of potential securities claims on behalf of shareholders of Energy Vault Holdings, Inc. f/k/a Novus Capital Corporation II (NYSE: NRGV, NRGV-WT) resulting from allegations that Energy Vault Holdings, Inc. may have issued materially misleading business information to the investing public.

NRGV INVESTIGATION ALERT: Hittelman Strunk Announces Investigation into Energy Vault Holdings, Inc. (NRGV, NRGV-WT) f/k/a Novus Capital Corporation II Investors and Encourages Investors with Losses to Inquire About Securities Class Action Investigation

NEWPORT, Calif., May 2, 2022 /PRNewswire/ -- WHY: Hittelman Strunk Law Firm, a securities law firm, announces an investigation of potential securities claims on behalf of shareholders of Energy Vault Holdings, Inc. f/k/a Novus Capital Corporation II (NYSE: NRGV, NRGV-WT) resulting from allegations that Energy Vault Holdings, Inc. may have issued materially misleading business information to the investing public.

LAW FIRM Encourages Energy Vault Holdings, Inc. f/k/a Novus Capital Corporation II Investors with Losses to Inquire About Securities Class Action Investigation

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. & NEW DELHI--(BUSINESS WIRE)--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 collaborate and formalize a long-term strategic partnership for deployment of Energy Vault's EV

Energy Vault and NTPC, India's Largest Power Utility, Sign MOU for Gravity-Based Energy Storage Technology

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

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