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 ) Q3 2024 Earnings Call November 12, 2024 4:30 PM ET Company Participants Michael Beer - Chief Financial Officer Robert Piconi - Chairman and Chief Executive Officer Conference Call Participants Justin Clare - ROTH Capital Partners Alec Scheibelhoffer - Stifel Chris Ellinghaus - Siebert Williams Shank Noel Parks - Tuohy Brothers Operator Greetings and welcome to Energy Vault's Third Quarter 2024 Earnings Call. [Operator Instructions] And as a reminder, this conference is being recorded.

Energy Vault Holdings, Inc. (NRGV) Q3 2024 Earnings Call Transcript

Energy Vault Holdings, Inc. (NRGV) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.13 per share a year ago.

Energy Vault Holdings, Inc. (NRGV) Reports Q3 Loss, Misses Revenue Estimates

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, 2024. “We made good progress in the quarter building our contracted revenue backlog by 33% while at the same time increasing our longer-term development pipeline of storage infrastructure projects in the U.S. and Australia with long-term offtake ag.

Energy Vault Reports Third Quarter 2024 Financial Results

WESTLAKE VILLAGE, Calif. & CUPERTINO, 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 plans for the deployment of a 57 MW/114 MWh Battery Energy Storage System (BESS) in Scurry County, Texas, as well as the signing of a 10-year offtake agreement with Gridmatic, a leading AI-enabled power marketer. Construction of the Cross Trails BESS is expected to begin in Q1 2025,.

Energy Vault Announces FID Approval for 57 MW Cross Trails Battery Energy Storage System in Texas and 10-Year Offtake Agreement with Gridmatic

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 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 Company Manual, based upon an average share price for the trailing 30-consecutive tradin.

Energy Vault Announces Compliance with NYSE Continued Listing Criteria

The global push towards a cleaner energy future is accelerating, but a significant piece to the puzzle remains: the intermittency of renewable energy sources like solar and wind. This challenge has fueled a market for energy storage solutions, and one company leading the charge is Energy Vault NYSE: NGRV.

Energy Vault Soars 100%: CEO Shares Why in MarketBeat Exclusive

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, is honored to announce the selection of its EVx gravity energy storage system (GESS) technology to TIME's Best Inventions of 2024 list, in the “Green Energy” category. This recognition highlights growing awareness of the need for reliable, cost-effective and sustainable energy storage solutions to meet global decarbon.

Energy Vault EVx™ Gravity Energy Storage Technology Named a TIME Best Invention of 2024

Energy Vault's stock surged after a $350M deal with Enervest Group, removing delisting risk and improving revenue visibility. Despite short-term revenue struggles, Energy Vault's long-term outlook is promising, with significant growth expected in 2024-2025. The company's proprietary gravity energy storage systems and battery storage segment are key differentiators and growth drivers.

Energy Vault: Upgrading To A Buy As Delisting Risk Abates

WESTLAKE VILLAGE, Calif. & MELBOURNE, Australia--(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 that it has signed an agreement with Enervest Group (“Enervest”) for the deployment of a 1,000 MWh battery energy storage system (BESS) at the Stoney Creek site in New South Wales, Australia. As part of the agreement, the companies are now finalizing the development and grid appl.

Energy Vault and Enervest Announce Agreement for 1.0 GWh Energy Storage Project for the Stoney Creek Battery Energy Storage System in New South Wales, Australia

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 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 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy V.

Energy Vault Schedules Conference Call to Discuss Third Quarter 2024 Financial Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a leader in sustainable, grid-scale energy storage solutions, today announced continued progress in executing its growth strategy unveiled during the May 2024 Investor and Analyst Day. The Company is focusing on addressing the largest markets and growth regions, delivering more predictable and recurring revenues, and driving strong growth and profitability. Key Highlights: Launching project fin.

Energy Vault Continues to Execute on Growth Strategy with Ownership of Energy Storage Projects and Launches Project Financing

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(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. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award.

Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, announced today it received a Corporate Sustainability Assessment (CSA) score of 68 (out of 100) as reported in the 2024 S&P Global Environmental, Social, and Governance (ESG) Ratings. This is the third time that the company has been evaluated by S&P, and represents a 36% (or 18-point) increase over the Company's 2023 rating.

Energy Vault Achieves Highest 2024 ESG Score Among Energy Storage Companies in its Industry to Date from S&P Global Ratings

WESTLAKE VILLAGE, Calif.--(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 $1.00 over a consecutive 30 trading-day period. The notice does not result in the immed.

Energy Vault Holdings, Inc. Receives Notice of Non-Compliance With Continued Listing Standard from NYSE

Energy Vault Holdings, Inc. (NYSE:NRGV ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Michael Beer - Chief Financial Officer Robert Piconi - Chief Executive Officer Conference Call Participants Thomas Boyes - TD Cowen Stephen Gengaro - Stifel Noel Parks - Tuohy Brothers Operator Good day, and welcome to Energy Vault's Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Energy Vault Holdings, Inc. (NRGV) Q2 2024 Earnings Call Transcript

Energy Vault Holdings, Inc. (NRGV) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.18 per share a year ago.

Energy Vault Holdings, Inc. (NRGV) Reports Q2 Loss, Misses Revenue Estimates

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, 2024. “We recently outlined a vision for the next two years during our inaugural Investor & Analyst Day to deliver $500–700 million of revenue addressing the largest energy storage markets, while prioritizing our product mix and business model to d.

Energy Vault Reports Second Quarter 2024 Financial Results

WESTLAKE VILLAGE, Calif. & NURAXI FIGUS, Italy--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and Carbosulcis S.p.A. ("Carbosulcis"), a coal mining company owned by the Autonomous Region of Sardinia, today announced their plans to develop a 100MW Hybrid Gravity Energy Storage System, a solution designed by Energy Vault for underground mines, pairing their modular gravity storage and batte.

Energy Vault and Carbosulcis Announce 100MW Hybrid Gravity Energy Storage Project to Accelerate Carbon Free Technology Hub at Italy's Largest Former Coal Mining Site in Sardinia

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 strategic organizational changes and leadership additions aimed at capitalizing on a host of market opportunities in the rapidly evolving energy storage sector driven by the continuous growth of renewable energy and the massive growth in pure power load created by generative AI. As outlined at Energy.

Energy Vault Announces Progress on Growth Initiatives, Diversified Storage Portfolio and Hiring of New Global Head of Sales

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 successful deployment of its proprietary B-Vault AC block and VaultOS™ Energy Management System supporting Jupiter Power's St. Gall Battery Energy Storage System (BESS). Located near Fort Stockton, Texas, the 100 MW/200 MWh BESS is providing energy and ancillary services to the Electric Reliability.

Energy Vault Announces Supply of B-Vault Energy Storage System and Start Commercial Operations of 100MW/200MWh Jupiter Power Battery Energy Storage System at St. Gall

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 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, international callers may use 1-412-317-5185, and request to join the Energy Vault Ho.

Energy Vault Schedules Conference Call to Discuss Second Quarter 2024 Financial Results

Energy Vault Inc. deployed the world's first grid-scale gravity energy storage system in China, partnering with various companies and government agencies. Despite a significant drop in stock price, Energy Vault's long-term outlook is positive, with revenue growth expected in 2024-2025 and a strong backlog of projects. Energy Vault's GESS system, using composite blocks for energy storage, shows promise with cost-effective solutions and potential for significant growth in the future.

Keep Energy Vault On Your Radar Despite Big Revenue Drop In 2024

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the execution of a contract with ACEN Australia for the previously announced deployments of two battery energy storage systems (BESS) totaling 400 MWh in Australia. Energy Vault has entered into engineer, procure and construct (EPC) and operate and maintain (O&M) agreements with ACEN for the procurement, construct.

Energy Vault Executes EPC and O&M Contract with ACEN Australia for 200 MW/400 MWh of Battery Energy Storage Deployments

WESTLAKE VILLAGE, Calif. & NEW YORK--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and Skidmore, Owings & Merrill (SOM), a leading architecture and engineering firm, today announced a global exclusive gravity energy storage partnership. Responsible for designing many of the world's most well-known buildings, including Burj Khalifa, Tianjin CTF Finance Centre, Willis Tower, and One World Trade Center,.

Energy Vault and Skidmore, Owings & Merrill (SOM) Announce Exclusive Global Gravity Energy Storage Partnership to Integrate Energy Storage into Building Design

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SACRAMENTO, Calif.--(BUSINESS WIRE)-- #agencyacquisition--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, proudly announces its 15th acquisition in the state of Texas with the successful integration of Brazos Valley Insurance Agency. This strategic move further solidifies Inszone's commitment to enhancing its presence in the Texas market and marks another significant milestone in the company's ongoing expansion. Brazos Valley Insurance Agency was esta.

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