ENERGY VAULT HOLDINGS INC Stock Price, News & Analysis

Energy Vault (NYSE: NRGV) reported third quarter 2025 results for the period ended September 30, 2025. Key operational and financial highlights include a $920 million contract backlog (up 112% year-to-date), Q3 revenue of $33.3 million (about 27x prior year), and GAAP gross profit of $9.0 million with a 27.0% gross margin. Adjusted EBITDA loss narrowed 59% to $6.0 million. Cash totaled $61.9 million at quarter end, up 7% sequentially. The company closed a $300 million preferred equity agreement to launch its Asset Vault build-own-operate business and acquired a 150 MW Sosa BESS project, bringing Fund 1 to a target of 1.5 GW+.

Guidance was reaffirmed: full-year 2025 revenue of $200–250 million, gross margin 14–16%, and a year-end cash target of $75–100 million. Announced commercial agreements include up to 1.8 GWh in Europe and a collaboration with Crusoe for AI data-center deployments.

Energy Vault (NYSE: NRGV) signed a Framework Supply Agreement with EU Green Energy to deploy up to 1.8 GWh of battery energy storage systems across the Balkans over the next four years.

The first contracted project is a 100 MW / 400 MWh BESS in Albania, with Phase 1 (50 MW / 200 MWh) using B-VAULT™ and VaultOS™ targeted for commercial operation in Q3 2026 and Phase 2 (50 MW / 200 MWh) expected in Q1 2027. The agreement supports deployments in Albania, Kosovo, North Macedonia, and Montenegro and is conditioned on final Albanian legislative approval.

Energy Vault says its B-VAULT portfolio now exceeds 2 GWh of deployed or contracted systems globally.

Energy Vault (NYSE: NRGV) will host a virtual Investor and Analyst Day on Oct 29, 2025 at 1:00 p.m. ET and will release Q3 2025 results on Nov 10, 2025 followed by a conference call at 4:30 p.m. ET.

Management including Chairman & CEO Robert Piconi and CFO Michael Beer will present on Asset Vault, a newly launched, wholly owned subsidiary backed by a $300 million preferred equity investment from Orion Infrastructure Capital. Asset Vault aims to develop, construct, own and operate contracted energy storage projects and accelerate deployment of +1.5 GW in priority markets. Webcast replay will be available two hours after the live Investor Day and accessible for 90 days; the earnings call replay will be archived until Nov 24, 2025.

Energy Vault (NYSE: NRGV) will host a virtual Investor & Analyst Day on October 29, 2025 at 1:00 p.m. ET to present its Asset Vault platform, portfolio pipeline and investment returns.

Key disclosed points: Asset Vault launched with a $300 million preferred equity commitment from Orion Infrastructure Capital; Energy Vault plans to accelerate deployment of +1.5 GW in priority markets; the company expects Asset Vault to generate over $100 million in recurring annual EBITDA within 3–4 years. Energy Vault also announced the acquisition of the 150 MW SOSA Energy Center (ERCOT, Texas), the first formal Asset Vault acquisition, joining two operating projects.

Energy Vault (NYSE: NRGV) acquired the 150 MW / 300 MWh SOSA battery energy storage project in Madison County, Texas, as the first asset purchased via its new Asset Vault platform.

Construction is planned to begin with Notice to Proceed in Q4 2025 and commercial operation expected in Q1 2027. The project is projected to deliver $17–20 million in annual revenues and ~$350 million+ over its technical life. Asset Vault now has ~340 MW acquired/in-operation and a 3.5 GW active development funnel, supported by a $300 million preferred equity commitment from Orion Infrastructure Capital and planned ITC monetization.

Energy Vault (NYSE: NRGV) closed a $300 million preferred equity investment with Orion Infrastructure Capital (OIC) to launch Asset Vault, a consolidated platform to develop, build, own and operate energy storage assets globally.

Asset Vault targets deployment of +1.5 GW of storage across the U.S., Australia and Europe, consolidates a 3 GW / 12+ GWh pipeline, and expects to draw nearly $200 million within six months to start two late-stage projects including the 125 MW / 1,000 MWh Stoney Creek.

The preferred equity is non-dilutive to common shareholders, targets >15% levered IRRs on project assets, and forecasts $100M+ recurring annual EBITDA within 3–4 years. An Investor Day is scheduled for Oct 29, 2025.

Energy Vault Holdings (NYSE: NRGV) has secured a $50 million corporate debenture financing agreement with YA II PN, Ltd. This funding complements the company's previously announced $300 million preferred equity investment for Asset Vault, enhancing working capital flexibility for energy storage and AI data center projects.

The company's growing portfolio includes operational facilities in Texas and California, the 1 GWh Stoney Creek project in Australia, and a pipeline of approximately 3GW of battery energy storage systems across the U.S., Europe, and Australia. Upon closing of the preferred equity investment, Asset Vault will be established as a consolidated subsidiary focused on owned and operated storage assets with long-term offtake agreements.

PG&E (NYSE:PCG) and Energy Vault (NYSE:NRGV) have announced the successful completion of the Calistoga Resiliency Center (CRC), the world's first ultra-long duration hybrid battery and hydrogen energy storage microgrid. The 293 MWh system serves approximately 1,600 PG&E customers in Calistoga, California, providing at least 48 hours of continuous power during Public Safety Power Shutoffs with a peak output of 8.5 MW.

The zero-emission facility, financed with $28 million, is owned and operated by Energy Vault in partnership with PG&E under a long-term energy services agreement. The project integrates hydrogen fuel cells with lithium-ion batteries and is managed by Energy Vault's VaultOS™ Energy Management System. This milestone represents PG&E's largest and first fully renewable microgrid among its 13 distribution microgrids deployed since 2021.

Energy Vault (NYSE:NRGV), a global energy storage company, has successfully regained compliance with NYSE's minimum listing requirements. The company received official confirmation after its stock price maintained an average above $1.00 for 30 consecutive trading days, ending August 29, 2025. The stock demonstrated strong performance with a 114% increase during this period.