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ENERGY VAULT HOLDINGS INC (NRGV) delivers innovative grid-scale energy storage solutions using gravity and kinetic systems to address renewable energy intermittency. This page provides a comprehensive archive of official announcements, financial updates, and operational developments directly from the company and verified sources.
Investors and industry stakeholders will find timely updates on NRGV's technology deployments, partnership agreements, and market expansions. Key content includes earnings reports, project milestones, and advancements in long-duration energy storage systems designed to stabilize renewable power grids.
All materials are organized to help users track the company's progress in transforming energy infrastructure. Bookmark this page or check back regularly for authoritative updates on ENERGY VAULT's role in advancing sustainable energy storage worldwide.
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.
The compliance achievement removes a significant regulatory concern and ensures Energy Vault's continued listing on the NYSE.Energy Vault Holdings (NYSE: NRGV) announced the granting of inducement equity awards to 7 new non-executive employees. The awards, approved by the Compensation Committee on July 30, 2025, include 371,659 restricted stock units and a performance-based stock unit award covering 300,000 shares for one employee.
The restricted stock units will vest 25% after one year, followed by 6.25% every three months thereafter. The performance-based award is tied to stock price targets of $1.50, $2.00, and $2.50 within four years of the grant date. These awards were granted under the company's 2022 Employment Inducement Award Plan in compliance with NYSE Rule 303A.08.
Energy Vault (NYSE: NRGV) and Astor Enerji (BIST: ASTOR) have formed a strategic partnership to strengthen global supply chains for battery energy storage systems. The collaboration includes two major components: Energy Vault will provide 2 GWh of B-VAULT™ systems for Astor's grid-connected PV projects in Romania, while Astor will supply transformers and high-voltage equipment for over 1 GW of Energy Vault's BESS projects across the US, Australia, and Europe.
The partnership aims to address critical supply chain challenges, notably reducing US transformer wait times that have extended from 50 to 127 weeks. The alliance leverages Energy Vault's VaultOS™ software platform and Astor's manufacturing capabilities to optimize project execution and enhance grid infrastructure deployment. This collaboration is supported by Energy Vault's Asset Vault subsidiary, which recently secured a $300 million preferred equity investment.
Energy Vault (NYSE:NRGV) reported strong Q2 2025 financial results, with revenue increasing 126% to $8.5 million year-over-year. The company's contract revenue backlog surged 47% to $954 million versus Q1, marking a 120% increase year-to-date.
Key highlights include a 29.6% GAAP gross margin, improved Adjusted EBITDA, and cash position strengthening by 23% to $58.1 million. The company secured a significant $300 million Preferred Equity Investment for 'Asset Vault' to support 1.5GW of owned energy storage projects, expected to generate over $100 million in annual recurring EBITDA within 3-4 years.
Energy Vault maintains its FY2025 revenue guidance of $200-250 million and implemented an additional $6.5 million cost savings initiative. The company completed key projects including Cross Trails BESS and Calistoga Resiliency Center, which are now operational.
Energy Vault (NYSE:NRGV) has secured an exclusive agreement for a $300 million preferred equity investment to launch Asset Vault, a consolidated subsidiary focused on developing, building, owning, and operating energy storage assets globally. The investment will accelerate the deployment of 1.5GW of energy storage projects across the U.S., Australia, and Europe.
The non-dilutive investment is expected to enable over $1.0 billion in CapEx spending and generate $100+ million in annual recurring EBITDA within 3-4 years. Asset Vault's portfolio includes operational projects like Cross Trails BESS (57MW/114MWh) and Calistoga Resiliency Center (8.5MW/293MWh), with a robust pipeline of ~3GW of battery energy storage systems targeting 15%+ levered IRRs.
Energy Vault (NYSE: NRGV) has completed the acquisition of the Stoney Creek Battery Energy Storage System (BESS) in Northern New South Wales, Australia, after receiving Foreign Investment Review Board (FIRB) approval. The 125 MW/1,000 MWh project marks Energy Vault's first acquisition in Australia as part of its global "Own & Operate" portfolio.
The project features a 14-year Long-Term Energy Service Agreement (LTESA) and is expected to generate approximately $30 million in annual recurring EBITDA for over 15 years. This represents Energy Vault's third and largest energy storage asset, following successful projects in Texas and California. The BESS will utilize Energy Vault's proprietary VaultOS™ platform and B-VAULT™ storage technology to provide eight hours of dispatchable energy, supporting grid reliability and renewable energy integration in New South Wales.
Energy Vault (NYSE: NRGV) has secured a contract with Consumers Energy, Michigan's largest energy provider, to supply two battery energy storage systems (BESS) totaling 75 MW/300 MWh in Iosco and Bay Counties.
The project includes a 45 MW/180 MWh Weadock BESS in Hampton Township and a 30 MW/120 MWh Iosco County BESS in Oscoda Township. Battery deliveries are scheduled to begin in Q4 2024, with construction starting in Q1 2026 and commercial operation expected by Q4 2026.
The systems will utilize Energy Vault's B-VAULT™ suite and proprietary X-Vault integration platform with Vault-OS Energy Management System, designed to dispatch stored renewable energy during peak consumption hours.
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