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Energy Vault Holdings Inc - NRGV STOCK NEWS

Welcome to our dedicated news page for Energy Vault Holdings (Ticker: NRGV), a resource for investors and traders seeking the latest updates and insights on Energy Vault Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Energy Vault Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Energy Vault Holdings's position in the market.

Rhea-AI Summary
Energy Vault Holdings, Inc. (NYSE: NRGV) reported impressive FY 2023 financial results with revenue of $341.5 million, up 134% YoY and 18% QoQ, and a cash position of $146 million. They reduced quarterly cash OpEx by 25-30% and expect to be cash flow positive by 2024. The company saw strong global momentum in Gravity energy storage, including new agreements and projects across multiple continents. Energy Vault also announced new product developments and an Investor and Analyst Day in May 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.97%
Tags
earnings
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Rhea-AI Summary
Energy Vault Holdings, Inc. achieves China state grid interconnection for Rudong EVx system, with construction underway on three additional grid-scale EVx gravity energy storage system deployments. The projects are recognized as 'new energy storage pilot demonstration projects' by China's National Energy Administration, highlighting the company's growing presence in the world's largest energy storage market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.36%
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none
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Rhea-AI Summary
Energy Vault Holdings, Inc. (NRGV) announces the construction start of a green hydrogen plus battery energy storage system for PG&E, capable of powering 2,000 electric customers for up to 48 hours. The project, supported by a 10.5-year tolling agreement, is expected to be operational by Q2 2024, solidifying Energy Vault's global leadership in sustainable energy storage solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.14%
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none
Rhea-AI Summary
Energy Vault Holdings, Inc. (NYSE: NRGV) will release its earnings results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 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 Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday, March 26, 2024. Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671 and enter access code 13743330. An archived replay of the call will also be available on the investors portion of the Energy Vault website at https://investors.energyvault.com/
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.24%
Tags
earnings
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Rhea-AI Summary
Energy Vault Holdings, Inc. (NYSE: NRGV) signed a licensing and royalty agreement with GESSOL, a South Africa-based consortium, including one of the largest EPC companies in Southern Africa, WBHO (JSE: WBO), iX Engineers, and Sizana Solutions. The agreement includes multi-year license revenues and additional royalty revenue streams tied to project deployments in South Africa and the broader 16 member-state Southern African Development Community (SADC) region. The license encompasses exclusive use of Energy Vault’s gravity energy storage technology portfolio and VaultOS™ software platform, with a total addressable market regionally for energy storage expected to be 125GWh+ through 2035, yielding a market potential of multi-billion dollars in EPC projects and associated royalty streams. The agreement is expected to facilitate multi-gigawatt hours (GWh’s) of long duration Energy Vault GESS deployments to contribute to the SADC region’s energy storage needs, estimated to reach over 125 GWh by 2035. Energy Vault will receive a project revenue royalty over the complete operating life of each project, including software and maintenance revenues. GESSOL will have exclusive rights to deploy Energy Vault’s portfolio of gravity energy storage technology and VaultOS throughout the SADC region. The agreement brings together a coalition of world-class EPC and Project Engineering firms, including WBHO and iX Engineers, to partner on Energy Vault GESS project deployment in the region. Energy Vault’s expansion into Southern Africa represents the company’s strong global momentum with its gravity energy storage portfolio into another large and growing energy storage market, following recent deployments in China. The company believes that its gravity technology and portfolio of other electrochemical and green hydrogen micro-grid solutions can contribute to the acceleration of the region’s clean energy transition timelines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
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none
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Rhea-AI Summary
Advanced Ionics (Ticker: AION) appoints John Jung as President and COO and Ignacio Bincaz as CCO to drive global growth, expand manufacturing capabilities, and launch pilot programs. The company's successful Series A round earlier this year has set the stage for rapid expansion and deployment of its green hydrogen electrolyzer technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
management
Rhea-AI Summary
Energy Vault Holdings, Inc. (NYSE: NRGV) appoints Stephanie Unwin, an experienced leader in the energy and renewables sector, to its Board of Directors. Ms. Unwin brings extensive industry experience from executive roles at leading companies like Horizon Power and Zenith Energy. She replaces Zia Huque, General Partner of Prime Movers Lab LLC, who led Energy Vault’s Series C investment round.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.24%
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management
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Rhea-AI Summary
Energy Vault Holdings, a leader in sustainable, grid-scale energy storage solutions, receives a comprehensive due diligence evaluation of its UL9540 factory-certified, B-VAULT™ battery energy storage system from DNV, confirming compliance with industry standards and regulations. The report highlights B-VAULT's flexibility, integration capabilities, safety, and reliability, positioning Energy Vault as a reliable and leading energy storage solutions provider.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.3%
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none
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Rhea-AI Summary
Energy Vault Holdings, Inc. (NYSE: NRGV) announced that Chairman and CEO Robert Piconi will participate in the SHARE Series event on December 4, 2023, at 1:00 pm ET. The event aims to provide retail investors access to management and will be webcast live.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.78%
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none
Rhea-AI Summary
Energy Vault Holdings, Inc. (NYSE: NRGV) Grants Restricted Stock Unit Awards to New Employees
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Rhea-AI Sentiment
End-of-Day
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Energy Vault Holdings Inc

NYSE:NRGV

NRGV Rankings

NRGV Stock Data

254.45M
82.44M
18.62%
39.95%
8.26%
Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing
Manufacturing
Link
United States
Westlake Village

About NRGV

Energy Vault is a Swiss-based, global energy storage company specializing in gravity and kinetic energy based, long-duration energy storage products.