Energy Vault Holdings, Inc. reports developments tied to grid-scale energy storage, energy management software, project ownership, and AI power infrastructure. The company’s updates cover proprietary gravity, battery and green hydrogen-based storage technologies, VaultOS energy management software, and the Asset Vault platform for developing, owning and operating energy storage assets.
Recurring NRGV news also includes operating and financial results, contract backlog, capital-structure actions, material agreements, project acquisitions, geographic expansion, employee equity awards and governance matters. Coverage reflects the company’s transition from technology integration toward a broader own-and-operate infrastructure model while maintaining disclosures around liquidity, financing and execution of storage projects.
Energy Vault (NRGV) has secured a $137.5 million senior secured credit facility for a subsidiary from Eagle Point Credit Management.
The financing will support procurement of 275 MW of reciprocating engine generation capacity using Rolls-Royce MTU technology for Energy Vault’s hyperscale AI and data center infrastructure projects. Equipment deliveries are expected to begin in the second half of 2027 and continue through the first half of 2028. Eagle Point directly originated and structured the financing, building on its existing relationship with Energy Vault.
Energy Vault (NYSE: NRGV) raised its full-year 2026 revenue expectations to the top half of its previous guidance range.
The previous range was $270-$310 million, raised and narrowed in August from $225-$300 million. The company bases its updated expectation on current operational execution and expected fourth-quarter project deliveries. Third-quarter results for the period ended September 30, 2026, will be released on November 10, 2026, followed by a conference call at 4:30 PM ET. Energy Vault plans to discuss its 2026 expectations and provide initial 2027 guidance on that call, citing an increase in contracted backlog.
Energy Vault (NRGV) received New South Wales state development approval for its Stoney Creek battery storage project in Australia.
The project in Narrabri is designed for 125 MW / 1 GWh of capacity and eight hours of storage. Energy Vault recently acquired the project land outright, and geotechnical works were completed in late August 2026. The company expects site works and mobilization to begin in Q4 2026, with commercial operations starting in H1 2028, subject to remaining conditions and customary project requirements.
A 14-year Long-Term Energy Service Agreement awarded through AEMO Services provides contracted revenue support. Energy Vault expects the agreement and anticipated merchant-market revenues to support approximately US$25–30 million in annual project revenue once operational. The approval followed an environmental and planning assessment and includes consent conditions.
Energy Vault (NRGV) placed a 275 MW order with 2G Energy AG to supply containerized power generation systems for powered land and powered shell AI energy infrastructure solutions in the United States.
The systems will serve AI and data center customers, including hyperscalers, and are scheduled for delivery between the fourth quarter of 2027 and the third quarter of 2028 based on current project planning. The plug-and-play units will be pre-assembled and tested at 2G’s Heek, Germany facility before shipment for on-site commissioning in the U.S.
The generation units are designed as the dispatchable layer within Energy Vault’s integrated power architecture, operating alongside battery energy storage and VaultOS™ controls to support power quality, resilience and rapidly changing AI compute loads. The order also includes long-term service support, and 2G is expanding production capacity in Heek, including a second site targeted for completion by the end of 2027.
Energy Vault (NRGV) acquired a 2.3+ GW portfolio of U.S. battery energy storage system (BESS) development projects from Goshe Energy Storage, adding 15 projects and Goshe’s development team to its Asset Vault platform.
The portfolio is anchored by two ready-to-build projects of 150 MW and 200 MW, both expected to reach commercial operations in Q1 2028 and together generate about $30 million in annual run-rate EBITDA once operational. The acquisition accelerates Asset Vault’s recurring EBITDA goals, with the platform now expected to deliver $200 million+ of 2028 exit run-rate EBITDA under Energy Vault’s long-term ownership model. To support development, construction and operations of the acquired assets, Energy Vault secured a credit facility commitment of up to $40 million from S2G Investments. The company’s active owned-asset portfolio now totals over 1.75 GW of energy and AI compute infrastructure in operation or under construction.
Energy Vault (NRGV) secured and fully contracted 275 MW of long-lead reciprocating engine generation capacity using Rolls-Royce MTU technology, backed by dedicated equipment financing from Eagle Point Credit Management.
Equipment deliveries are expected from the second half of 2027 through the first half of 2028. The capacity supports Energy Vault’s Powered Land platform and multi-gigawatt onsite power infrastructure discussions for hyperscale AI and high-performance computing campuses. The company said the structure enables capital-efficient procurement while limiting use of corporate capital before projects are deployed under its build-own-operate model.
Energy Vault (NRGV) has completed the acquisition of the underlying land for its 125 MW / 1 GWh Stoney Creek Battery Energy Storage System in Northern New South Wales, Australia, following Foreign Investment Review Board approval.
The site previously held under a lease agreement is now fully owned, giving long-term site control and advancing construction readiness. Construction is expected to start in Q1 2027, with commercial operations targeted for H1 2028, subject to final approvals. The eight‑hour BESS is backed by a 14‑year Long‑Term Energy Service Agreement (LTESA) awarded through AEMO Services, which is expected to provide approximately $25–$30 million in annual long-term revenue and enhance revenue visibility. Stoney Creek is positioned as a flagship asset in Energy Vault’s Build, Own & Operate portfolio and is expected to contribute to a growing global base of contracted, recurring revenues.
Energy Vault (NYSE: NRGV) announced that Italy’s Council of Ministers has designated its Digital Vault Sulcis AI infrastructure investment program in Sardinia as a project of pre‑eminent national strategic interest, following a proposal by the Minister of Enterprises and Made in Italy and support from the Autonomous Region of Sardinia.
The designation provides an accelerated administrative and authorization pathway, including the expected appointment of a special Government Commissioner. The program initially targets an Edge AI data center of about 30 MW integrated with renewable generation and storage at the former Carbosulcis coal mining complex, with a phased master plan to scale to 50–60 MW of IT capacity and up to 100 MW of total site power. Energy Vault currently targets construction start by 2028 and commercial operations by 2030, subject to final approvals and remaining development milestones, positioning Digital Vault Sulcis as its flagship European AI infrastructure campus and an extension of its Build, Own & Operate strategy into powered AI infrastructure.
Energy Vault (NYSE: NRGV) reported that, effective August 4, 2026, its Compensation Committee granted restricted stock unit (RSU) and performance-based RSU awards to 19 new employees under the 2022 Employment Inducement Award Plan.
The awards cover an aggregate 1,236,510 shares, vest over four years, and for performance-based RSUs require achievement of a target share price and continued service.
Energy Vault (NYSE: NRGV) reported Q2 2026 revenue of $17.4 million, up 104% year-over-year, with GAAP gross profit of $5.4 million and GAAP gross margin of 31.0%, up about 140 bps. Adjusted gross margin reached 38.6%, up roughly 900 bps year-over-year.
Q2 GAAP net loss narrowed to $29.7 million (EPS $(0.17)$), while adjusted EBITDA loss widened to $17.0 million. Contract backlog expanded to roughly $2 billion, up about 107% year-over-year, with ~40% expected to convert to revenue within 12–18 months and ~60% tied to long-term owned projects.
Total cash and restricted cash rose to $148 million, up $31 million sequentially. The company executed a 1.25 GW AI infrastructure contract in Texas expected to generate $500–$600 million of revenue through 2027 and raised 2026 revenue guidance to $270–$310 million, with GAAP gross margin guidance narrowed to 20%–25%.