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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 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%.
Energy Vault (NYSE: NRGV) executed a strategic commercial agreement to supply FEOC-compliant battery energy storage systems, grid-forming power conversion systems and AI infrastructure control software for an initial 1.25 GW of integrated power infrastructure serving hyperscaler AI data centers in Texas.
The deal, structured with a national turnkey power generation EPC using Caterpillar gensets, creates a repeatable, modular AI power platform capable of off-grid, fast-to-deploy, “always-on” power for gigawatt-scale AI campuses. According to Energy Vault, the initial deployment is backed by a hyperscaler customer contract and is expected to generate approximately $500–$600 million in revenue across 2H 2026 and 2027.
The companies plan initial deployments within four to twelve months and intend to pursue additional hyperscaler, neocloud and AI infrastructure opportunities globally, positioning Energy Vault as an integrated energy infrastructure provider beyond standalone storage technology.
Energy Vault (NYSE: NRGV) has begun construction of its powered AI infrastructure campus in Snyder, Texas, to support Crusoe Cloud. The first phase, called Snyder AI, is designed to provide 8MW of powered shell capacity, with expansion potential to 25MW in a second phase and a campus plan scalable up to 500MW.
Energy Vault is purchasing ten Crusoe Spark modular data centers from Crusoe, which Crusoe will lease back as powered shell infrastructure to deploy Crusoe Cloud computing capacity. The initial 8MW deployment is targeted for commercial operation in Q1 2027, with annual revenue per MW described as in line with the company’s prior guidance.
Agility Robotics appointed Michael Beer as Chief Financial Officer as it prepares for a planned public listing via its previously announced business combination with Churchill Capital Corp XI (NASDAQ: CCXI). Current CFO and COO Jennifer Hunter will transition to focus exclusively on the Chief Operating Officer role.
According to Agility Robotics, the leadership evolution creates dedicated executive oversight for finance and operations to support scaling production, global manufacturing and supply chain as customer deployments grow. Beer will lead capital markets, FP&A, accounting, treasury and investor relations. Agility reports deployments with Schaeffler, GXO and Toyota Motor Manufacturing Canada and a pipeline of over 30 enterprise customers across logistics, manufacturing and supply chain.
The company reiterates that its business combination with Churchill Capital Corp XI is expected to provide more than $620 million in gross proceeds, supporting expansion of production, customer deployments and its goal to operate as a publicly listed U.S. pure-play humanoid robotics company.
Energy Vault (NYSE: NRGV) appointed Nitin Dahiya, CFA, a senior capital markets veteran from BlackRock’s Direct Private Opportunities group, as Chief Financial Officer, effective July 27, 2026, as the company accelerates its evolution into a diversified global power infrastructure platform.
According to Energy Vault, Dahiya brings over two decades of experience in institutional investment, structured finance, capital allocation and mergers and acquisitions across energy, infrastructure, private credit and specialty finance, having deployed billions of dollars and served on multiple boards. The company links his arrival to recent multi‑GWh IPP growth in Australia, the acquisition of an 850MW IPP portfolio in Japan, AI compute infrastructure project wins in the US, and sharp increases in its contract backlog and future revenue visibility, supported by a previously announced $300 million Preferred Equity fund. Energy Vault plans to discuss the backlog increase and positive impact on its 2026 financial outlook on its Q2 2026 earnings call on August 11. Current CFO Michael Beer will transition from his role to pursue other opportunities.
Energy Vault (NYSE: NRGV) will release its earnings results for the second quarter ended June 30, 2026 on Tuesday, August 11, 2026, followed by a conference call at 4:30 PM ET. Investors can join via designated U.S. and international dial-in numbers or a live webcast on the company’s investor relations website.
A telephonic replay will be available until Tuesday, August 25, 2026, and an archived webcast replay will remain accessible on the Energy Vault investor site.
Energy Vault (NYSE: NRGV) announced its addition to the Russell 2000 Index, effective at market open on June 29, 2026, following the 2026 Russell indexes reconstitution. The Russell US indexes rank up to 4,000 U.S. stocks by market capitalization, with about $12.2 trillion in assets benchmarked to them as of June 2025.