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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 (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.
Energy Vault (NYSE:NRGV) closed its acquisition of an 850 MW battery energy storage development portfolio in Japan from BayWa r.e.
The deal adds 350 MW of advanced-stage and 500 MW of early-stage projects, lifting Energy Vault’s owned asset base to about 1.1 GW and supporting over $180M in expected annual recurring EBITDA once fully operational.
Energy Vault (NYSE: NRGV) appointed IPP veteran Cory Magnuson as President of Asset Vault and expanded its financing platform to support multi-gigawatt AI compute infrastructure projects.
Asset Vault now controls 1.1 GW of assets expected to generate over $180 million in recurring annual EBITDA, supports a 3+ GW global development pipeline, and targets more than 4 GW of installed assets and $1.8 billion in run-rate recurring EBITDA by 2030. Energy Vault reports over $1.3 billion in long-term contracted backlog and 99%+ power availability for customers.
Energy Vault (NYSE:NRGV) granted new equity awards under its 2022 Employment Inducement Award Plan. Effective April 29, 2026, 6 new employees received restricted stock unit and performance-based restricted stock unit awards covering an aggregate 2,350,000 common shares, granted in accordance with NYSE Listing Rule 303A.08.
Time- and performance-based vesting occurs over four years, subject to continued service.
Energy Vault (NYSE: NRGV) signed a strategic development agreement with Eskom to deploy an EVx 2.0 gravity energy storage system at the Hendrina Power Station in South Africa. The first plant targets 25 MW/100 MWh, scalable to 4 GW and up to 4 GWh across 16 SADC countries by 2035, supporting coal-to-renewables transition, grid reliability, and local economic development through ash reuse, training, and job creation.