Eagle Point Provides Strategic Equipment Financing to Energy Vault for Behind the Meter Power Infrastructure

Dedicated financing supports procurement of 275 MW of generation capacity, with equipment deliveries expected to begin in the second half of 2027.

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GREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Credit Management LLC (“Eagle Point”), an innovative private credit investment manager, today announced it has provided a $137.5 million senior secured credit facility to a subsidiary of Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”), a global energy infrastructure company supporting grid reliability and next-generation AI and high-performance computing infrastructure.

Eagle Point directly originated and structured this bespoke financing, which will support Energy Vault’s procurement of 275 MW of reciprocating engine generation capacity utilizing Rolls-Royce MTU technology for deployment across its 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. The transaction builds on Eagle Point’s relationship with Energy Vault and was executed through collaboration across Eagle Point’s Infrastructure Credit and equipment finance capabilities.

“We are excited to continue our support of Energy Vault as it expands its power infrastructure platform for hyperscale AI customers,” said Jennifer Powers, Principal and Head of Infrastructure Credit at Eagle Point. “The rapid growth of AI infrastructure is creating significant demand for power capacity and the capital required to deploy that infrastructure at scale. Equipment lead times are often a key constraint to getting power online, creating opportunities for investors that can provide tailored financing. Eagle Point’s experience across power and infrastructure positions us well to provide capital and structure solutions around these constraints.”

Eagle Point views access to power as a cornerstone of digital infrastructure and data center development. When underwriting data center opportunities, the firm evaluates power availability, delivery timelines, demand sustainability and operational resiliency.

“For hyperscalers, access to power and speed-to-power are increasingly determining where and how quickly AI infrastructure can be deployed,” said Cory Magnuson, President of Asset Vault at Energy Vault. “By securing 275 MW of reciprocating engine generation capacity for delivery beginning in 2027, together with dedicated financing supporting the procurement, we are taking greater control over two critical elements of execution: equipment availability and capital.”

A&O Shearman served as legal counsel to Eagle Point in connection with the transaction.

About Eagle Point Credit Management
Eagle Point^® is an investment manager focused on private credit strategies in inefficient markets, including Portfolio Debt Securities, Regulatory Capital Relief transactions, Infrastructure Credit, Strategic Credit investments, Specialty Finance and CLO securities. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point manages $14 billion on behalf of institutional and retail investors and has over 120 professionals. Please visit www.EaglePointCredit.com for more information.

About Energy Vault
Energy Vault^® is an integrated power infrastructure platform that builds, owns and operates flexible, reliable energy systems to accelerate time-to-power for utilities, independent power producers, industrial customers and the AI and data center market. At the core of its platform is a technology-agnostic, software-enabled architecture that is designed to accelerate project delivery, optimize performance and drive faster time-to-revenue. Energy Vault’s integrated solutions combine energy storage, generation and advanced energy management to deliver scalable infrastructure tailored to customer needs. Its portfolio spans short-, long- and multi-day duration storage, enabling reliability, flexibility and cost efficiency across applications. For utilities and grid operators, Energy Vault provides firm, flexible capacity that enhances grid stability and helps to ensure reliable power delivery. For industrial and data center customers, the platform enables resilient, cost-efficient power supply to support critical operations. Through its Build, Own & Operate model, Energy Vault generates long-term, recurring revenues while delivering project execution excellence across development, delivery and operations. By combining innovation with disciplined execution, Energy Vault is redefining how power infrastructure is developed and deployed – delivering reliability, flexibility and scale in a rapidly evolving global energy market. Please visit www.energyvault.com for additional information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261029722328/en/

Media
Eagle Point:
Pro-EaglePoint@prosek.com

Energy Vault:
Investors energyvaultIR@icrinc.com
Media media@energyvault.com

Source: Eagle Point Credit Management LLC

Key Terms

behind the meter technical

Energy generation or equipment located on a customer’s side of the utility meter, such as rooftop solar panels, battery storage, electric vehicle chargers or energy-saving controls. It matters to investors because it reduces the amount of electricity bought from utilities, can lower operating costs for businesses, change utility revenue patterns, and shift demand in energy markets—like a homeowner installing a rain barrel that cuts water bought from the city and alters suppliers’ sales.

senior secured credit facility financial

A senior secured credit facility is a loan or revolving line of credit where lenders have first legal claim on specific company assets (collateral) and the debt ranks above other obligations for repayment. For investors it signals where a lender sits in the repayment pecking order and how much protection creditors have if the company struggles, affecting credit costs, the company’s ability to borrow more, and potential recoveries in a default — like a mortgage taking priority over other claims on a house.

reciprocating engine technical

A reciprocating engine is a machine that produces power by moving pistons back and forth inside cylinders, much like a bicycle pump that pushes and pulls air, with that linear motion converted into the spinning force that drives cars, small aircraft, generators, and equipment. Investors care because the engine’s fuel efficiency, reliability, maintenance needs and emissions determine operating costs, product competitiveness and regulatory risk, which directly affect a manufacturer’s profits and long-term value.