ENERGY VAULT HOLDINGS INC Stock Price, News & Analysis

Energy Vault (NYSE:NRGV) reported strong Q2 2025 financial results, with revenue increasing 126% to $8.5 million year-over-year. The company's contract revenue backlog surged 47% to $954 million versus Q1, marking a 120% increase year-to-date.

Key highlights include a 29.6% GAAP gross margin, improved Adjusted EBITDA, and cash position strengthening by 23% to $58.1 million. The company secured a significant $300 million Preferred Equity Investment for 'Asset Vault' to support 1.5GW of owned energy storage projects, expected to generate over $100 million in annual recurring EBITDA within 3-4 years.

Energy Vault maintains its FY2025 revenue guidance of $200-250 million and implemented an additional $6.5 million cost savings initiative. The company completed key projects including Cross Trails BESS and Calistoga Resiliency Center, which are now operational.

Energy Vault (NYSE:NRGV) has secured an exclusive agreement for a $300 million preferred equity investment to launch Asset Vault, a consolidated subsidiary focused on developing, building, owning, and operating energy storage assets globally. The investment will accelerate the deployment of 1.5GW of energy storage projects across the U.S., Australia, and Europe.

The non-dilutive investment is expected to enable over $1.0 billion in CapEx spending and generate $100+ million in annual recurring EBITDA within 3-4 years. Asset Vault's portfolio includes operational projects like Cross Trails BESS (57MW/114MWh) and Calistoga Resiliency Center (8.5MW/293MWh), with a robust pipeline of ~3GW of battery energy storage systems targeting 15%+ levered IRRs.

Energy Vault (NYSE: NRGV) has completed the acquisition of the Stoney Creek Battery Energy Storage System (BESS) in Northern New South Wales, Australia, after receiving Foreign Investment Review Board (FIRB) approval. The 125 MW/1,000 MWh project marks Energy Vault's first acquisition in Australia as part of its global "Own & Operate" portfolio.

The project features a 14-year Long-Term Energy Service Agreement (LTESA) and is expected to generate approximately $30 million in annual recurring EBITDA for over 15 years. This represents Energy Vault's third and largest energy storage asset, following successful projects in Texas and California. The BESS will utilize Energy Vault's proprietary VaultOS™ platform and B-VAULT™ storage technology to provide eight hours of dispatchable energy, supporting grid reliability and renewable energy integration in New South Wales.

Energy Vault (NYSE: NRGV) has secured a contract with Consumers Energy, Michigan's largest energy provider, to supply two battery energy storage systems (BESS) totaling 75 MW/300 MWh in Iosco and Bay Counties.

The project includes a 45 MW/180 MWh Weadock BESS in Hampton Township and a 30 MW/120 MWh Iosco County BESS in Oscoda Township. Battery deliveries are scheduled to begin in Q4 2024, with construction starting in Q1 2026 and commercial operation expected by Q4 2026.

The systems will utilize Energy Vault's B-VAULT™ suite and proprietary X-Vault integration platform with Vault-OS Energy Management System, designed to dispatch stored renewable energy during peak consumption hours.

Energy Vault (NYSE: NRGV) announced that its Calistoga Resiliency Center (CRC), the world's largest clean microgrid, has received CPUC approval to participate in CAISO energy markets. This milestone, along with the execution of a Large Generator Interconnection Agreement (LGIA), enables new revenue streams through market-based participation.

The CRC, located in Napa Valley, is a first-of-its-kind hybrid microgrid integrating hydrogen fuel cells with lithium-ion batteries. The facility provides critical backup power during emergencies while utilizing Energy Vault's proprietary H-VAULT™ storage system and AI-powered Vault-Bidder™ platform for optimized asset bidding.

The project, fully owned and operated by Energy Vault, recently secured $28 million in financing and completed the sale of its Investment Tax Credit. PG&E serves as the utility partner under a long-term energy services agreement.

Energy Vault (NYSE:NRGV) has secured $18 million in project financing for its Cross Trails battery energy storage system (BESS) in Texas. The 57 MW/114 MWh facility, which began commercial operations in June 2025, is supported by a 10-year offtake agreement with Gridmatic.

The company expects an additional $12+ million in Federal Investment Tax Credit-related funds later this quarter. The project delivers an attractive levered IRR of ~15% and represents a milestone in Energy Vault's 'Own & Operate' strategy. The company reported strong quarterly cash growth, with an increase of over 20% in Q2, following a ~60% increase from Q4-24 to Q1-25.

This financing follows the recent $28 million Calistoga Resiliency Center project financing and the acquisition of the 125 MW/1 GWh Stoney Creek BESS in Australia, demonstrating the company's successful execution of its global asset management strategy.

Energy Vault (NYSE:NRGV), a leader in sustainable grid-scale energy storage solutions, has scheduled its Q2 2025 earnings conference call for August 7, 2025 at 4:30 PM ET. The company will discuss financial results for the quarter ended June 30, 2025.

Investors can access the call via phone using the Conference ID: EnergyQ2 or watch the live webcast on the company's investor relations website. A replay will be available until August 21, 2025, through both telephonic access and the company's website.

Energy Vault (NYSE: NRGV) has successfully completed and commenced commercial operations of its 57 MW/114 MWh Cross Trails Battery Energy Storage System (BESS) in Snyder, Texas. This marks the first project under the company's 'Own & Operate' growth strategy, completed ahead of schedule. The project features a 10-year offtake agreement with Gridmatic, providing a guaranteed revenue floor plus upside participation. The BESS utilizes Energy Vault's second-generation B-VAULT™ AC system and VaultOS™ Energy Management System, supporting renewable energy production and grid resiliency in the ERCOT region. Energy Vault's global portfolio now encompasses 725 MW/3,700 MWh across the U.S., Australia, and Italy, with storage durations ranging from 2 to 8 hours. The project's early completion demonstrates the company's execution capabilities and commitment to delivering shareholder value through efficient capital deployment and operating expenses.

Energy Vault (NYSE: NRGV) and Jupiter Power have signed an agreement for an additional 100 MW/200 MWh battery energy storage system (BESS) in the ERCOT region, following their successful July 2024 deployment. The new system will utilize Energy Vault's B-VAULT and VaultOS platform, with construction already underway and operations expected to begin by summer's end. This expansion builds on their partnership initiated in 2022, which included a 2.4 GWh supply chain agreement. Jupiter Power, with over 2,500 MWh in operation or construction, will benefit from Energy Vault's proprietary UL9540 certified technology and flexible system architecture. The project aims to enhance grid resiliency and support decarbonization efforts in ERCOT.