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Energy Vault Holdings, Inc. (NYSE: NRGV) is a grid-scale and utility-scale energy storage company whose news flow centers on project milestones, financing developments and strategic partnerships in the energy storage sector. Company announcements describe Energy Vault as a global leader in grid-scale energy storage solutions, with a portfolio that includes proprietary battery, gravity and green hydrogen storage technologies supported by its VaultOS™ energy management platform.
News about Energy Vault often highlights progress on major projects and platforms. Examples include the start of construction of the SOSA Energy Center, a 150 MW / 300 MWh battery energy storage system in Madison County, Texas, under the company’s Asset Vault platform, and the successful completion and commercial operation of the Calistoga Resiliency Center, a hybrid battery and hydrogen microgrid developed with Pacific Gas and Electric Company to provide long-duration, zero-emission backup power during Public Safety Power Shutoff events.
Investors following NRGV news will also see updates on the company’s “Own & Operate” strategy and Asset Vault, a fully consolidated subsidiary launched with a $300 million preferred equity investment from Orion Infrastructure Capital. Press releases and related Form 8-K filings describe Asset Vault’s role in developing, building, owning and operating energy storage assets globally, and in contracting design, construction and long-term service agreements back to Energy Vault.
Additional news items cover commercial agreements and market entries, such as B-VAULT™ FlexGrid deployments for Schindler Group and Energie Wettingen AG in Switzerland, and a Framework Supply Agreement with EU Green Energy LLC for up to 1.8 GWh of battery energy storage systems in the Balkan region. Financial updates, including quarterly results, backlog figures, financing arrangements and NYSE compliance notices, are also disclosed through regular press releases and SEC filings. Readers can use this news feed to track Energy Vault’s project pipeline, asset ownership strategy and regulatory disclosures over time.
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) reported its Q1 2025 financial results, showing significant growth and operational progress. The company's contract revenue backlog increased 49% to $648 million, driven by strong performance in Australia and the U.S. Q1 revenue grew 10% year-over-year to $8.5 million, while GAAP gross margin more than doubled to 57.1%. Cash position improved 57% to $47.2 million.
Notable achievements include completing their first owned & operated energy storage asset in Texas (Cross Trails project), signing a 10-year license agreement with India's SPML Infra, and progress on multiple Australian projects totaling 2.6 GWh. The company is implementing a 15-25% reduction in quarterly adjusted operating expenses while maintaining growth investments in Australia. Adjusted EBITDA loss narrowed by 22% to $11.3 million.
The company expects additional cash proceeds of ~$45 million from project financing and ITC sales in Q2/Q3, with potential revenue upside from the recent China-U.S. tariff pause.Energy Vault (NYSE: NRGV), a leader in sustainable grid-scale energy storage solutions, has scheduled its Q1 2025 earnings release and conference call.
Key Details:
- Earnings Release Date: Monday, May 12, 2025
- Conference Call Time: 4:30 PM ET
- Call Access Numbers: - Domestic: 1-877-704-4453 - International: 1-201-389-0920
- Replay Information: - Available until May 26, 2025 - Domestic: 1-844-512-2921 - International: 1-412-317-6671 - Access Code: 13753464
A live webcast will be accessible through the investors section of Energy Vault's website. An archived replay of the call will also remain available on the company's investor relations webpage.
Energy Vault Holdings (NYSE: NRGV) has announced the granting of restricted stock unit awards to 12 new, non-executive employees. The grants, effective March 5, 2025, cover 637,600 shares of common stock under the company's 2022 Employment Inducement Award Plan.
The restricted stock units were granted as employment inducements in accordance with NYSE Listing Rule 303A.08. The vesting schedule includes 25% of shares vesting on the first anniversary of the vesting commencement date, followed by 6.25% vesting every three months thereafter, subject to continued employment.
Energy Vault Holdings (NYSE: NRGV) has received a notice from the New York Stock Exchange (NYSE) on April 16, 2025, indicating non-compliance with continued listing standards due to its average closing stock price falling below $1.00 over a consecutive 30-day trading period.
The company has been granted a six-month cure period to regain compliance with the NYSE's minimum stock price requirement. Energy Vault plans to notify NYSE by May 1, 2025, of its intent to cure the deficiency and will consider available alternatives, subject to stockholder approval. During this period, NRGV's common stock will continue to trade on the NYSE.