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24.03.26 - 13:36
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Energy Vault Announces Acquisition of 175 MW Battery Energy Storage System Project in Texas (Business Wire)
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McMurtre BESS Project acquired from Belltown Power, advancing Energy Vault's 1,500 MW BESS deployment roadmap and strengthening its three-asset-class portfolio strategy across battery energy storage, powered land, and powered shells
175 MW / 350 MWh project strategically selected in the ERCOT North market near Dallas — a premier high-growth power market with exceptional revenue projections — with NTP expected Q4 2026 and commercial operation targeted for December 2027
Project expected to deliver $15–$20 million in annual revenues over its technical life, representing $350–$375 million+ in total expected lifetime revenues
Acquisition brings total MW's for owned assets acquired, under construction and in operation within the Asset Vault platform to 715 MW across all asset classesWESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--$NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the "Company"), a global leader in grid-scale energy storage solutions, today announced the ...
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17.03.26 - 21:09
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Energy Vault Reports Q4 and Full Year 2025 Financial Results (Business Wire)
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Q4 2025 contract revenue backlog soared to a record $1.3 billion, up 42% sequentially from Q3 2025 and up over 300% from the prior year
2025 Revenue of $203.7 million grew 340%+ compared to the prior year (within the original 2025 guidance range)
2025 GAAP gross profit reached $48.0 million up nearly 8x versus the prior year, resulting in 2025 gross margin of 23.6% versus 13.4% the prior year (and well above the original 2025 guidance range)
Q4 2025 Adjusted EBITDA improved by $23.2 million versus prior year, delivering a positive $9.8 million versus a loss of $13.4 million in the prior year
Q4 2025 Adjusted Net Income turned positive to $3.7 million versus a loss of $25.0 million in the prior year period
Q4 2025 GAAP Net Loss of $20.7 million improved by $41.1 million from a loss of $61.8 million in the prior year
Cash as of December 31, 2025 climbed to $103.4 million, up 67% sequentially from Q3-25 and up over 300% versus prior year, (above the original guidance range)
Total Megawatts (MW) now contracte...
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03.03.26 - 15:06
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Energy Vault Announces Closing of Upsized $150 Million Convertible Note and Improved Cost of Capital with Repayment of $45 Million in Existing Higher-Cost Convertible Debentures (Business Wire)
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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a global leader in sustainable grid-scale energy storage and AI power infrastructure, announced the closing of an upsized $150 million financing in convertible senior notes (versus the initially announced $125 million offering), strengthening its balance sheet and supporting continued execution of its own-and-operate strategy.
In connection with the closing of the Notes, the Company used a portion of the proceeds to repay principal outstanding under its Yorkville convertible debenture arrangements. On February 19, 2026, the Company redeemed approximately $45 million in aggregate principal amount of senior unsecured convertible debentures previously issued to YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP (“Yorkville”), eliminating this principal from the Company's balance sheet and improving future financial flexibility.
The Company also executed a capped call ...
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18.02.26 - 19:24
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Energy Vault Closes $135.5M Financing and Previews Strong Q4 2025 Financial Results (Business Wire)
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Highlights Recent Strategic AI Compute Milestones with Crusoe and Peak Energy alongside Continued Expansion in Australia
Financial Transformation & Balance Sheet Strength: Energy Vault strengthened its balance sheet while reporting its first positive Adjusted EBITDA of $5M–$10M in Q4 2025. Fueled by strong year-over-year revenue and gross margin growth, cash reserves increased over 300% to finish the year above $100 million.
Strategic Entry into AI Infrastructure: The Company officially entered the high-margin AI infrastructure market via a partnership with Crusoe, backed by domestic sodium-ion battery supply advantages and exclusive global market-entry rights for its next-generation technology.
Expansion of "Own & Operate" Portfolio To accelerate recurring revenue, Energy Vault continues to scale its "Own & Operate" asset base, highlighted by the recent addition of major long-duration energy storage projects in Australia.WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdin...
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12.02.26 - 05:54
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Energy Vault Announces Upsize and Pricing of $140 Million Convertible Senior Notes Offering (Business Wire)
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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”), a leader in sustainable, grid-scale energy storage solutions, today announced the pricing of $140.0 million aggregate principal amount of 5.250% convertible senior notes due 2031 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from the previously announced offering size of $125.0 million aggregate principal amount of Notes. Energy Vault also granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period, beginning on, and including, the date on which the Notes are first issued, up to an additional $20.0 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to settle on February 17, 2026, subject to customary closing conditions, ...
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