Articles from Energy Vault Holdings, Inc.

Energy Vault Holdings Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced a strategic partnership with NuCube Energy, Inc. (NuCube), a breakthrough nuclear technology company, to accelerate the delivery of NuCube’s NuSun platform. NuSun is a dedicated deployment of NuCube technology to meet large energy use sites such as data centers. The joint technical development effort will focus on the integration of the NuSun platform with Energy Vault’s VaultOS™ Energy Management System (EMS) and B-VAULT™ Battery Energy Storage System (BESS) to enable rapid deployment of carbon-free, safe and cost-effective baseload generation with the operational flexibility required by data centers and large energy users.

Energy Vault Holdings Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced a strategic partnership with RackScale Data Centers (“RSDC”), an emerging data center developer. This partnership aims to accelerate the delivery of 2GW of firm, primary power to data center sites developed by RSDC through the deployment of Energy Vault's proprietary B-Nest™ hyperscale battery energy storage system. The parties aim to begin construction at data center sites in 2026.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that, effective on November 26, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted to 3 new, non-executive employees, restricted stock unit awards covering 96,000 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The Compensation Committee also granted to Brad Eastman, Energy Vault’s new Chief Legal Officer (i) a restricted stock unit award covering 700,000 shares of the Company’s common stock and (ii) a performance-based restricted stock unit award (the “PSU Award”) covering 300,000 shares of the Company’s common stock under the Inducement Award Plan. The restricted stock units and performance-based restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2024.

Energy Vault Holdings Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced plans for the deployment of a 57 MW/114 MWh Battery Energy Storage System (BESS) in Scurry County, Texas, as well as the signing of a 10-year offtake agreement with Gridmatic, a leading AI-enabled power marketer. Construction of the Cross Trails BESS is expected to begin in Q1 2025, with commercial operation expected by summer 2025.

Energy Vault Holdings Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that it received written notice from the New York Stock Exchange (the “NYSE”) stating that the Company regained compliance with the minimum continued listing criteria set forth in Section 802.01C of the NYSE Listed Company Manual, based upon an average share price for the trailing 30-consecutive trading days above $1.00 on October 31, 2024.

Energy Vault Holdings Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, is honored to announce the selection of its EVx gravity energy storage system (GESS) technology to TIME’s Best Inventions of 2024 list, in the “Green Energy” category. This recognition highlights growing awareness of the need for reliable, cost-effective and sustainable energy storage solutions to meet global decarbonization goals, as well as the significant potential of gravity energy storage technology to play a key role in advancing the world’s transition to clean, renewable energy.

Energy Vault Holdings Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, announced today that it has signed an agreement with Enervest Group (“Enervest”) for the deployment of a 1,000 MWh battery energy storage system (BESS) at the Stoney Creek site in New South Wales, Australia. As part of the agreement, the companies are now finalizing the development and grid application approvals to bring the project to full FID.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the third quarter ended September 30, 2024 on Tuesday, November 12, 2024 followed by a conference call at 4:30 PM ET.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a leader in sustainable, grid-scale energy storage solutions, today announced continued progress in executing its growth strategy unveiled during the May 2024 Investor and Analyst Day. The Company is focusing on addressing the largest markets and growth regions, delivering more predictable and recurring revenues, and driving strong growth and profitability.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that, effective on September 24, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering aggregate of 100,000 to new, non-executive employee under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The Compensation Committee also granted an option to purchase 250,000 shares of the Company’s common stock at an exercise price per share of common stock equal to the fair market value (as defined in the Inducement Award Plan) on the grant date; and awards of 500,000 restricted stock units and an additional 500,000 performance based restricted stock units to Greg Daily, the Group Executive under the Inducement Award Plan. The option, restricted stock units and performance based restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, announced today it received a Corporate Sustainability Assessment (CSA) score of 68 (out of 100) as reported in the 2024 S&P Global Environmental, Social, and Governance (ESG) Ratings. This is the third time that the company has been evaluated by S&P, and represents a 36% (or 18-point) increase over the Company’s 2023 rating.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that it received notice from the New York Stock Exchange (the “NYSE”) on September 13, 2024, indicating that Energy Vault is not in compliance with NYSE’s continued listing standards because the average closing price of Energy Vault’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of Energy Vault’s common stock from the NYSE.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that, effective on August 2, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted to 5 new, non-executive employees, restricted stock unit awards covering 507,000 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the second quarter ended June 30, 2024.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and Carbosulcis S.p.A. ("Carbosulcis"), a coal mining company owned by the Autonomous Region of Sardinia, today announced their plans to develop a 100MW Hybrid Gravity Energy Storage System, a solution designed by Energy Vault for underground mines, pairing their modular gravity storage and batteries. This unique energy storage solution to be deployed within 500-meter-deep mine shafts, along with the VaultOS™ proprietary energy management software, is essential for the Sardinia Government's targeted conversion of the coal mine to a Carbon Free Technology Hub, where the availability of low/zero emissions energy will be a catalyst to attract new industrial and technological activities.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced strategic organizational changes and leadership additions aimed at capitalizing on a host of market opportunities in the rapidly evolving energy storage sector driven by the continuous growth of renewable energy and the massive growth in pure power load created by generative AI.

Energy Vault Holdings Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the successful deployment of its proprietary B-Vault AC block and VaultOS™ Energy Management System supporting Jupiter Power’s St. Gall Battery Energy Storage System (BESS).

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2024 on Tuesday, August 6, 2024 followed by a conference call at 4:30 PM ET.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the execution of a contract with ACEN Australia for the previously announced deployments of two battery energy storage systems (BESS) totaling 400 MWh in Australia.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and Skidmore, Owings & Merrill (SOM), a leading architecture and engineering firm, today announced a global exclusive gravity energy storage partnership.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that on May 16, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted (i) to 1 new, non-executive employee, a restricted stock unit award covering 4,315 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”) and (ii) to Michael Beer, Energy Vault’s new Chief Financial Officer, (A) an option to purchase 800,000 shares of its common stock at an exercise price per share of common stock equal to the fair market value (as defined in the Inducement Award Plan) on the grant date; (B) a restricted stock unit award covering 600,000 shares of its common stock; and (C) a performance-based restricted stock unit award (the “PSU Award”) covering 600,000 shares of its common stock under the Inducement Award Plan. The option, restricted stock units and performance-based restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and ACEN Australia, today announced the main contractual agreements for two battery energy storage system (BESS) deployments totaling 400 MWh in Australia. Construction on both deployments is expected to begin in the second half of 2024, with commercial operations expected in 2025 and 2026. The agreements are under final contract procedural preparation, and expected to be executed and closed formally within the first half of May 2024.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2024.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVx™ gravity energy storage system (GESS) by China Tianying Co., Ltd (CNTY). Testing included the successful charging and discharging of units of the 25 MW/100 MWh GESS invested in and built by CNTY in partnership with Energy Vault and Atlas Renewable.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada’s largest public utility, today announced the completion and beginning of commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will host its inaugural Investor & Analyst Day on Thursday, May 9, 2024 in New York. The event will begin at 9:00 AM ET, be livestreamed, and all parties interested in attending virtually can pre-register here. In-person attendance at the event to be held at the New York Stock Exchange is limited and by invitation only.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the publication of its 2023 Sustainability Report.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Michael Beer as Chief Financial Officer. Beer will replace Jan Kees van Gaalen, who has served in the role since November 2022 and plans to retire. The appointment is effective April 15, 2024.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that on March 27, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 162,500 shares of its common stock to 10 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today confirmed that China state grid interconnection and inverse power operation was achieved for the Rudong EVx system in December 2023 while construction has commenced on three additional grid-scale EVx™ gravity energy storage system (GESS) deployments in China. Energy Vault's partners, China Tianying (CNTY) and Atlas Renewable, now have nine EVx GESS deployments underway in China totaling 3.7 GWh, each of which will generate future project revenue royalties for Energy Vault.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, today announced construction start of its previously announced deployment of a utility-scale green hydrogen plus battery ultra-long duration energy storage system (BH-ESS) with 293 megawatt-hours (MWh) of dispatchable carbon-free energy.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 12, 2024 followed by a conference call at 4:30 PM ET.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that it has signed a new licensing and royalty agreement in the Southern African Development Community (SADC) region. The agreement was executed in Q4 2023 with Gravity Energy Storage Solutions (Pty) Ltd (GESSOL), a consortium company focused on energy storage deployments in Southern Africa, and includes one of the largest listed engineering, procurement and construction (“EPC”) companies in the region WBHO (JSE: WBO) who will support all engineering, procurement and construction activities, as well as pan-African project engineering group iX Engineers and commercial developer Sizana Solutions, which has been partnered with Energy Vault since 2019 in development of the South African market for energy storage solutions. While the scope of the license and royalty agreement includes Energy Vault’s gravity energy storage systems (GESS) and its associated VaultOS™ energy management system (EMS), the consortium companies are also bidding Energy Vault’s leading portfolio of short duration battery and ultra-long duration Green Hydrogen hybrid systems within the SADC territory to address energy shifting and micro-grid development to serve the utility, mining and industrial sectors.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Stephanie Unwin to the Company’s Board of Directors effective with Energy Vault’s next quarterly Board meeting in March 2024. She replaces Zia Huque, General Partner of Prime Movers Lab LLC which led Energy Vault’s Series C investment round. Mr. Huque’s departure will be concurrent with Ms. Unwin’s joining of the Board.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that it has received a comprehensive, successful due diligence evaluation, commonly referred to in the industry as a “Bankability Report”, of its UL9540 factory-certified, B-VAULT™ battery energy storage system (BESS) from DNV, a leading independent assurance and risk management provider. The report acknowledges that B-VAULT fully conforms to the industry’s expectations for performance, safety and reliability.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that Chairman and Chief Executive Officer, Robert Piconi, will participate in the SHARE Series event on Monday, December 4, 2023 at 1:00 pm ET.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that on November 13, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 155,644 shares of its common stock to 12 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2023.

Energy Vault Holdings Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, along with Wellhead Electric Company, Inc. (“Wellhead”) and W Power, LLC, (“W Power”), a woman-owned business enterprise that develops and owns power generation facilities in California, today announced that the Stanton Battery Energy Storage System (SBES) is fully operational.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that five new EVx™ gravity energy storage systems (GESS) will be deployed by China Tianying Inc. (CNTY) (CN: 000035) under the Company’s previously announced licensing and royalty agreement with Atlas Renewable, which includes a 5% project revenue royalty associated with each project.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced the appointment of Bernie Colson, CFA as Vice President of Investor Relations. With over two decades of experience in the energy capital markets, Mr. Colson joins Energy Vault as a seasoned energy professional to steer the company's financial communication strategy as well as maintain and expand relationships with the investor and analyst communities.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the third quarter ended September 30, 2023 on Tuesday, November 7, 2023 followed by a conference call at 4:30 PM ET.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, will be presenting its full suite of sustainable energy storage solutions and products at the RE+ conference in Las Vegas, Nev. from September 12-14, 2023, at The Venetian Convention & Expo Center. Energy Vault representatives will brief RE+ attendees on the Company’s transformative energy storage hardware, software and solutions designed to meet customers’ unique needs for short, long, and ultra-long duration energy storage.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that on August 28, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 229,556 shares of its common stock to 15 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the second quarter ended June 30, 2023.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced, along with its partners Atlas Renewable and China Tianying (CNTY), that the world’s first grid-scale EVx™ gravity energy storage system (GESS) has entered the first phases of commissioning.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2023 on Tuesday, August 8, 2023 followed by a conference call at 8:30 AM ET.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that Bleecker Street Research has issued retractions and corrections to its December 2, 2022 short seller report about Energy Vault.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that on May 10, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 228,200 shares of its common stock to 18 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2023.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the publication of its inaugural Sustainability Report.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, today announced it has published a shareholder letter from Chairman and Chief Executive Officer, Robert Piconi, outlining details of a recent visit to China and Mongolia.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the first quarter ended March 31, 2023 on Tuesday, May 9, 2023 followed by a conference call at 4:30 PM ET.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2022.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that on February 24, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 693,203 shares of its common stock to 25 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2022 on Tuesday, March 7, 2023 followed by a conference call at 4:30 PM ET.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Theresa Fariello to the Company’s Board of Directors effective February 1, 2023. She replaces Henry Elkus, Founder and CEO of Helena, a strategic partner and Series B-1 investor in Energy Vault, upon his concurrent departure from the Board.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced updated fourth quarter and full year 2022 expected revenue results for its fiscal year ended December 31, 2022.

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSENRGV), a global energy storage company today announced that on January 9, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 614,600 shares of its common stock to 29 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation NYSE: PCGNYSEPCG)

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that NV Energy, Nevada’s largest public utility, has awarded the Company with a project for the deployment of a short duration energy storage solution. The Battery Energy Storage System (BESS), one of the largest in Nevada, is expected to start construction in Q2 2023 with commercial operation expected by the end of 2023.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today provided the following response to the recent short seller report issued by Bleecker Street Research who has a disclosed economic incentive to negatively influence the Company’s stock price. The report, issued on December 2, 2022, contains factual inaccuracies, mischaracterizations and misinformation. Key statements from the short report are addressed below:

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2022.

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault”) (the “Company��), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Jan Kees van Gaalen as Chief Financial Officer. Mr. van Gaalen will replace David Hitchcock, who has served as interim-Chief Financial Officer since April 2022. The appointment as CFO is effective November 16, 2022. Mr. Hitchcock will remain as an advisor to Energy Vault through December 31, 2022.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of E.B. Jensen as Senior Vice President of Project Execution and Delivery. The appointment is effective immediately and Jensen will report to Robert A. Piconi, Chairman and Chief Executive Officer.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced a Notice of Award from Meadow Creek Solar Pty Ltd ("Meadow Creek" or "Meadow") for the deployment of a 250MW/500MWh battery energy storage system (“BESS”) at the Meadow Creek Solar Farm in Victoria, Australia. Developed by Meadow Creek, the 330MW solar farm is located three hours north of Melbourne, Australia, and provides zero-carbon electricity to approximately 110,000 homes in the region.

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the third quarter ended September 30, 2022 on Monday, November 14, 2022 followed by a conference call at 4:30 PM ET.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced further development for the EVx gravity energy storage platform in China. Specifically, a mandate has been issued announcing an initial 2-gigawatt hour (2 GWh) gravity energy storage project and the deployment of Energy Vault’s Energy Resiliency Centers (ERC’s) at the zero carbon industrial parks in China that will deploy Energy Vault’s EVx™ gravity energy storage technology.

Energy Vault Holdings, Inc. (NYSENRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the appointment of Craig Horne, Ph.D., as Vice President, Advanced Energy Storage Development. Dr. Horne will be based in Energy Vault’s U.S. headquarters in Westlake Village, Calif.

Energy Vault Holdings Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the signing of the Stanton Energy Storage System (SESS) EPC contract with Wellhead Electric Company, Inc. (“Wellhead Electric”) and W Power, LLC, (“W Power”), a woman-owned business enterprise that has developed and owned power generation facilities in California. The project will be operated by Wellhead Services, Inc., one of the most experienced developers and operators of innovative energy generation and energy storage facilities in California, which is based in Sacramento, California.

Energy Vault Holdings Inc. (NYSENRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, and Jupiter Power (“Jupiter”), a leading battery energy storage developer and owner/operator of utility-scale battery energy storage projects in the United States, today announced the signing of two contracts whereby Energy Vault will supply equipment, engineering, procurement, construction, balance of plant services and the energy management software for two of Jupiter’s battery energy storage projects.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the second quarter ended June 30, 2022.

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault” or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the completion of the redemption of all outstanding public warrants (other than Private Placement Warrants held by the Sponsor or its Permitted Transferees through and including the Redemption Date) (as defined in the Warrant Agreement) (the “Public Warrants”) to purchase shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), that were issued under the Warrant Agreement, dated as of February 3, 2021 by and between the Company (f/k/a Novus Capital Corp. II) and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”), for a redemption price of $0.10 per Warrant (the “Redemption Price”), that remained outstanding at 5:00 p.m. New York City time on August 1, 2022 (the “Redemption Date”).