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Energy Vault Holdings, Inc. Common Stock (NRGV)

1.7910
-0.0590 (-3.19%)
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Energy Vault and NuCube Energy Form Strategic Partnership to Power AI Data Centers with Nuclear Microreactors, Offering Flexible Baseload, Energy Storage and Grid Services Capabilities
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.
By Energy Vault Holdings, Inc. · Via Business Wire · January 15, 2025
Energy Vault and RackScale Data Centers Announce Strategic Partnership to Accelerate Delivery of 2GW of Power to Data Centers
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.
By Energy Vault Holdings, Inc. · Via Business Wire · December 11, 2024
Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
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.
By Energy Vault Holdings, Inc. · Via Business Wire · November 29, 2024
Energy Vault Reports Third Quarter 2024 Financial Results
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.
By Energy Vault Holdings, Inc. · Via Business Wire · November 12, 2024
Energy Vault Announces FID Approval for 57 MW Cross Trails Battery Energy Storage System in Texas and 10-Year Offtake Agreement with Gridmatic
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.
By Energy Vault Holdings, Inc. · Via Business Wire · November 8, 2024
Energy Vault Announces Compliance with NYSE Continued Listing Criteria
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.
By Energy Vault Holdings, Inc. · Via Business Wire · November 4, 2024
Energy Vault EVx™ Gravity Energy Storage Technology Named a TIME Best Invention of 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.
By Energy Vault Holdings, Inc. · Via Business Wire · October 30, 2024
Energy Vault and Enervest Announce Agreement for 1.0 GWh Energy Storage Project for the Stoney Creek Battery Energy Storage System in New South Wales, Australia
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.
By Energy Vault Holdings, Inc. · Via Business Wire · October 21, 2024
Energy Vault Schedules Conference Call to Discuss Third Quarter 2024 Financial Results
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.
By Energy Vault Holdings, Inc. · Via Business Wire · October 10, 2024
Energy Vault Continues to Execute on Growth Strategy with Ownership of Energy Storage Projects and Launches Project Financing
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.
By Energy Vault Holdings, Inc. · Via Business Wire · October 2, 2024
Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
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.
By Energy Vault Holdings, Inc. · Via Business Wire · September 27, 2024
Energy Vault Achieves Highest 2024 ESG Score Among Energy Storage Companies in its Industry to Date from S&P Global Ratings
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.
By Energy Vault Holdings, Inc. · Via Business Wire · September 25, 2024
Energy Vault Holdings, Inc. Receives Notice of Non-Compliance With Continued Listing Standard from NYSE
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.
By Energy Vault Holdings, Inc. · Via Business Wire · September 13, 2024
Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
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.
By Energy Vault Holdings, Inc. · Via Business Wire · August 8, 2024
Energy Vault Reports Second Quarter 2024 Financial Results
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.
By Energy Vault Holdings, Inc. · Via Business Wire · August 6, 2024
Energy Vault and Carbosulcis Announce 100MW Hybrid Gravity Energy Storage Project to Accelerate Carbon Free Technology Hub at Italy’s Largest Former Coal Mining Site in Sardinia
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.
By Energy Vault Holdings, Inc. · Via Business Wire · August 5, 2024
Energy Vault Announces Progress on Growth Initiatives, Diversified Storage Portfolio and Hiring of New Global Head of Sales
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.
By Energy Vault Holdings, Inc. · Via Business Wire · July 25, 2024
Energy Vault Announces Supply of B-Vault Energy Storage System and Start Commercial Operations of 100MW/200MWh Jupiter Power Battery Energy Storage System at St. Gall
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).
By Energy Vault Holdings, Inc. · Via Business Wire · July 24, 2024
Energy Vault Schedules Conference Call to Discuss Second Quarter 2024 Financial Results
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.
By Energy Vault Holdings, Inc. · Via Business Wire · July 15, 2024
Energy Vault Executes EPC and O&M Contract with ACEN Australia for 200 MW/400 MWh of Battery Energy Storage Deployments
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.
By Energy Vault Holdings, Inc. · Via Business Wire · June 3, 2024
Energy Vault and Skidmore, Owings & Merrill (SOM) Announce Exclusive Global Gravity Energy Storage Partnership to Integrate Energy Storage into Building Design
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.
By Energy Vault Holdings, Inc. · Via Business Wire · May 30, 2024
Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
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.
By Energy Vault Holdings, Inc. · Via Business Wire · May 17, 2024
Energy Vault, ACEN Australia Announce Agreement for 400 MWh of Battery Energy Storage Deployments
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 Reports First Quarter 2024 Financial Results
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 Announces Successful Testing and Commissioning of First EVx 100 MWh Gravity Energy Storage System by China Tianying, Extension of Atlas Renewable Licensing Agreement to 15 Years
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.