Energy Vault Holdings, Inc. develops and sells energy storage solutions. The company offers gravity-based storage systems, including EVx Platform, a scalable, modular product line starting from 40-megawatt hour to multi-gigawatt hours to address grid resiliency needs in shorter durations; Energy Vault Resiliency Center, a scalable, gigawatt hour scale product line designed to address grid resiliency needs to manage energy disruptive climate events; and Energy Vault solutions. Its solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and efficiently dispatch power. Energy Vault Holdings, Inc. is based in Westlake Village, California.

Energy Vault Holdings, Inc.

Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies.  Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. 

Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s EVx™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. 

Please visit www.energyvault.com for more information.

SoftBank Capital

SoftBank Investment Advisers

SailingStone Global Energy Transition

Adage Capital Management

Atlas Renewable Energy

Cemex Ventures

Korea Zinc

Novus Capital

Palantir Technologies

Pickering Energy Partners

Idealab

Neotribe Ventures

SoftBank Vision Fund

Crexa Capital Advisors

Saudi Aramco Energy Ventures

A.T. Gekko

Prime Movers Lab

Green Storage Solutions Venture I

Helena

Gordon Crawford

True Capital Management

Energy Vault

As the clock strikes midnight in China, welcoming the Year of the Dragon, we at #EnergyVault are filled with excitement and hope for what lies ahead. Though it's still February 9th here in the US, we're already embracing the spirit of renewal and prosperity that the new year brings. 

The dragon, a symbol of strength and power, reflects our commitment in transforming the world’s approach to affordable, reliable, and sustainable energy. We are proud of our continued expansion across China with the licensing of six additional EVx #gravity energy storage systems in China, just months after the commissioning of the world’s first Gravity Energy Storage System (GESS) facility near Shanghai.

We couldn't do this without our global partners including Atlas Renewable Energy and China Tianying Inc.. Their contribution is instrumental in deploying these systems across China, demonstrating the global demand for reliable, #sustainable energy solutions.

As we celebrate the Year of the Dragon, Energy Vault is not just marking a new lunar year but also embarking on a transformative journey in #EnergyStorage. Inspired by the dragon's emblematic leadership and prosperity, we continue to lead with innovation and resilience, dedicated to a sustainable and energy-efficient future.

#SustainableEnergy #YearOfTheDragon #RenewableEnergy 

#EnergyVault is proud to be a sponsor of the UK Energy Storage Summit with Solar Media Limited, February 20-21st in London. The storage industry is experiencing unprecedented global growth, and our aim is to help drive that growth at Europe’s biggest energy storage event. 

The event will bring together all the leading industry figures across Europe under one roof to discuss what needs to happen next to make sure that #EnergyStorage is able to reach its full potential.
 
Learn more about our diverse portfolio with proprietary #battery, gravity, and #greenhydrogen technologies addressing short, long, and ultra-long duration needs, as well as our technology agnostic and innovation driven approach. 

We aim to be:
- Customer-centric: orienting to your goals
- Solution based: bringing together the right products
- Duration-diversified: using our proprietary battery, #gravity, and hydrogen technologies 
- Technology agnostic: managing diverse storage and generation energy assets
- Innovation driven: consistent R&D inventing what next in storage

Interested in booking a meeting? Find us below and work with us as we accelerate the transition to renewable energy. https://hubs.la/Q02knwX30

#EnergyStorageNews #ESS2024  #RenewableEnergy  #solarsummit #EnergyStorageSummit Luca Manzella            


🧱Energy Vault is stacking the building blocks for a more sustainable future. (Pun intended.) 

❗The Swiss Based Company has found #SouthAfrica partners for their unique block based energy systems. 

🏗️Energy Vault recovers electricity through cranes and blocks to store energy. The process raises blocks to and harnesses their potential when lowered. 

👏Within the 16-state Southern African Development Community (SADC) region, they expect to deliver multiple gigawatt-hours of energy storage.

🧱Block-based systems can be built widely. The Swiss city of Ticino has built a 35MWh storage system consisting of 110m-high cranes stacking 35-ton blocks of concrete. 

🎉This is good news as South Africa continues to navigate through a fair share of grid issues. SADC says only 50 percent of residents have access to electricity. 

🔎To learn more click the link below: 


In the past year, China has achieved a monumental milestone in renewable energy, commissioning an equivalent amount of #solar capacity as the entire world did in the preceding year. This rapid expansion has placed a critical emphasis on the energy storage sector's capacity to evolve in tandem, ensuring the stability of the national grid amidst fluctuating #renewableEnergy outputs.

Energy Vault® continues to address this challenge. Our Long Duration Energy Storage (LDES) solutions, utilizing gravity #EnergyStorage technology, are tailored for applications requiring four or more hours of storage capacity. Within the Chinese market, our portfolio includes the first EVx™, a 2GWh facility in Inner Mongolia, alongside projects across Hebei, Shanxi, Gansu, Jilin, and Xinjiang, with capacities ranging from 100 MWh to 660 MWh. 

As China continues to lead by example in renewable energy advancements, we are proud to contribute to this journey, demonstrating the scalability and impact of our energy storage solutions. Together, we're not just engineering a greener future; we're building the foundation for a #sustainable world.

Stay tuned for more updates as we continue to break new ground in energy storage and renewable energy across the globe and read more from Recharge : https://hubs.la/Q02k1FC-0

#EnergyVault #RenewableEnergy #Sustainability #Innovation #EnergyStorage

As California bids farewell to its century-long reliance on fossil fuels, the state's transition to #CleanEnergy gains momentum. According to a recent Reuters's article: California and Big Oil are splitting after century-long affair. 

This pivotal move not only underscores the state's commitment to combating climate change but also showcases its role as a trailblazer in adopting sustainable energy solutions.

"This is a green transition," said Daniel Kammen, a professor of Energy at the University of California, Berkeley, who argues oil firms need to move to clean energy and away from fossil fuels. "There is a pathway for these companies. But if they chose otherwise, they are dinosaurs." 

At #EnergyVault, we understand that storing energy is as important as generating it sustainably. That's why we're committed to accelerating the transition with our portfolio of energy storage solutions. Our work in California is a testament to this commitment. 

As we continue to witness the state's shift towards a clean energy future, Energy Vault remains dedicated to supporting these efforts with technology that's not just good for the environment but also for the economy.

Join us on this journey as we redefine what's possible in #EnergyStorage and help power a cleaner, brighter future for all.

More from Reuters: https://lnkd.in/dp9e-AyB

#CleanEnergy #Sustainability #RenewableEnergy #EnergyStorage #CaliforniaEnergy #GreenTransition #EnergyVault

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	-10.14M -	-24.17M 138.34%	-31.34M 29.65%	-78.30M 149.85%	-98.44M 25.73%
depreciation and amortization	8.45K -	54.65K 546.80%	2.32M 4,145.35%	7.74M 233.75%	893K 88.47%
deferred income tax	-754.40K -	12.04M 1,695.51%	3.38M 71.91%		-39.67M -
stock based compensation	32.24K -	28.14K 12.72%	500K 1,676.58%	41.06M 8,111.60%	43.10M 4.97%
change in working capital	-5.23M -	-5.33M 1.86%	3.01M 156.43%	5.36M 78.41%	-37.16M 792.97%
accounts receivables			-3.00M -	-37.46M 1,147.83%	-46.81M 24.95%
inventory	-7.21M -	-7.55M 4.66%	-213K 97.18%	-4.38M 1,955.40%	3.96M 190.52%
accounts payables			3.00M -	67.86M 2,160.53%	25.51M 62.41%
other working capital	1.98M -	2.22M 12.04%	3.22M 44.77%	-20.66M 741.81%	-19.83M 4.02%
other non cash items	1.25M -	677.87K 45.81%	65K 90.41%	789K 1,113.85%	38.63M 4,796.70%
net cash provided by operating activities	-14.83M -	-16.70M 12.59%	-22.07M 32.13%	-23.35M 5.80%	-92.66M 296.88%
investments in property plant and equipment	-1.16M -	-1.75M 51.75%	-170K 90.31%	-2.32M 1,264.12%	-30.43M 1,212.25%
acquisitions net
purchases of investments			-1M -	-11M 1,000%	-6M 45.45%
sales maturities of investments
other investing activites					-6.11M -
net cash used for investing activites	-1.16M -	-1.75M 51.75%	-1.17M 33.31%	-13.32M 1,038.38%	-42.54M 219.41%
debt repayment	-1.26M -	-569.04K 54.97%	-818K 43.75%	-62K 92.42%	-311K 401.61%
common stock issued	25.81M -	7.61M 70.53%	116K 98.47%	171K 47.41%	224K 30.99%
common stock repurchased				-5.48M -
dividends paid				-5.48M -
other financing activites	3.50M -	8.61M 145.88%	117.08M 1,260.48%	228.63M 95.27%	-5.39M 102.36%
net cash used provided by financing activities	28.04M -	15.64M 44.22%	116.38M 644.02%	217.77M 87.12%	-5.48M 102.52%
effect of forex changes on cash	-332.43K -	-1.80M 440.14%	1.93M 207.54%	-49K 102.54%	52K 206.12%
net change in cash	11.72M -	-4.61M 139.32%	95.07M 2,162.99%	181.06M 90.44%	-140.63M 177.67%
cash at beginning of period	2.94M -	14.66M 398.66%	10.05M 31.44%	105.13M 945.92%	286.18M 172.23%
cash at end of period	14.66M -	10.05M 31.44%	105.13M 945.90%	286.18M 172.23%	145.56M 49.14%
operating cash flow	-14.83M -	-16.70M 12.59%	-22.07M 32.13%	-23.35M 5.80%	-92.66M 296.88%
capital expenditure	-1.16M -	-1.75M 51.75%	-170K 90.31%	-2.32M 1,264.12%	-30.43M 1,212.25%
free cash flow	-15.99M -	-18.45M 15.42%	-22.24M 20.49%	-25.66M 15.42%	-123.09M 379.59%

COM:ENERGYVAULT

Energy Vault

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1.54

22/11 21:00

Market Cap

154.80M

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1.10M

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