Energy Vault Holdings Inc
NYSE:NRGV
Energy Vault Holdings Inc
Energy Vault Holdings, Inc. develops sustainable energy storage solutions that are transforming the world's approach to utility-scale energy storage for grid resiliency. The company is headquartered in Westlake Village, California. The company went IPO on 2021-03-29. The firm is engaged in developing gravity-based energy storage technology. The company also designs energy management software based on artificial intelligence (AI), advanced optimization algorithms designed to control and optimize entire energy systems and provide an energy storage integration platform suitable for storage technologies of various durations. Its gravity-based systems are designed using crane/elevators and motor/generator infrastructure to orchestrate autonomously balanced net energy storage and energy distribution by using motor/generators to lift and lower mobile masses. Its storage solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and dispatch power. Energy Vault solutions act as a stand-alone energy storage solution to achieve power reserves for any energy generation source.
Energy Vault Holdings, Inc. develops sustainable energy storage solutions that are transforming the world's approach to utility-scale energy storage for grid resiliency. The company is headquartered in Westlake Village, California. The company went IPO on 2021-03-29. The firm is engaged in developing gravity-based energy storage technology. The company also designs energy management software based on artificial intelligence (AI), advanced optimization algorithms designed to control and optimize entire energy systems and provide an energy storage integration platform suitable for storage technologies of various durations. Its gravity-based systems are designed using crane/elevators and motor/generator infrastructure to orchestrate autonomously balanced net energy storage and energy distribution by using motor/generators to lift and lower mobile masses. Its storage solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and dispatch power. Energy Vault solutions act as a stand-alone energy storage solution to achieve power reserves for any energy generation source.
Revenue Surge: Q3 revenue reached $33.3 million, a 27x increase year-over-year, driven by strong execution in Australia and initial Asset Vault contributions.
Profitability Progress: EBITDA loss narrowed to $6 million, down from a $14.7 million loss a year ago, reflecting gross margin improvement and cost controls.
Asset Vault Launch: Formally launched the Asset Vault platform with a $300 million preferred equity investment; already contributing recurring EBITDA and project pipeline growth.
Backlog Growth: Contracted revenue backlog stands at $920 million, more than doubling year-to-date and quadrupling from the prior year.
Cash Balance Up: Ended Q3 with $61.9 million in cash, up 7% sequentially, and expects $75–100 million by year-end with incoming investment tax credits.
Guidance Affirmed: Full-year 2025 revenue guidance of $200–250 million and gross margin of 14–16% maintained despite industry volatility.
Sustainability Recognition: Ranked in the 98th percentile by S&P Global for ESG, and maintained #1 position in the energy storage segment.
