Energy Vault

New Southern California Energy Storage Project Launches, Delivering Clean Power and Improved State Grid Resiliency

Retrieved on: 
Wednesday, December 6, 2023
Environment, Technology, Climate Change, Other Energy, Utilities, Alternative Energy, Sustainability, Energy, Batteries, Carbon, Energy Vault, STEM, Multimedia, Partnership, Southern California Edison, Electricity, Education, Renewable energy, Electric power, Wellhead

State and local energy leaders joined company representatives to celebrate the launch of the 68.8 MW/275.2 MWh system, one of the largest energy storage systems in Southern California.

Key Points: 
  • State and local energy leaders joined company representatives to celebrate the launch of the 68.8 MW/275.2 MWh system, one of the largest energy storage systems in Southern California.
  • View the full release here: https://www.businesswire.com/news/home/20231206351655/en/
    The facility’s state-of-the-art battery energy storage system marks a significant step forward in providing clean power and improved grid resiliency in Orange County and the Southern California Edison Southwest LA region, while also reducing the carbon footprint of the regional grid.
  • With enough storage capacity to power 65,000 homes, SBES is capable of delivering enough clean energy to keep the lights on for many in the region.
  • “SBES is a clean energy storage solution that will deliver greater resiliency and stability during times of peak energy demand while simultaneously moving California towards a more sustainable energy future."

Energy Vault Receives Successful Technical Due Diligence Evaluation for the Bankability of B-VAULT™ Battery Energy Storage System from Global Authority DNV

Retrieved on: 
Monday, December 4, 2023
Technology, Other Energy, Utilities, Oil, Gas, Coal, Batteries, Alternative Energy, Energy, Environment, Other Technology, Sustainability, Software, Hardware, Green Technology, Energy Vault, Ventilation, Safety, NYSE, Risk management, Risk, Smoke, AC, DNV, BESS, Failure, Cell, Temperature, Architecture, Audit, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) ("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.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("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 evaluation was conducted over six months and included a visit by DNV personnel to the B-VAULT production factory.
  • The combination of liquid-cooling for battery racks and air-conditioning for general enclosure temperature control and dehumidification ensures optimal system performance.
  • Energy Vault has B-VAULT systems contracted/under construction across the United States, Europe and Australia.

Energy Vault Announces Participation at the Shareholder Equity Conference

Retrieved on: 
Thursday, November 30, 2023
Software, Utilities, Batteries, Environment, Alternative Energy, Energy, Technology, Green Technology, Energy Vault, Event, NYSE, Conference

Energy Vault Holdings, Inc. (NYSE: NRGV) ("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.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("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.
  • This event will be in a fireside chat format and directed to provide access to retail investors.
  • Investors will have the opportunity to ask management questions during the event.
  • An archived replay will be available on the Shareholder Equity Conference website for approximately one year following the event.

Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08

Retrieved on: 
Friday, November 17, 2023
Alternative Energy, Energy, Other Energy, Utilities, Energy Vault, NYSE, Employment, Compensated emancipation, New York Stock Exchange

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), 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”).

Key Points: 
  • Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), 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.
  • The Inducement Award Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Energy Vault, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Energy Vault, pursuant to New York Stock Exchange Listing Rule 303A.08.
  • The restricted stock units are subject to the terms and conditions of the Inducement Award Plan and the terms of the restricted stock unit award agreement covering the grant.

Energy Vault Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Alternative Energy, Energy, Other Energy, Utilities, Adjustment, Wellhead, Q&A, Sustainability, NYSE, Kilowatt-hour, EBITDA, GAAP, Wind, Energy management system, Southern California Edison, William W. Powers State Recreation Area, Growth, S&P, Energy Vault, Gravity-based structure, KV, Renewable energy, Electric battery

Energy Vault Holdings, Inc. (NYSE: NRGV) (“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.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“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.
  • “The Energy Vault team executed well in delivering record revenue this past quarter across multiple customer sets in the US market while supporting strong regional demand for our gravity energy storage systems in China, India, South Africa and the US market,” said Robert Piconi, Chairman and CEO of Energy Vault.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Energy Vault will host a conference call today, November 7, 2023 at 4:30 PM ET to discuss the results, followed by a Q&A session.

Energy Vault, Wellhead and W Power Begin Commercial Operations of Stanton Battery Energy Storage System

Retrieved on: 
Tuesday, November 7, 2023
Utilities, Other Natural Resources, Sustainability, Alternative Energy, Consumer, Energy, Natural Resources, Environment, Green Technology, Engineering, Women, Manufacturing, NYSE, Carbon, Multimedia, William W. Powers State Recreation Area, Partnership, Energy Vault, EPC, BESS, Renewable energy, Construction, Wellhead

Energy Vault Holdings Inc. (NYSE: NRGV) ("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.

Key Points: 
  • Energy Vault Holdings Inc. (NYSE: NRGV) ("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.
  • View the full release here: https://www.businesswire.com/news/home/20231107122301/en/
    The 68.8 MW/275.2 MWh battery energy storage system (BESS) in Stanton, California, one of the largest energy storage systems in Southern California, has commenced full-scale operations.
  • The Stanton system is providing clean power and improved grid resiliency in Southern California Edison Southwest LA region by directly supporting and providing power for a high-demand load center.
  • “The Energy Vault team designed and deployed the optimal energy storage solution for our Stanton site,” said Hal Dittmer, Chief Executive Officer, Wellhead.

Energy Vault Announces Five Additional EVx™ Gravity Energy Storage System Deployments in China

Retrieved on: 
Monday, November 6, 2023
Environment, Commercial Building & Real Estate, Construction & Property, Other Energy, Utilities, Sustainability, Building Systems, Green Technology, Energy, Other Construction & Property, Vehicle registration plates of Nepal, Mining, NYSE, Government, Coal, Kilowatt-hour, Courage, Carbon, Wind, GESS, Multimedia, Software, Growth, COVID, Partnership, Energy Vault, Cost, Renewable energy, Electric battery, Property management, Rudong County

View the full release here: https://www.businesswire.com/news/home/20231106358821/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231106358821/en/
    The Rudong EVx system (25 MW, 100 MWh, +35 years technical life) will be the world’s first commercial, grid-scale gravity energy storage system that offers an alternative to long technical life energy storage assets like pumped hydro plants, currently representing ~90% of global energy storage capacity.
  • (Photo: Business Wire)
    Chairman of China Tianying, Mr. Yan Shengjun, stated, “Energy Vault’s innovative gravity energy storage technology is seeing strong demand in China because of the long life of these assets and the significant local economic content that helps meeting the state-mandated energy storage requirements accompanying the rapid growth of China’s renewable energy deployments.
  • Most recently, this has been satisfied with lithium-ion battery technology to complement the significant installed base of pumped hydroelectric storage in China.
  • Pending the final state grid interconnection and homologation formal processes, Energy Vault’s EVx will be the world’s first commercial, utility scale non-pumped hydro gravity energy storage system.

Energy Vault Appoints Bernie Colson, CFA as Vice President of Investor Relations

Retrieved on: 
Wednesday, October 25, 2023
Software, Utilities, Sustainability, Environment, Hardware, Alternative Energy, Energy, Technology, Ross School of Business, NYSE, Waddell & Reed, Analyst, Human, Waddell, MBA, Research, BA, Senior, Yale University, Paratriathlon, Energy Vault, University, CFA, Oppenheimer, Corporate development, University of Michigan School for Environment and Sustainability, Communication, CCVI, Institute of Chartered Financial Analysts of India, Public utility, Management, Investment, Kate Richard, Sociology

Energy Vault Holdings, Inc. (NYSE: NRGV) (“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.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“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.
  • Prior to joining Energy Vault, Mr. Colson held various key positions in the energy sector.
  • Most recently, he served as Senior Vice President for Corporate Development, Sustainability, and Investor Relations at Flotek Industries in Houston, TX.
  • “I'm thrilled to join Energy Vault, where I can apply my extensive experience in energy capital markets to contribute to our journey as a leading energy storage company," added Bernie Colson.

Energy Vault Schedules Conference Call to Discuss Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, October 17, 2023
Other Energy, Environment, Utilities, Sustainability, Alternative Energy, Energy, Energy Vault, NYSE

Energy Vault Holdings, Inc. (NYSE: NRGV) (“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.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“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.
  • Participants may access the call at 1-844-826-3033, international callers may use 1-412-317-5185, and request to join the Energy Vault Holdings earnings call.
  • A telephonic replay of the call will be available shortly after the conclusion of the call and until November 21, 2023.
  • An archived replay of the call will also be available on the investors portion of the Energy Vault website at https://investors.energyvault.com/ .

United Announces New Leadership Promotions

Retrieved on: 
Tuesday, September 19, 2023
White House, Advertising, Legislation, ExxonMobil, Way, CARES Act, Rice University, SAF, Politics, Meridian International Center, Communication, NBC News, Policy, Aviation, New Zealand Listener Power List, Ford, State government, Trustee, Energy Vault, Carbon, Museum of Science and Industry (Chicago), Government, Economic Club of New York, National Institute on Retirement Security, PRWeek, Organization, Senior, National Archives Foundation, Ethics, Museum, Forbes list of The World's 100 Most Powerful Women, Woman, News, Social media, Management, Airline, Science, United Airlines, Washingtonian, United

CHICAGO, Sept. 19, 2023 /PRNewswire/ -- United Airlines today announced two leadership promotions within its Executive team. Josh Earnest is promoted to Executive Vice President of Communications and Advertising and Terri Fariello is promoted to Executive Vice President of Government Affairs and Global Public Policy. Both will remain on United's Executive Team.

Key Points: 
  • CHICAGO, Sept. 19, 2023 /PRNewswire/ -- United Airlines today announced two leadership promotions within its Executive team.
  • Their counsel and strategic insight will continue to be essential as we implement our ambitious United Next plans."
  • Josh joined United in 2018 as senior vice president and chief communications officer.
  • Throughout his career, Josh has received recognition for leadership in communications, including regularly appearing on PRWeek's annual 'Power List.'