Energy Vault

STOCKHOLDER ALERT: Kaskela Law LLC Announces Investigation of Energy Vault Holdings, Inc. and Encourages Long-Term NXU / NRGV Investors to Contact the Firm

Retrieved on: 
Monday, July 10, 2023
SPAC, NYSE, Acquisition, Energy, Energy Vault, Cryptocurrency, Financial adviser

PHILADELPHIA, July 10, 2023 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”) on behalf of the company’s long-term investors.

Key Points: 
  • PHILADELPHIA, July 10, 2023 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”) on behalf of the company’s long-term investors.
  • The current company was formed in February 2022 via a business combination with SPAC entity Novus Capital Corporation II (NYSE: NXU), with Energy Vault as the surviving, publicly traded entity.
  • Energy Vault investors who purchased or acquired shares of NXU / NRGV stock prior to January 4, 2022 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation.

Energy Vault Selects Chart Industries Hydrogen Fueling Solution for Largest Green Hydrogen Long-Duration Energy Storage System in the U.S.

Retrieved on: 
Monday, June 26, 2023
Hydrogen, PSPS, Pacific Gas and Electric Company, Electricity, Record, Chart, Public utility, PG, Energy Vault, Nitrogen, The Electric Company, LH2, Engineering, Particulates, PG&E, NYSE, Renewable energy, Natural gas

Chart’s integrated fuel system includes liquid hydrogen (LH2) bulk storage tanks and vaporization equipment used to store the liquid hydrogen on-site and feed to the fuel cells in Energy Vault’s system to power the city of Calistoga.

Key Points: 
  • Chart’s integrated fuel system includes liquid hydrogen (LH2) bulk storage tanks and vaporization equipment used to store the liquid hydrogen on-site and feed to the fuel cells in Energy Vault’s system to power the city of Calistoga.
  • The 80,000-gallon LH2 storage tanks allow for at least 48 hours of site autonomy without refueling.
  • “Chart has deep expertise in advanced solutions to store liquid hydrogen and their technology is an ideal fit for the hybrid green hydrogen energy storage system we are building for PG&E in Calistoga,” said Marco Terruzzin, Chief Commercial and Product Officer, Energy Vault.
  • Upon completion, this project is expected to be the first-of-its-kind and the largest utility-scale green hydrogen project in the United States.

Energy Vault selects Plug Power to Supply 8 MW of Hydrogen Fuel Cells as part of hybrid microgrid back-up system for PG&E and the city of Calistoga

Retrieved on: 
Friday, June 9, 2023
Partnership, Emergency, California Public Utilities Commission, Hydrogen, ISO, Wildfire, PSPS, CPUC, Plug Power, PG, Energy Vault, Carbon, IRA, Vault, Kilowatt-hour, The Electric Company, Weather, ITC, Pacific Gas and Electric Company, PG&E, Economics, Electric battery, Plug

LATHAM, N.Y., June 09, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, announced it will discuss the new partnership and including software collaboration with Energy Vault Holdings, Inc. at its analyst day in Rochester on June 14th.

Key Points: 
  • The power from the new microgrid will be dispatched and optimized by Vault-OS, the technology neutral energy management digital platform developed by Energy Vault.
  • “Our agreement with Energy Vault marks a huge step forward for hydrogen fuel cells in the microgrid market and represents the future of utility power back-up,” said Andy Marsh, CEO of Plug.
  • The microgrid will integrate a short duration battery system with a long duration storage system of fuel cells and green liquid hydrogen.
  • The energy storage system will be owned, operated, and maintained by Energy Vault while providing dispatchable power under a long-term tolling agreement with PG&E.

Plug Supplies 8 MW of Hydrogen Fuel Cells to Energy Vault to Displace Diesel Generators in California Wine Country

Retrieved on: 
Wednesday, June 7, 2023
Emergency, California Public Utilities Commission, Hydrogen, ISO, Wildfire, PSPS, CPUC, PG, Energy Vault, IRA, Kilowatt-hour, PEM, The Electric Company, Wine Country, Weather, ITC, Pacific Gas and Electric Company, PG&E, Electric battery, Plug

The California Public Utility Commission (CPUC) requires that state utility grid operators shut off power during severe weather to help prevent wildfires.

Key Points: 
  • The California Public Utility Commission (CPUC) requires that state utility grid operators shut off power during severe weather to help prevent wildfires.
  • Energy Vault has typically rented mobile diesel generators to provide backup power in Calistoga during these Public Safety Power Shutoff (PSPS) events.
  • Now, Plug’s PEM (proton exchange membrane) fuel cells will offer cleaner, more operationally flexible, and more cost-effective power to the microgrid.
  • “Our agreement with Energy Vault marks a huge step forward for hydrogen fuel cells in the microgrid market and represents the future of utility power back-up,” said Andy Marsh, CEO of Plug.

REPT BATTERO Inks Supply Agreement with Energy Vault to Deliver 10 GWh of Batteries Enabling Global BESS deployments

Retrieved on: 
Monday, May 22, 2023
Partnership, BESS, Tsingshan Holding Group, AC, Certification, NYSE, Safety, Lithium, Electric battery, Renewable energy, Energy Vault

The supply agreement for 10GWh is one of the most substantial to date, with initial deliveries expected to start in Q3 2023.

Key Points: 
  • The supply agreement for 10GWh is one of the most substantial to date, with initial deliveries expected to start in Q3 2023.
  • The deal will see REPT BATTERO initially deliver 280Ah batteries, followed by the company's next-gen Wending Battery designed for larger capacity and greater life cycle to gain a stronger competitive advantage in global BESS business.
  • The main highlights of the lithium battery products under the agreement are the uniformity of thermal management and excellent thermal safety.
  • "The Energy Vault team has proven to be the most customer-centric and rapidly growing energy storage company in the industry.

REPT BATTERO Inks Supply Agreement with Energy Vault to Deliver 10 GWh of Batteries Enabling Global BESS deployments

Retrieved on: 
Monday, May 22, 2023
Partnership, BESS, Tsingshan Holding Group, AC, Certification, NYSE, Safety, Lithium, Electric battery, Renewable energy, Energy Vault

The supply agreement for 10GWh is one of the most substantial to date, with initial deliveries expected to start in Q3 2023.

Key Points: 
  • The supply agreement for 10GWh is one of the most substantial to date, with initial deliveries expected to start in Q3 2023.
  • The deal will see REPT BATTERO initially deliver 280Ah batteries, followed by the company's next-gen Wending Battery designed for larger capacity and greater life cycle to gain a stronger competitive advantage in global BESS business.
  • The main highlights of the lithium battery products under the agreement are the uniformity of thermal management and excellent thermal safety.
  • "The Energy Vault team has proven to be the most customer-centric and rapidly growing energy storage company in the industry.

Energy Vault Announces That Short Seller Bleecker Street Has Issued Retractions to Inaccurate and Misleading Report

Retrieved on: 
Monday, May 15, 2023
Other Energy, Utilities, Environment, Oil, Gas, Sustainability, Alternative Energy, Energy, Ministry of Energy, NV Energy, Energy Vault, Primary energy, BSR, NYSE, Cryptocurrency, 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 Bleecker Street Research has issued retractions and corrections to its December 2, 2022 short seller report about Energy Vault.

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 Bleecker Street Research has issued retractions and corrections to its December 2, 2022 short seller report about Energy Vault.
  • On December 8, 2022, Energy Vault issued a public response to the report , detailing the multiple factual inaccuracies, mischaracterizations and misinformation contained in the report.
  • Josh McMorrow, Chief Legal Officer of Energy Vault, stated, “The retractions issued by the short seller validate Energy Vault’s unwavering commitment to transparency, integrity, and the strength of our business.
  • Energy Vault is not the project owner or operator and, as a third party contractor, would not be listed on the Department of Energy website.

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

Retrieved on: 
Friday, May 12, 2023
Software, Other Energy, Hardware, Utilities, Oil, Gas, Sustainability, Coal, Batteries, Alternative Energy, Energy, Technology, Environment, Employment, New York Stock Exchange, NYSE, Energy Vault, Compensated emancipation

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

Key Points: 
  • Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), 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.
  • 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 First Quarter 2023 Earnings Results

Retrieved on: 
Tuesday, May 9, 2023
Other Energy, Environment, Utilities, Sustainability, Alternative Energy, Energy, Kore, Quanta, Partnership, Siemens Financial Services, Quanta Services, Q&A, Energy management software, Pacific Gas and Electric Company, CPUC, NV Energy, PG, Energy Vault, IRA, GESS, PCG, EMS, Inflation, Honeywell, The Electric Company, EBITDA, California Public Utilities Commission, COD, Kilowatt-hour, Growth, Inflation Reduction Act of 2022, PG&E, Public utilities commission, NYSE, Safety, BESS, Legislation, 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 first quarter ended March 31, 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 first quarter ended March 31, 2023.
  • Energy Vault will host a conference call today, May 9, 2023 at 4:30 PM ET to discuss the results, followed by a Q&A session.
  • To access the call, participants may dial 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault earnings call.
  • The call will also be available for replay via webcast link on the Investors portion of the Energy Vault website at https://www.energyvault.com/ .

Energy Vault Launches Inaugural Sustainability Report

Retrieved on: 
Monday, May 8, 2023
Software, Other Energy, Hardware, Utilities, Oil, Gas, Sustainability, Coal, Batteries, Alternative Energy, Energy, Technology, Environment, United Nations Sustainable Development Group, Science, Science Based Targets initiative, Sustainable Development Goals, Sustainability reporting, Global Reporting Initiative, Energy Vault, TCFD, Targets, International Organization for Standardization, Task force, Task Force on Climate Related Financial Disclosures, ESG, Cornerstone, International Organization (journal), NYSE, Renewable energy, Audit, Social

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

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the publication of its inaugural Sustainability Report .
  • The report details Energy Vault’s comprehensive portfolio of sustainable energy storage technologies and solutions for short, long and ultra-long duration, the Company’s corporate sustainability strategy, and its approach to Environmental, Social, and Governance (ESG) oversight, accountability, implementation and reporting.
  • “We are proud to issue our inaugural Sustainability Report as we closed our first year as a public company, which builds upon a successful year highlighted by multiple cornerstone customer wins and our first deployment starts across all of our gravity, battery and green hydrogen energy storage solutions,” said Robert Piconi, Chairman and Chief Executive Officer, Energy Vault.
  • Energy Vault invites all of its stakeholders across the world to read its inaugural Sustainability Report at the following link: Sustainability Report 2022
    Please view a video about Energy Vault’s commitment to sustainability at the following link: https://vimeo.com/824413511