NYSE:NRGV

Energy Vault Issues 2023 Sustainability Report

Retrieved on: 
Monday, April 8, 2024
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Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the publication of its 2023 Sustainability Report .

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the publication of its 2023 Sustainability Report .
  • View the full release here: https://www.businesswire.com/news/home/20240408193128/en/
    Energy Vault Issues 2023 Sustainability Report (Photo: Business Wire)
    The report demonstrates Energy Vault’s commitment to providing transparency and progress on material non-financial sustainability & Environmental, Social, and Governance metrics.
  • In its second annual Corporate Sustainability Report, Energy Vault shares early-stage data and 2023 activations of newly established sustainability infrastructure, systems, protocols, standards, and metrics from which the organization measures current and future success.
  • “As the business continues to grow and evolve to meet the growing demand for tailored energy storage solutions around the globe, I’m confident in our ability to continue to progress toward and ultimately achieve our sustainability goals moving forward.”
    Energy Vault invites all of its stakeholders across the world to read its 2023 Sustainability Report at the following link: Sustainability Report 2023

Energy Vault Appoints Michael Beer as Chief Financial Officer

Retrieved on: 
Thursday, April 4, 2024
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Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Michael Beer as Chief Financial Officer.

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 appointment of Michael Beer as Chief Financial Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240404851008/en/
    Energy Vault Appoints Michael Beer as Chief Financial Officer (Photo: Business Wire)
    Prior to Energy Vault, Beer served as Chief Financial Officer for FreeWire Technologies, Inc. (FreeWire), an industry leader in ultra-fast EV charging, battery storage and energy management solutions, since 2021.
  • “We’re very pleased to welcome Michael, whose depth of experience overseeing capital markets, financial operations and investor relations for high growth technology and sustainability companies will be critical to Energy Vault moving forward,” said Robert Piconi, Chairman and Chief Executive Officer, Energy Vault.
  • Energy Vault has a comprehensive and highly differentiated approach, offering a variety of energy storage solutions.

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

Retrieved on: 
Friday, March 29, 2024
Utilities, Environment, Technology, Batteries, Sustainability, Alternative Energy, Energy, Employment, New York Stock Exchange, Compensated emancipation, Energy Vault

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on March 27, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 162,500 shares of its common stock to 10 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 March 27, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 162,500 shares of its common stock to 10 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 Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
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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 fourth quarter and full-year ended December 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 fourth quarter and full-year ended December 31, 2023.
  • Battery energy storage execution and outlook are strong:
    Began Commercial Operations of the Stanton Battery Energy Storage System with Wellhead and W Power.
  • 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.
  • Reached substantial completion on our 440 MWh battery energy storage system with NV Energy as of December 2023 and expect to achieve final completion in the first quarter 2024.

Energy Vault Announces China State Grid Interconnection of First EVx 100 MWh Gravity Energy Storage System, Groundbreaking of Three Additional EVx Gravity Storage Systems and Other China Market Expansion Milestones

Retrieved on: 
Thursday, February 29, 2024
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The latter two projects were previously announced alongside four other deployments in China, and are being built adjacent to renewable energy generation and national grid interconnection sites.

Key Points: 
  • The latter two projects were previously announced alongside four other deployments in China, and are being built adjacent to renewable energy generation and national grid interconnection sites.
  • Upon completion, the systems will augment and support ongoing balancing of China’s national energy grid through the storage and delivery of renewable energy.
  • These energy storage durations are expected to increase over time as more renewable energy generation becomes a larger percentage of grid power.
  • “I am pleased to see the increased market adoption of Energy Vault’s gravity energy storage technology in China, the world’s largest energy storage market supported by the new project groundbreaking announcements and other milestones within China’s national energy policy framework for energy storage,” said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault.

Energy Vault Begins Construction of the Largest Green Hydrogen Long Duration Energy Storage System in the U.S.

Retrieved on: 
Thursday, February 22, 2024
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Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, today announced construction start of its previously announced deployment of a utility-scale green hydrogen plus battery ultra-long duration energy storage system (BH-ESS) with 293 megawatt-hours (MWh) of dispatchable carbon-free energy.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, today announced construction start of its previously announced deployment of a utility-scale green hydrogen plus battery ultra-long duration energy storage system (BH-ESS) with 293 megawatt-hours (MWh) of dispatchable carbon-free energy.
  • View the full release here: https://www.businesswire.com/news/home/20240222172473/en/
    Rendering of the Calistoga Resiliency Center, a first-of-a-kind hybrid energy storage system coupling lithium-ion batteries with hydrogen fuel cells.
  • Upon completion, the BH-ESS, dubbed the Calistoga Resiliency Center, will be the first-of-its-kind and the largest utility-scale green hydrogen energy storage project in the United States.
  • The system has been developed under the umbrella of Energy Vault’s H-VAULT™ suite of hybrid configurations leveraging green hydrogen and batteries, to ensure continuity and resilience during PSPS events.

Energy Vault Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, February 5, 2024
Software, Utilities, Sustainability, Environment, Hardware, Alternative Energy, Energy, Technology, Energy Vault

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 fourth quarter and full year ended December 31, 2023 on Tuesday, March 12, 2024 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 fourth quarter and full year ended December 31, 2023 on Tuesday, March 12, 2024 followed by a conference call at 4:30 PM ET.
  • Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, 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 Tuesday, March 26, 2024.
  • An archived replay of the call will also be available on the investors portion of the Energy Vault website at https://investors.energyvault.com/ .

Energy Vault Expands Global Footprint for Gravity Energy Storage with 10 Year License and Royalty Agreement Covering Southern Africa

Retrieved on: 
Thursday, January 25, 2024
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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 signed a new licensing and royalty agreement in the Southern African Development Community (SADC) region.

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 signed a new licensing and royalty agreement in the Southern African Development Community (SADC) region.
  • In addition to the technology licensing revenue, Energy Vault will receive a project revenue royalty over the complete operating life of each project, including software and maintenance revenues.
  • “Southern Africa is a rapidly developing region with increasing energy demand, which historically has been met with coal-fired plants.
  • Energy Vault’s expansion into Southern Africa represents the company’s strong global momentum with its gravity energy storage portfolio into another large and growing energy storage market.

Energy Vault Appoints Australian Energy Sector Leader Stephanie Unwin to Its Board Of Directors

Retrieved on: 
Thursday, December 14, 2023
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Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Stephanie Unwin to the Company’s Board of Directors effective with Energy Vault’s next quarterly Board meeting in March 2024.

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 appointment of Stephanie Unwin to the Company’s Board of Directors effective with Energy Vault’s next quarterly Board meeting in March 2024.
  • View the full release here: https://www.businesswire.com/news/home/20231214482847/en/
    Energy Vault Appoints Australian Energy Sector Leader Stephanie Unwin to Its Board Of Directors (Photo: Business Wire)
    Ms. Unwin is the Chief Executive Officer of Horizon Power, a fully integrated Australian power utility.
  • Ms. Unwin also brings to Energy Vault’s Board of Directors significant experience serving other boards of publicly-listed companies, including Alacer Gold Corp, Zenith Energy, Integra Mining Limited and several non-listed joint ventures.
  • On behalf of the Board of Directors of Energy Vault, we look forward to partnering with Stephanie and her future contributions to our Board as we continue to execute our global growth plans.”
    “I am honored to have the opportunity to join Energy Vault’s Board of Directors,” said Stephanie Unwin.

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
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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.