NYSE:NRGV

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Energy Vault Holdings, Inc. and Encourages NXU / NRGV Investors with Losses to Contact the Firm

Retrieved on: 
Monday, February 6, 2023
NYSE, Acquisition, SPAC, Energy, Energy Vault

PHILADELPHIA, Feb. 06, 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, Feb. 06, 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 Appoints Energy and Transportation Industry Executive Theresa Fariello to Its Board of Directors

Retrieved on: 
Thursday, January 19, 2023
Technology, Construction & Property, Building Systems, Utilities, Other Technology, Green Technology, Software, Alternative Energy, Environment, Energy, Hardware, United Airlines, U.S. Department of Defense Strategy for Operating in Cyberspace, Comparative law, Government, ExxonMobil, Forbes list of The World's 100 Most Powerful Women, Antonin Scalia Law School, International, NYSE, Georgetown University Law Center, UAL, U.S. Department of Energy, Office of Inspector General, Policy, Growth, Woman, Occidental Petroleum, George Washington University, XOM, Public policy, IRA, Human, Management, Energy Vault

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 Theresa Fariello to the Company’s Board of Directors effective February 1, 2023.

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 Theresa Fariello to the Company’s Board of Directors effective February 1, 2023.
  • She replaces Henry Elkus, Founder and CEO of Helena, a strategic partner and Series B-1 investor in Energy Vault, upon his concurrent departure from the Board.
  • “We are honored to welcome Theresa, who brings extensive and valuable experience in government affairs and public policy at leading public companies to Energy Vault’s Board of Directors,” said Robert Piconi, Chairman and Chief Executive Officer, Energy Vault.
  • I look forward to working with her as we execute our global growth plans.”
    “It is a distinct privilege to join Energy Vault’s Board of Directors,” said Theresa Fariello.

Energy Vault Updates Fourth Quarter and Full Year 2022 Expected Revenue Results

Retrieved on: 
Wednesday, January 18, 2023
Environment, Technology, Other Energy, Other Technology, Software, Alternative Energy, Green Technology, Energy, Batteries, Hardware, Growth, NYSE, Energy Vault, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced updated fourth quarter and full year 2022 expected revenue results for its fiscal year ended December 31, 2022.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced updated fourth quarter and full year 2022 expected revenue results for its fiscal year ended December 31, 2022.
  • For the full year 2022, Energy Vault expects total revenue of $142 to $152 million, ahead of the Company’s previously communicated full year 2022 guidance of $75 to $100 million.
  • The revised guidance implies expected fourth quarter 2022 revenue of between $96 and $106 million, compared to $29 to $54 million previously required to meet its full year 2022 forecast following the reporting of third quarter 2022 results.
  • Robert Piconi, Energy Vault’s Chairman and CEO commented, “The Energy Vault team closed the quarter well, demonstrating our collective enterprise focus on delivering for customers while capping off a successful first deployment year of growth and expansion.

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

Retrieved on: 
Friday, January 13, 2023
Other Energy, Software, Environment, Hardware, Alternative Energy, Energy, Technology, Green Technology, Financial compensation, New York Stock Exchange, Employment, Energy Vault, NYSE, Tobacco

Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on January 9, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 614,600 shares of its common stock to 29 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 January 9, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 614,600 shares of its common stock to 29 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.
  • These awards were each negotiated in connection with the commencement of Mr. Van Gaalen and Mr. Jensen’s employment with Energy Vault.

PG&E Teams With Energy Vault to Build and Operate the Largest Green Hydrogen Long-Duration Energy Storage System in the U.S.

Retrieved on: 
Thursday, January 5, 2023
Environment, Technology, Other Energy, Utilities, Software, Sustainability, Alternative Energy, Green Technology, Energy, Hardware, Region, CPUC, PG, Public utilities commission, PCG, City, Multimedia, Energy Vault, Kilowatt-hour, NYSE, The Electric Company, Safety, PSPS, PG&E, Pacific Gas and Electric Company, California Public Utilities Commission, Renewable energy

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.

Key Points: 
  • 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.
  • 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.
  • “We are setting a new benchmark for what can be achieved with an innovative design that integrates the most advanced energy storage mediums in order to deliver a fully renewable green hydrogen battery energy storage system.
  • Our engineers designed this innovative hybrid energy storage system leveraging Energy Vault’s technology-neutral integration platform and energy management software.

NV Energy Selects Energy Vault for 440 MWh Energy Storage System in Nevada

Retrieved on: 
Monday, December 12, 2022
Other Energy, Technology, Utilities, Alternative Energy, Energy, Hardware, Battery Energy Drink, NV Energy, IRP, Offshore Energy and Jobs Act, BESS, Wind, Jumpstart Our Business Startups Act, NYSE, Kilowatt-hour, Energy Vault, COVID-19, Growth, Rabigh 2 IPP, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) (Energy Vault or the Company), a leader in sustainable grid-scale energy storage solutions, announced today that NV Energy, Nevadas largest public utility, has awarded the Company with a project for the deployment of a short duration energy storage solution.

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 NV Energy, Nevadas largest public utility, has awarded the Company with a project for the deployment of a short duration energy storage solution.
  • The 2-hour energy storage system is designed to store and dispatch excess renewable energy, including wind and solar power.
  • This is Energy Vaults first public utility customer for our short duration energy storage solutions, which furthers our strategy to be the energy storage company of choice for utilities, IPPs and large energy users.
  • Energy Vault develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage.

Energy Vault Responds to Inaccurate and Misleading Short Seller Report

Retrieved on: 
Thursday, December 8, 2022
Alternative Energy, Energy, Other Energy, Utilities, Confusion, DG, Integrable system, Delta Air Lines, GESS, Offshore Energy and Jobs Act, Motor vehicle, Australian Energy Market Operator, BESS, Kilowatt-hour, Primary energy, Research, Jumpstart Our Business Startups Act, NYSE, Air France–KLM, Energy Vault, COVID-19, SAF, Growth, Database, Renewable energy, Risk management, Energy

Confusing MW with MWh has led the short seller to make incorrect assumptions regarding Energy Vaults awarded projects conflating projects announced by third parties that reflect capacity (MW), including the project identified in the short report, with Energy Vaults announcements of awarded projects for energy storage (MWh).

Key Points: 
  • Confusing MW with MWh has led the short seller to make incorrect assumptions regarding Energy Vaults awarded projects conflating projects announced by third parties that reflect capacity (MW), including the project identified in the short report, with Energy Vaults announcements of awarded projects for energy storage (MWh).
  • The project in Poland identified by the short seller is not the project previously disclosed by Energy Vault.
  • The short seller once again evidences their misunderstanding of the energy storage market by confusing MW with MWh.
  • Energy Vault develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage.

Energy Vault Appoints Jan Kees van Gaalen as Chief Financial Officer

Retrieved on: 
Tuesday, November 8, 2022
Technology, Environmental Policy, Other Energy, Utilities, Other Science, Other Technology, Alternative Energy, Environment, Energy, Science, Sustainability, MBA, Result, M&A, Kennametal, Risk, Industry, Erasmus University Rotterdam, Growth, Engineering, SEC, Conversation, Company, Energy, NYSE, Compte rendu, Financial condition report, CEO, CFO, Entrepreneurship, COVID-19, Treasury, Solution, Analysis, Energy Vault, C&J, OneSpan, Financial management, Time, Renewable energy, Management, Economics

Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (Energy Vault) (the Company), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Jan Kees van Gaalen as Chief Financial Officer.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (Energy Vault) (the Company), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Jan Kees van Gaalen as Chief Financial Officer.
  • Mr. van Gaalen will replace David Hitchcock, who has served as interim-Chief Financial Officer since April 2022.
  • I am thrilled to join Energy Vault during this pivotal time as the Company begins multi-GW hour deployments of their leading energy storage solutions across three continents, said Jan Kees van Gaalen, Chief Financial Officer, Energy Vault.
  • Energy Vault develops and deploys sustainable energy storage solutions designed to transform the world's approach to utility-scale energy storage in realizing decarbonization while maintaining grid resiliency.

Energy Vault Appoints E.B. Jensen as Senior Vice President, Project Execution and Delivery

Retrieved on: 
Tuesday, November 1, 2022
Alternative Energy, Manufacturing, Energy, Engineering, Utilities, Mechanical engineering, California State Polytechnic University, Pomona, Growth, Risk, Mechanical, Engineering, procurement, and construction, Energy Vault, EPC, Regulation and licensure in engineering, General manager, SEC, Time, NYSE, Industry, Result, COVID-19, Financial condition report, Conversation, China Power Clean Energy Development, Company, North American Board of Certified Energy Practitioners, Worley, Compte rendu, Engineering, Jacobs, Senior, Mott, Solution, Analysis, Management, Renewable energy, Energy

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 E.B.

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 E.B.
  • Jensen as Senior Vice President of Project Execution and Delivery.
  • In this new role, Jensen will be responsible for the project execution and delivery of gravity and battery energy storage projects.
  • Prior to joining Energy Vault, Jensen served as Senior Vice President at Mott MacDonald, where he led a multi-discipline national engineering design and construction group.