US Market News
2月前
Energy Vault und Eskom geben strategische Entwicklungsvereinbarung zum Einsatz von netzgroßen Schwerkraftspeichersystemen in Südafrika bekanntMay 13, 2026 4:06 PM
Business Wire Eskom und Energy Vault geben eine Vereinbarung zum Einsatz eines Schwerkraftspeichersystems im Kraftwerk Hendrina in der Provinz Mpumalanga, Südafrika, bekannt, mit dem Ziel, Lizenzen zu vergeben, gemeinsam zu entwickeln und als Partner bis zu 4 GWh Langzeit-Energiespeicherkapazität in 16 SADC-Mitgliedstaaten bereitzustellen Die Partnerschaft wird die regionalen Bemühungen um den Ausstieg aus der Kohle erheblich vorantreiben, gemeinsame materialwissenschaftliche Technologien für die wirtschaftliche Wiederverwendung von Kohleasche im Energiespeichermedium nutzen und gleichzeitig die Netzzuverlässigkeit, die Schaffung von Arbeitsplätzen und die lokale wirtschaftliche Entwicklung fördern Energy Vault Holdings, Inc. (NYSE: NRGV) („Energy Vault“ oder „das Unternehmen“), ein weltweit führender Anbieter von nachhaltigen Energiespeicherlösungen im Netzmaßstab und von KI-Recheninfrastrukturlösungen, gab heute eine strategische Entwicklungsvereinbarung mit Eskom Holdings SOC Limited („Eskom“), dem staatlichen südafrikanischen Stromversorger, über den Einsatz eines Langzeit-Schwerkraftspeichersystems (GESS) bekannt. Diese Pressemitteilung enthält multimediale Inhalte. Die vollständige Mitteilung hier ansehen: https://www.businesswire.com/news/home/20260512173105/de/ Die erste GESS-Anlage wird im Kraftwerk Hendrina von Eskom in Mpumalanga, Südafrika, errichtet, einem der ältesten in Betrieb befindlichen Kraftwerke des Unternehmens. Das System soll eine Leistung von 25 MW mit einer Speicherdauer von vier Stunden, was 100 MWh entspricht, bereitstellen und ist vollständig skalierbar auf bis zu 4 GW ausgelegt. Diese wegweisende Vereinbarung begründet eine Partnerschaft zwischen den beiden Unternehmen und bündelt ihre langfristigen Interessen, um die Dekarbonisierung des Energiesektors im südlichen Afrika zu beschleunigen. Im Rahmen der Vereinbarung wird Energy Vault Eskom sein neuestes EVx 2.0™ GESS-Technologiesystem sowie die dazugehörige Ausrüstung zur Verfügung stellen, zusammen mit Engineering vor Ort, Projektmanagement und lokaler Schulungsunterstützung. Die Partnerschaft zielt darauf ab, Lizenzen zu vergeben, gemeinsam zu entwickeln und bei der Bereitstellung von bis zu 4 GWh GESS-Speicherkapazität zusammenzuarbeiten, wobei bis 2035 ein erhebliches Potenzial in der 16 Mitglieder umfassenden Region der Southern African Development Community (SADC) besteht. Die EVx 2.0™ GESS-Plattform von Energy Vault weist gegenüber dem vorherigen EVx-Design erhebliche Fortschritte auf, insbesondere in den Bereichen Software-Orchestrierung, mechanischer Betrieb, Energieeffizienz, Bauautomatisierung und Bauwerkzeuge. Diese Verbesserungen ermöglichen ein System, das auf mehrere Gigawatt (GW) an effizienter Energiespeicherung skaliert werden kann, um die zunehmende Durchdringung erneuerbarer Energien zu unterstützen. Das EVx 2.0-Design zeichnet sich zudem durch verbesserte materialwissenschaftliche Technologien aus, die eine wirtschaftliche Wiederverwendung von Asche aus der Kohleverbrennung als Speichermedium in den Blöcken ermöglichen, die jeweils bis zu 25–30 Tonnen wiegen können. „Diese wegweisende Vereinbarung mit Eskom stellt einen transformativen Meilenstein für Energy Vault und für die Energiezukunft Afrikas dar“, sagte Robert Piconi, Vorsitzender und Chief Executive Officer. „Durch die Kombination unserer bahnbrechenden EVx 2.0-Plattform mit Eskoms umfangreicher Stromerzeugungskapazität, Netzkompetenz und regionaler Reichweite treiben wir nicht nur die Langzeitspeicherung in beispiellosem Umfang voran, sondern erschließen auch ein neues Modell für nachhaltige industrielle Entwicklung. Diese Partnerschaft wird lokale Arbeitsplätze schaffen, widerstandsfähige Lieferketten etablieren und zeigen, wie die Schwerkraftspeicherung Afrikas Übergang von der Kohleabhängigkeit hin zu Energieunabhängigkeit und -sicherheit beschleunigen kann – und das alles bei der Versorgung der Gemeinden, die sie am dringendsten benötigen, mit zuverlässigem, erschwinglichem Strom.“ Diese Zusammenarbeit unterstützt direkt die Initiative „Just Energy Transition Partnership“ (JETP) von Eskom, deren Schwerpunkt auf einem nachhaltigen und gerechten Ausstieg aus der Kohle liegt, bei gleichzeitiger Gewährleistung der Netzzuverlässigkeit, der Schaffung von Arbeitsplätzen und der lokalen wirtschaftlichen Entwicklung. „Eskom hat sich verpflichtet, die Umweltauswirkungen seiner Stromerzeugungsaktivitäten zu reduzieren, und wird kontinuierlich Projekte vorantreiben, um Südafrikas lokale und globale Emissionsminderungsziele zu unterstützen und einen verantwortungsvollen Übergang zu gestalten. Die Strategie von Eskom zielt darauf ab, uns als widerstandsfähigen und wettbewerbsfähigen Marktführer in einem liberalisierten Energiemarkt zu positionieren. Wir werden eine gerechte und inklusive Energiewende vorantreiben, die die Intensivierung der Modernisierung und Umnutzung von Kohlekraftwerken sowie die Erforschung sauberer Kohletechnologien und -lösungen umfasst, wobei Technologie als strategischer Wegbereiter zur Effizienzsteigerung und Senkung der Stromkosten eingesetzt wird. Diese Partnerschaft mit Energy Vault und dessen innovativer Schwerkraftspeichertechnologie wird eine entscheidende Rolle bei der Erreichung unserer Ziele für eine gerechte Energiewende spielen“, sagte Dan Marokane, Group Chief Executive von Eskom Holdings. Das südliche Afrika durchläuft derzeit einen dynamischen Wandel seiner Energielandschaft, wobei Regierungen und Energieversorger in der gesamten SADC-Region daran arbeiten, den Zugang zu zuverlässiger, erschwinglicher und nachhaltiger Elektrizität auszuweiten. Heute haben 56 % der Bevölkerung der SADC-Region Zugang zu Elektrizität, gegenüber nur 36 % vor einem Jahrzehnt, was die Wirkung koordinierter regionaler Bemühungen und Investitionen in die Infrastruktur widerspiegelt. Kohle bleibt die dominierende Quelle der Stromerzeugung und machte 2024 mehr als 80 % der Stromversorgung Südafrikas aus, doch die Region diversifiziert ihren Energiemix aktiv. Energiespeichertechnologien im Versorgungsmaßstab werden eine Schlüsselrolle bei der Integration erneuerbarer Energien, der Stärkung der Widerstandsfähigkeit des nationalen Stromnetzes und der Verbesserung der Netzzuverlässigkeit spielen – und gleichzeitig neue Möglichkeiten für industrielles Wachstum, die Schaffung von Arbeitsplätzen und die Entwicklung der Gemeinden eröffnen. Diese Vereinbarung positioniert Eskom und Energy Vault als regionale Marktführer im Bereich der netzgroßen Langzeitspeicher und unterstreicht das Engagement beider Parteien, eine saubere, gerechte und widerstandsfähige Energiewende für das südliche Afrika voranzutreiben. Über Energy Vault Energy Vault® ist eine integrierte Energieinfrastrukturplattform, die flexible, zuverlässige Energiesysteme baut, besitzt und betreibt, um die Zeit bis zur Stromversorgung für Energieversorger, unabhängige Stromerzeuger, Industriekunden sowie den KI- und Rechenzentrumsmarkt zu verkürzen. Das Herzstück der Plattform bildet eine technologieunabhängige, softwaregestützte Architektur, die darauf ausgelegt ist, die Projektumsetzung zu beschleunigen, die Leistung zu optimieren und die Zeit bis zur Umsatzgenerierung zu verkürzen. Die integrierten Lösungen von Energy Vault kombinieren Energiespeicherung, Stromerzeugung und fortschrittliches Energiemanagement, um eine skalierbare, auf die Kundenbedürfnisse zugeschnittene Infrastruktur bereitzustellen. Das Portfolio umfasst Speicherlösungen mit kurzer, langer und mehrtägiger Speicherdauer und gewährleistet so Zuverlässigkeit, Flexibilität und Kosteneffizienz für alle Anwendungsbereiche. Für Energieversorger und Netzbetreiber bietet Energy Vault feste, flexible Kapazitäten, die die Netzstabilität verbessern und eine zuverlässige Stromversorgung gewährleisten. Für Industrie- und Rechenzentrumskunden ermöglicht die Plattform eine ausfallsichere, kosteneffiziente Stromversorgung zur Unterstützung kritischer Betriebsabläufe. Durch sein Modell „Build, Own & Operate“ generiert Energy Vault langfristige, wiederkehrende Einnahmen und gewährleistet gleichzeitig eine hervorragende Projektabwicklung in den Bereichen Entwicklung, Umsetzung und Betrieb. Durch die Kombination von Innovation und disziplinierter Umsetzung definiert Energy Vault die Entwicklung und den Einsatz von Energieinfrastruktur neu – und bietet Zuverlässigkeit, Flexibilität und Skalierbarkeit in einem sich rasch wandelnden globalen Energiemarkt. Weitere Informationen finden Sie unter www.energyvault.com. Über Eskom Holdings SOC Ltd Eskom Holdings SOC Ltd ist ein staatliches Unternehmen (SOC) und Südafrikas wichtigster Stromversorger, der sich vollständig im Besitz der südafrikanischen Regierung befindet. Eskom ist entlang der gesamten Stromwertschöpfungskette tätig – Erzeugung, Übertragung und Verteilung – und deckt über 86 % des Energiebedarfs Südafrikas sowie etwa 20 % der auf dem afrikanischen Kontinent erzeugten Strommenge. Geleitet von dem doppelten Auftrag, finanzielle Nachhaltigkeit zu gewährleisten und gleichzeitig das sozioökonomische Wachstum voranzutreiben, setzt sich Eskom für einen verantwortungsvollen Übergang zu einer kohlenstoffärmeren Zukunft ein. Das Unternehmen unterhält ein ausgedehntes nationales Netz von rund 33.000 km Länge und gleicht Angebot und Nachfrage in Echtzeit aus, um die Wirtschaft des Landes mit Strom zu versorgen und am Strommarkt der Southern African Development Community (SADC) teilzunehmen. Weitere Informationen finden Sie unter Eskom Holdings SOC Ltd. Zukunftsgerichtete Aussagen Diese Pressemitteilung enthält zukunftsgerichtete Aussagen, die die aktuellen Ansichten des Unternehmens unter anderem hinsichtlich seiner Geschäftstätigkeit und finanziellen Leistung widerspiegeln. Zukunftsgerichtete Aussagen umfassen Informationen über mögliche oder angenommene zukünftige Geschäftsergebnisse, einschließlich Beschreibungen unseres Geschäftsplans und unserer Strategien. Diese Aussagen enthalten häufig Wörter wie „voraussehen“, „erwarten“, „in Erwägung ziehen“, „fortsetzen“, „vorschlagen“, „planen“, „potenziell“, „vorhersagen“, „glauben“, „beabsichtigen“, „prognostizieren“, „vorhersagen“, „schätzen“, „Ziel“, „prognostizieren“, „Prognosen“, „sollte“, „Ziel“, „könnte“, „würde“, „mag“, „könnte“, „wird“ und andere ähnliche Ausdrücke. Wir stützen diese zukunftsgerichteten Aussagen oder Prognosen auf unsere aktuellen Erwartungen, Pläne und Annahmen, die wir unter Berücksichtigung unserer Erfahrungen in unserer Branche sowie unserer Einschätzung historischer Trends, aktueller Bedingungen, erwarteter zukünftiger Entwicklungen und anderer Faktoren getroffen haben, die wir unter den gegebenen Umständen für angemessen halten. Diese zukunftsgerichteten Aussagen basieren auf unseren Überzeugungen, Annahmen und Erwartungen hinsichtlich der zukünftigen Leistung unter Berücksichtigung der uns derzeit verfügbaren Informationen. Diese zukunftsgerichteten Aussagen sind lediglich Prognosen, die auf unseren aktuellen Erwartungen und Prognosen hinsichtlich zukünftiger Ereignisse beruhen. Diese zukunftsgerichteten Aussagen beinhalten erhebliche Risiken und Unsicherheiten, die dazu führen könnten, dass unsere tatsächlichen Ergebnisse, unser Tätigkeitsumfang, unsere Leistung oder unsere Erfolge wesentlich von den in den zukunftsgerichteten Aussagen ausdrücklich oder implizit genannten Ergebnissen, dem Tätigkeitsumfang, der Leistung oder den Erfolgen abweichen, einschließlich Änderungen unserer Strategie, unserer Expansionspläne, unserer Kundenchancen, unserer künftigen Geschäftstätigkeit, unserer künftigen Finanzlage, unserer geschätzten Umsätze und Verluste, der erwarteten Verwertung von Steuergutschriften, der erwarteten Finanzierungen, der prognostizierten Kosten, der Aussichten und der Pläne; die Ungewissheit, ob unsere Zuschläge, Auftragseingänge, unser Auftragsbestand und unsere entwickelte Pipeline zu zukünftigen Umsätzen führen; die fehlende Gewissheit, dass unverbindliche Absichtserklärungen und andere Interessensbekundungen zu verbindlichen Finanzierungen, Aufträgen oder Verkäufen führen können; die Möglichkeit, dass unsere Produkte oder Dienstleistungen fehlerhaft sind oder als fehlerhaft gelten oder andere Ausfälle aufweisen; die Umsetzung, Marktakzeptanz und der Erfolg unseres Geschäftsmodells und unserer Wachstumsstrategie; unsere Fähigkeit, unsere Marke und unseren Ruf aufzubauen und zu pflegen; Entwicklungen und Prognosen in Bezug auf unser Geschäft, unsere Wettbewerber und die Branche; die Auswirkungen makroökonomischer Unsicherheiten, einschließlich der Unsicherheit über die künftigen Beziehungen zwischen den Vereinigten Staaten und anderen Ländern in Bezug auf Handelspolitik und Zölle; Änderungen der Steuergesetze und staatlichen Vorschriften sowie die Auswirkungen dieser Änderungen auf uns, einschließlich der Folgen des „One Big Beautiful Bill Act“ und dessen Änderungen am Internal Revenue Code von 1986 in seiner geänderten Fassung sowie der im Rahmen des „Inflation Reduction Act“ von 2022 festgelegten Steuergutschriften für saubere Energie; Investitionen in Entwicklungsprojekte, die möglicherweise nicht innerhalb unseres prognostizierten Zeitrahmens oder überhaupt nicht den kommerziellen Betrieb erreichen; unsere Bemühungen zur Diversifizierung unserer Lieferkette, um die Auswirkungen von Zöllen zu mindern; die Fähigkeit unserer Lieferanten, die für den Bau unserer Energiespeichersysteme erforderlichen Komponenten oder Rohstoffe rechtzeitig zu liefern; unsere Erwartungen hinsichtlich unserer Fähigkeit, Schutz für geistiges Eigentum zu erlangen und aufrechtzuerhalten und die Rechte anderer nicht zu verletzen; Erwartungen hinsichtlich des Zeitraums, in dem wir gemäß dem „Jumpstart Our Business Startups Act“ von 2012 als aufstrebendes Wachstumsunternehmen gelten; unseren künftigen Kapitalbedarf sowie die Herkunft und Verwendung von Barmitteln; Entwicklungen in der US-amerikanischen und globalen Handelspolitik; den internationalen Charakter unserer Geschäftstätigkeit und die Auswirkungen von Kriegen oder anderen Feindseligkeiten auf unser Geschäft und die globalen Märkte; unsere Fähigkeit, Finanzmittel für unseren Betrieb und unser künftiges Wachstum zu beschaffen; sowie unser Geschäft, unsere Expansionspläne und -möglichkeiten, einschließlich unserer Expansion in eigene und selbst betriebene Projekte; unsere Fähigkeit, unsere geplante Akquisition in Japan erfolgreich abzuschließen; und andere wichtige Faktoren, die unter der Überschrift „Risikofaktoren“ in unserem Jahresbericht auf Formular 10-K für das am 31. Dezember 2025 endende Geschäftsjahr erörtert werden, der am 18. März 2026 bei der SEC eingereicht wurde, wobei diese Faktoren von Zeit zu Zeit in anderen bei der SEC eingereichten Unterlagen aktualisiert werden können, die auf der Website der SEC unter www.sec.gov zugänglich sind. Von Zeit zu Zeit treten neue Risiken auf, und es ist unserem Management nicht möglich, alle Risiken vorherzusagen, noch können wir die Auswirkungen aller Faktoren auf unser Geschäft oder das Ausmaß abschätzen, in dem ein Faktor oder eine Kombination von Faktoren dazu führen könnte, dass die tatsächlichen Ergebnisse wesentlich von den in unseren zukunftsgerichteten Aussagen enthaltenen Ergebnissen abweichen. Jede von uns in dieser Pressemitteilung abgegebene zukunftsgerichtete Aussage gilt nur zum Zeitpunkt dieser Pressemitteilung und unterliegt in ihrer Gesamtheit ausdrücklich den in dieser Pressemitteilung enthaltenen Warnhinweisen. Wir übernehmen keine Verpflichtung, zukunftsgerichtete Aussagen öffentlich zu aktualisieren oder zu überprüfen, sei es aufgrund neuer Informationen, zukünftiger Entwicklungen oder aus anderen Gründen, es sei denn, dies ist durch geltende Gesetze vorgeschrieben. Sie sollten sich nicht in unangemessener Weise auf unsere zukunftsgerichteten Aussagen verlassen. Die Ausgangssprache, in der der Originaltext veröffentlicht wird, ist die offizielle und autorisierte Version. Übersetzungen werden zur besseren Verständigung mitgeliefert. Nur die Sprachversion, die im Original veröffentlicht wurde, ist rechtsgültig. Gleichen Sie deshalb Übersetzungen mit der originalen Sprachversion der Veröffentlichung ab. Originalversion auf businesswire.com ansehen: https://www.businesswire.com/news/home/20260512173105/de/ Energy Vault Kontakte:
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Mediadesk@eskom.co.za Original: Energy Vault und Eskom geben strategische Entwicklungsvereinbarung zum Einsatz von netzgroßen Schwerkraftspeichersystemen in Südafrika bekannt
US Market News
2月前
Energy Vault et Eskom annoncent la signature d’un accord de développement stratégique visant à déployer des systèmes de stockage d’énergie par gravité à l’échelle du réseau en Afrique du SudMay 13, 2026 7:43 AM
Business Wire Eskom et Energy Vault ont annoncé la conclusion d’un accord visant à déployer un système de stockage par gravité au niveau de la centrale électrique de Hendrina, dans la province du Mpumalanga, en Afrique du Sud, dans le but d’octroyer des licences, de procéder à un développement conjoint et de s’associer pour déployer jusqu’à 4 GWh de stockage d’énergie à longue durée dans seize États membres de la CDAA Ce partenariat permettra de faire considérablement progresser les efforts régionaux visant à sortir d’une économie carbonée, mais aussi de tirer parti de technologies conjointes en science des matériaux pour réutiliser de manière rentable les cendres de charbon résiduelles dans le cadre de solutions de stockage d’énergie, tout en garantissant la fiabilité du réseau, la création d’emplois et le développement économique local Energy Vault Holdings, Inc. (NYSE : NRGV) (« Energy Vault » ou « la Société »), un chef de file mondial dans le domaine des solutions durables de stockage d’énergie à l’échelle du réseau et des solutions infrastructurelles informatiques basées sur l’intelligence artificielle, a annoncé aujourd’hui la conclusion d’un accord de développement stratégique avec Eskom Holdings SOC Limited (« Eskom »), la compagnie d’électricité publique sud-africaine, en vue du déploiement d’un système de stockage d’énergie par gravité (« duration gravity energy storage system », GESS) à longue durée. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : https://www.businesswire.com/news/home/20260512458537/fr/ La première installation GESS sera construite sur le site de la centrale électrique d’Hendrina d’Eskom, dans la province du Mpumalanga, en Afrique du Sud, l’une des plus anciennes centrales en service de l’entreprise. Le système, qui devrait fournir une capacité de 25 MW avec quatre heures de stockage (soit 100 MWh), sera conçu pour être entièrement évolutif, jusqu’à hauteur de 4 GW. Cet accord historique marque le début d’un partenariat entre les deux entreprises, qui unissent leurs efforts pour accélérer la décarbonisation du secteur de l’électricité en Afrique australe. En vertu de cet accord, Energy Vault fournira à Eskom son système technologique EVx 2.0™ de dernière génération, ainsi que les équipements associés. L’entreprise assurera également le suivi technique sur site, la gestion de projet et apportera un soutien à la formation sur place. Ce partenariat vise à octroyer des licences, à développer conjointement une capacité de stockage GESS pouvant atteindre 4 GWh et à collaborer à son déploiement, avec un potentiel significatif pour tous les États membres de la Communauté de développement d’Afrique australe (CDAA) d’ici 2035. La plateforme GESS EVx 2.0™ d’Energy Vault offre des avancées significatives par rapport à la conception EVx précédente, notamment en matière d’orchestration logicielle, de fonctionnement mécanique, d’efficacité énergétique, d’automatisation de la construction et d’outils de construction. Ces améliorations permettent de disposer d’un système capable d’évoluer vers une capacité de stockage d’énergie efficace de plusieurs gigawatts (GW) afin de soutenir la pénétration croissante des énergies renouvelables. La conception EVx 2.0 intègre également une technologie de pointe en science des matériaux permettant de réutiliser économiquement les cendres issues de la combustion du charbon comme milieu de stockage au sein de blocs dont le poids peut atteindre 25 à 30 tonnes. « Cet accord historique conclu avec Eskom marque une étape décisive pour Energy Vault et pour l’avenir énergétique de l’Afrique », a déclaré Robert Piconi, PDG d’Energy Vault. « En associant notre plateforme révolutionnaire EVx 2.0 à l’expertise d’Eskom en termes de production d’électricité, de réseaux et à sa présence régionale, nous faisons non seulement progresser le stockage à longue durée à une échelle sans précédent, mais nous ouvrons également la voie à un nouveau modèle de développement industriel durable. Ce partenariat permettra de créer des emplois locaux, de mettre en place des chaînes d’approvisionnement résilientes et de montrer comment le stockage d’énergie par gravité peut accélérer la transition de l’Afrique de la dépendance au charbon vers l’indépendance et la sécurité énergétiques – le tout en fournissant une énergie fiable et abordable aux communautés qui en ont le plus besoin. » Cette collaboration constitue un soutien direct à l’initiative « Just Energy Transition Partnership » (JETP) d’Eskom, qui vise à assurer une transition durable et équitable vers l’abandon du charbon tout en garantissant la fiabilité du réseau, la création d’emplois et le développement économique local. « Eskom s’est donné pour mission de réduire l’impact environnemental de ses activités de production d’électricité, de poursuivre ses projets en faveur de la réduction des émissions de l’Afrique du Sud – tant au niveau local qu’international – et d’opérer une transition responsable. Dans le cadre de sa stratégie, l’entreprise vise à devenir un chef de file résilient et compétitif sur un marché de l’énergie libéralisé. Pour ce faire, nous allons mener une transition énergétique équitable et inclusive, qui passera notamment par l’intensification du rééquipement et de la reconversion des centrales à charbon, ainsi que par l’exploration de technologies et de solutions de charbon propre. Nous utiliserons la technologie comme levier stratégique pour améliorer l’efficacité et réduire le coût de l’électricité. Ce partenariat avec Energy Vault, dont la technologie de stockage par gravité est révolutionnaire, jouera un rôle essentiel dans la réalisation de nos objectifs en matière de transition énergétique équitable (Just Energy Transition) », a déclaré Dan Marokane, directeur général de groupe chez Eskom Holdings. L’Afrique australe connaît actuellement une transformation dynamique de son paysage énergétique, les gouvernements et les services publics de la région de la CDAA s’efforçant d’élargir l’accès à une électricité fiable, abordable et durable. Aujourd’hui, 56 % de la population de la région de la CDAA a accès à l’électricité, contre seulement 36 % il y a dix ans, ce qui témoigne de l’impact de la coordination des efforts régionaux et des investissements réalisés dans les infrastructures. Le charbon reste la principale source de production d’électricité, représentant plus de 80 % de l’approvisionnement en électricité de l’Afrique du Sud en 2024, mais le pays travaille activement à diversifier son mix énergétique. Les technologies de stockage d’énergie à grande échelle sont appelées à jouer un rôle clé dans l’intégration des énergies renouvelables, le renforcement de la résilience du réseau national et l’amélioration de sa fiabilité, tout en ouvrant de nouvelles perspectives en matière de croissance industrielle, de création d’emplois et de développement communautaire. Cet accord positionne Eskom et Energy Vault comme des leaders régionaux dans le domaine du stockage à grande échelle et à longue durée, et souligne l’engagement des deux parties à favoriser une transition énergétique propre, équitable et résiliente pour l’Afrique australe. À propos d'Energy Vault Energy Vault® est une plateforme intégrée d’infrastructures énergétiques qui conçoit, détient et exploite des systèmes énergétiques flexibles et fiables afin d’accélérer les délais de mise en service pour les services publics, les producteurs d’électricité indépendants, les clients industriels ainsi que le marché de l’IA et des centres de données. Au cœur de cette plateforme se trouve une architecture logicielle indépendante de toute technologie spécifique, conçue pour accélérer la mise en œuvre des projets, optimiser les performances et réduire les délais de rentabilisation. Les solutions intégrées d’Energy Vault combinent stockage d’énergie, production d’électricité et gestion avancée de l’énergie afin de fournir des infrastructures évolutives adaptées aux besoins des clients. Son portefeuille couvre le stockage à court, long et très long terme, garantissant ainsi fiabilité, flexibilité et rentabilité, quelles que soient les applications. Aux services publics et aux gestionnaires de réseau, Energy Vault fournit une capacité de production ferme et flexible qui renforce la stabilité des réseaux et contribue à garantir la fiabilité de l’approvisionnement en électricité. Aux clients du secteur industriel et aux centres de données, la plateforme offre une alimentation électrique résiliente et rentable, capable de soutenir les opérations critiques. Grâce à son modèle « Build, Own & Operate » (construire, posséder et exploiter), Energy Vault génère des revenus récurrents sur le long terme tout en garantissant l’excellence de l’exécution des projets, de leur développement à leur mise en service et à leur exploitation. En alliant innovation et rigueur dans l’exécution, Energy Vault redéfinit la manière dont les infrastructures énergétiques sont développées et déployées, offrant fiabilité, flexibilité et évolutivité sur un marché mondial de l’énergie en pleine mutation. Rendez-vous sur www.energyvault.com pour plus d’informations. À propos d’Eskom Holdings SOC Ltd Eskom Holdings SOC Ltd est une entreprise publique (state-owned corporation, SOC) détenue à 100 % par le gouvernement sud-africain et le principal fournisseur d’électricité d’Afrique du Sud. Eskom opère sur l’ensemble de la chaîne de valeur de l’électricité (production, transport et distribution) et couvre plus de 86 % des besoins énergétiques de l’Afrique du Sud ainsi qu’environ 20 % de l’électricité produite sur le continent africain. Régie par un double mandat visant à garantir la viabilité financière tout en stimulant la croissance socio-économique, Eskom s’engage en faveur d’une transition responsable vers un avenir à faibles émissions de carbone. La société gère un vaste réseau national d’environ 33?000 km et équilibre l’offre et la demande en temps réel pour stimuler l’économie du pays et participer au marché de l’électricité de la Communauté de développement d’Afrique australe (CDAA). Pour plus d’informations, veuillez consulter le site d’Eskom Holdings SOC Ltd. Déclarations prospectives Le présent communiqué de presse contient des déclarations prospectives qui reflètent les opinions actuelles de la Société concernant, entre autres, ses activités et ses résultats financiers. Les déclarations prospectives peuvent comprendre des informations concernant les résultats d’exploitation futurs possibles ou présumés, ainsi que des descriptions de notre plan d’affaires et de nos stratégies. Ces déclarations incluent souvent des termes tels qu’« anticiper », « s’attendre à », « envisager », « poursuivre », « suggérer », « planifier », « potentiel », « prédire », « croire », « avoir l’intention de », « projeter », « prévoir », « estimer », « cibler », « viser », « projections », l’emploi du futur ou du conditionnel, et d’autres expressions similaires. Nous basons ces déclarations prospectives ou projections sur nos attentes, plans et hypothèses actuels, établis à la lumière de notre expérience de l’industrie, de notre perception des tendances historiques, des conditions actuelles, et des évolutions futures attendues, ainsi que d’autres facteurs que nous considérons comme appropriés dans les circonstances du moment. Ces déclarations prospectives sont basées sur nos convictions, hypothèses et attentes en matière de performances futures, en tenant compte des informations dont nous disposons actuellement. Ces déclarations prospectives ne constituent que des prédictions basées sur nos attentes et projections actuelles concernant des événements futurs. Ces déclarations prospectives impliquent des risques et incertitudes importants susceptibles d’entraîner des écarts importants entre nos résultats réels, notre niveau d’activité, nos performances ou nos réalisations, et ceux exprimés ou sous-entendus dans ces déclarations, notamment en ce qui concerne : tous changements dans notre stratégie, nos plans d’expansion, les opportunités clients, nos opérations futures, notre situation financière future, les revenus et pertes estimés, la monétisation prévue des crédits d’impôt, les financements prévus, les coûts estimés, les perspectives et les projets ; l’incertitude quant au fait que nos attributions, commandes et arriérés, ainsi que le calendrier des permis et le pipeline développé, se traduiront bien par des revenus à l’avenir ; l’absence de garantie que des lettres d’intention non contraignantes et d’autres manifestations d’intérêt aboutiront à des commandes ou à des ventes fermes ; la possibilité que nos produits soient défectueux ou présumés défectueux ou qu’ils connaissent d’autres formes de défaillance ; la mise en œuvre, l’acceptation par le marché et le succès de notre modèle économique et de notre stratégie de croissance ; notre capacité à développer et à maintenir notre marque et notre réputation ; les projections et développements relatifs à nos activités, à nos concurrents et à notre secteur ; l’impact de l’incertitude macroéconomique, notamment en ce qui concerne les relations futures entre les États-Unis et d’autres pays du fait des politiques commerciales et des droits de douane ; toutes modifications apportées à la législation fiscale et à la réglementation gouvernementale, ainsi que leur incidence sur notre entreprise, notamment celles découlant de la loi « One Big Beautiful Bill Act » et des modifications qu’elle apporte à l’Internal Revenue Code de 1986, tel que modifié, ainsi qu’aux crédits d’impôt relatifs aux énergies propres instaurés par la loi « Inflation Reduction Act » de 2022 ; le fait que nos investissements dans des projets de développement pourraient ne pas aboutir à une exploitation commerciale dans les délais prévus, voire pas du tout ; nos efforts visant à diversifier notre chaîne d’approvisionnement afin d’atténuer l’impact des droits de douane ; la capacité de nos fournisseurs à livrer en temps voulu les composants ou les matières premières nécessaires à la construction de nos systèmes de stockage d’énergie ; nos attentes concernant notre capacité à obtenir et à maintenir une protection de la propriété intellectuelle, ainsi qu’à ne pas enfreindre les droits d’autrui ; nos attentes concernant la durée pendant laquelle nous continuerons d’être une société en croissance émergente en vertu de la loi Jumpstart Our Business Startups Act de 2012 ; nos besoins en capitaux futurs et les sources et utilisations de nos liquidités ; les évolutions de la politique commerciale américaine et mondiale ; la nature internationale de nos opérations et l’impact de guerres ou autres conflits sur nos activités et sur les marchés mondiaux ; notre capacité à obtenir des financements pour nos opérations et notre croissance future ; ainsi que nos activités, nos projets d’expansion et nos opportunités, notamment notre développement dans le domaine des projets en propre ; notre capacité à mener à bien l’acquisition que nous envisageons au Japon ; ainsi que tous autres facteurs importants mentionnés dans la rubrique « Facteurs de risque » de notre rapport annuel sur formulaire 10-K pour l’exercice clos le 31 décembre 2025, déposé auprès de la SEC le 18 mars 2026, lesdits facteurs pouvant être mis à jour de temps à autre dans d’autres dépôts effectués auprès de la SEC, accessibles sur le site web de celle-ci à l’adresse www.sec.gov. De nouveaux risques peuvent émerger à tout moment et il est impossible pour notre direction d’anticiper tous les risques, d’évaluer l’impact de tous les facteurs sur nos activités, ou de déterminer dans quelle mesure un facteur, ou une combinaison de facteurs, pourrait entraîner une différence significative entre les résultats réels et ceux contenus dans les déclarations prospectives que nous pourrions faire. Toute déclaration prospective faite par nous dans le cadre du présent communiqué de presse n’est valable qu’à la date de sa publication et doit être expressément considérée dans son intégralité à la lumière des mises en garde contenues dans le présent communiqué de presse. Nous ne nous engageons nullement à mettre à jour ou à réviser publiquement toute déclaration prospective, que ce soit en raison de nouvelles informations, de développements futurs ou autres, sauf en cas d’obligation légale. Le lecteur est prié de ne pas se fier outre mesure à nos déclarations prospectives. Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence. Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260512458537/fr/ Contacts Energy Vault :
Investisseurs energyvaultIR@icrinc.com
Médias media@energyvault.com Contact Eskom Media :
Mediadesk@eskom.co.za Original: Energy Vault et Eskom annoncent la signature d’un accord de développement stratégique visant à déployer des systèmes de stockage d’énergie par gravité à l’échelle du réseau en Afrique du Sud
US Market News
2月前
Energy Vault Reports First Quarter 2026 Financial Results and Reaffirms 2026 GuidanceMay 5, 2026 4:05 PM
Business Wire Q1 2026 global MW under management surged from 440 MW to 1.1 GW, up over 500% year-over-year and 140% sequentially Year to Date 2026 backlog reached $1.35 billion, up 108% year-over-year, of which 80%+ is recurring, high-margin IPP revenue Q1 2026 Revenue of $21.9 million, up 156% year-over-year Q1 2026 GAAP Gross Profit of $4.8 million and Adjusted Gross Profit of $6.1 million (up 25% year-over-year) Achieved fifth consecutive quarterly increase in balance sheet Cash to $117 million Added 100 MW of Powered Land and Powered Shell projects for AI data center infrastructure, expected to yield over $65 million in annual, recurring EBITDA within the next 12-18 months Announced Japan market entry with acquisition of 850 MW BESS IPP project portfolio of which 350 MW are advanced-stage projects expected to close in Q2 2026 “Own & Operate” portfolio now exceeding 1 GW, expected to generate over $180 million in annual, recurring run rate EBITDA, ahead of previous guidance Reaffirming Full Year 2026 guidance with strong, double-digit growth across Revenue, Profitability and Cash Flow metrics at the midpoint Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a global leader in sustainable, grid-scale energy storage and AI compute infrastructure solutions, today announced financial results for the quarter ended March 31, 2026. “Our first quarter 2026 results reflect a resounding validation of our shift to an energy infrastructure platform provider, more than doubling our MW capacity under management from last quarter to over 1 GW,” said Robert Piconi, Chairman of the Board and Chief Executive Officer. “While these new project acquisitions will ensure long term, high-margin and recurring revenue streams as reflected in our strong contract backlog growth to over $1.3 billion – projects that are pre-funded through our existing Asset Vault platform where we also see strong near-term demand growth for our AI compute infrastructure solutions in storage, software and generation for powered land and powered shells for modular data centers. Our strong historical execution capabilities have earned us this right with customers, enabling interim revenue upside potential while our larger scale Own and Operate projects are being constructed and coming online in the coming 12, 24 and 36 months. With the move squarely now into the IPP and Digital Infrastructure company peer groups as reflected by our current contracted backlog, we believe this may result in a re-rating of our valuation and related upside to current trading. Our strong year-over-year revenue and gross profit growth in the quarter reflects us reaping the benefits of our unique vertically integrated storage IPP and EPC model, enabling us to execute faster, cheaper and with the highest quality, safety and predictability versus our peers. We continue to exceed our customer expectations with our project execution capabilities while expanding our global footprint in attractive markets, recently adding MW load capacity in Australia, Japan and in particular the U.S. market given the strong AI compute infrastructure spending. We delivered our fifth consecutive quarterly increase in Cash while we continue to leverage the $300 million preferred equity announced from Asset Vault to support over $1 billion in project CapEx for our near to intermediate project funding needs for the MW under our management. We are uniquely positioned at the intersection of two powerful global megatrends, grid scale energy storage and the rapid growth of AI compute power delivery. Power is the primary constraint on AI data center expansion, and Energy Vault is executing at a rapid pace to play a growing role in enabling this expansion. We are not only participating in the energy transition but also building the infrastructure backbone that enables it, with clear visibility toward scaling recurring EBITDA to over $180 million, ahead of prior guidance. Our focus remains on disciplined capital allocation, accelerating asset ownership, and delivering predictable, high-quality earnings growth over the long term.” First Quarter 2026 Financial Highlights As of May 5, 2026, backlog of $1.35 billion, up 108% year over year with additions to the company’s Own & Operate portfolio in the U.S. and Australia Q1 2026 revenue of $21.9 million increased significantly from $8.5 million in the prior-year period, driven by higher energy storage product deliveries and initial contributions from owned and operated assets Q1 2026 GAAP gross profit of $4.8 million was relatively consistent with the prior-year period; GAAP gross margin of 21.9% reflects evolving revenue mix toward product deliveries and early-stage asset contributions (prior-year period GAAP Gross Margin of 57.1% driven by IP-related revenue) Q1 2026 adjusted gross profit of $6.1 million increased 25% versus the prior-year period; adjusted gross margin of 27.9% reflects the removal of Asset Vault operating project related depreciation and amortization (as those projects commenced operations in mid 2025) Q1 2026 GAAP Net Loss of $32.5 million compared to $21.1 million in the prior-year period, reflecting higher depreciation and interest expense, and non-recurring items related to extinguishment of debt Q1 2026 Adjusted EBITDA loss of $13.6 million compared to a loss of $11.3 million in the prior-year period, reflecting additional development expenses and new personnel associated with the Own & Operate / AI power infrastructure strategy Q1 2026 Adjusted Net Loss of $20.0 million compared to a loss of $11.8 million in the prior-year period reflecting higher depreciation and interest expense In February 2026, Energy Vault completed a $150 million 5.250% Senior Convertible Notes offering due 2031 (gross, upsized from $125 million), with a portion of the proceeds used to implement a capped call (for an implied conversion price of $8.12/share) and repayment of $45 million in existing higher-cost principal debt Completed sale and transfer of $12 million (net) investment tax credit (ITC) associated with the Cross Trails BESS; remaining two ITC transfers expected to be completed in coming months representing ~$40 million in net proceeds across all three in total Total cash and cash equivalents as of March 31, 2026, of $117 million, following the repayment of higher-cost debt, continued investments into the Asset Vault portfolio as well as new opportunities associated with the AI power infrastructure space. Operating and Strategic Highlights Entered the Japanese market through the proposed acquisition of an 850 MW battery energy storage portfolio (of which 350 MW is advanced stage), establishing a strategic foothold in one of the world’s fastest-growing global energy storage markets; expected to close in Q2 2026 Continued expansion of U.S. asset portfolio, including the acquisition of the 175 MW / 350 MWh McMurtre Battery Energy Storage System project in Texas, advancing Asset Vault platform scale Progressed development of AI power infrastructure platform through strategic partnerships, including deployment of modular data center infrastructure integrated with Energy Vault energy systems; land rights and interconnection agreement completed for the 75 MW Powered Land opportunity Total megawatts under control, in construction or in operation now exceeds 1 GW, continues to scale rapidly, supporting a growing base of long-term recurring revenue opportunities Maintained sustainability leadership, achieving the highest ESG score among energy storage companies for the second consecutive year ranking in the 98th percentile Business Outlook Reaffirming full year 2026 guidance across all key metrics: Estimating full year 2026 revenue of $225–$300 million (~30% year-over-year growth at midpoint) Expecting $75–$100 million of internal Asset Vault project builds, generating attractive cash margins and supporting long-term asset ownership Targeting full year 2026 gross margin of 15%–25% Targeting $150–$200 million in total cash at year-end 2026, supported by financing activities, project execution and capital discipline Advancing “Own & Operate” strategy with global multi-asset class portfolio now exceeding 1 GW, expected to yield over $180 million in annual recurring EBITDA run rate ahead of previous guidance Conference Call Information Energy Vault will host a conference call today, May 5, 2026 at 4:30 PM ET to discuss these results and business outlook, followed by a Q&A session. A live webcast of the call can be accessed at https://investors.energyvault.com/events-and-presentations/events. 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 earnings call. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday, May 19, 2026. Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671 and enter access code 13759760. An archived replay of the call will also be available on the investors portion of the Energy Vault website at https://investors.energyvault.com/. About Energy Vault Energy Vault® is an integrated power infrastructure platform that builds, owns and operates flexible, reliable energy systems to accelerate time-to-power for utilities, independent power producers, industrial customers and the AI and data center market. At the core of its platform is a technology-agnostic, software-enabled architecture that is designed to accelerate project delivery, optimize performance and drive faster time-to-revenue. Energy Vault’s integrated solutions combine energy storage, generation, and advanced energy management to deliver scalable infrastructure tailored to customer needs. Its portfolio spans short-, long-, and multi-day duration storage, enabling reliability, flexibility and cost efficiency across applications. For utilities and grid operators, Energy Vault provides firm, flexible capacity ?enhances grid stability and helps to ensure reliable power delivery. For industrial and data center customers, the platform enables resilient, cost-efficient power supply to support critical operations. Through its Build, Own & Operate model, Energy Vault generates long-term, recurring revenues while delivering project execution excellence across development, delivery and operations. By combining innovation with disciplined execution, Energy Vault is redefining how power infrastructure is developed and deployed – delivering reliability, flexibility and scale in a rapidly evolving global energy market. Please visit www.energyvault.com for additional information. Non-GAAP measures Energy Vault has provided a reconciliation of net loss to each of adjusted EBITDA and adjusted net loss, with GAAP net loss being the most directly comparable GAAP measure to both measures, for the historical periods in this press release. Energy Vault has also provided a reconciliation of reported gross profit, S&M, R&D and G&A expenses to adjusted gross profit, S&M expenses, adjusted R&D expenses, and adjusted G&A expenses, respectively, and a reconciliation of reported operating expenses to adjusted operating expenses for the historical periods in this press release. A reconciliation of projected non-GAAP measures has not been provided because certain information necessary to calculate such measures on a GAAP basis is not available without unreasonable efforts or dependent on the timing of future events outside of our control. Therefore, because of the uncertainty and variability of the nature of the amount of future adjustments, which could be significant, the Company is unable to provide a reconciliation for these forward-looking non-GAAP measures without unreasonable effort. Net bookings represent the sum of contracted bookings and contingent option bookings, net of cancellations, measured in total aggregate contract value and total MWh. Contracted bookings are from customer contracts signed during the period. Contingent option bookings are from projects where the Company holds an enforceable exclusive purchase right and intends to exercise that right, even if the option has not been exercised as of period end. Developed pipeline represents uncontracted potential revenue from third-party projects where potential prospective customers have either awarded the Company a project or shortlisted the Company for consideration. It also includes potential tolling revenue from projects where the Company is in advanced negotiations to build, own, and operate energy storage systems. Developed pipeline is an internal management metric that we construct using information from our global sales team and is monitored by management to understand the potential anticipated growth of our Company and to estimate potential future revenue. Developed pipeline is influenced by the prevailing foreign exchange rates and equipment prices and may vary from period to period if these inputs change. Backlog represents (i) contracted but unrecognized revenue from third party projects and services yet to be completed, (ii) unrecognized revenue or other income from IP licensing agreements, and (iii) unrecognized revenue from tolling arrangements for projects operated by Energy Vault or affiliates, in each case, that is associated with contracted bookings and contingent option bookings (as defined above). Backlog includes contracted backlog and contingent option backlog. Contracted backlog reflects unrecognized revenue associated with binding, fully executed agreements. Contingent option backlog reflects unrecognized revenue associated with projects where the Company holds an enforceable exclusive purchase right and intends to exercise that right, even if the option has not been exercised as of period end, and is contingent on the Company exercising the applicable purchase right and subsequent project execution. If the Company does not exercise an option, or if the underlying terms or assumptions change such that inclusion is no longer appropriate, the related contingent option backlog is removed or updated in the period of change. Backlog includes any potential future variable payments from tolling and offtake arrangements that the Company believes are probable of being realized. Probable future variable payments are forecasted by an independent third-party firm using simulation software that factors in current and projected energy market dynamics, historical and forecasted volatility, and location specific data. The Company considers the low-end simulation results to be probable. Potential future IP royalties are not included in backlog. Backlog is a common measurement used in our industry. Our methodology for determining backlog may not, however, be comparable to the methodologies used by others. Forward-Looking Statements This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “contemplate,” “continue,” “suggest,” “plan,” “potential,” “predict,” “believe,” “intend,” “project,” “forecast,” “estimate,” “target,” “project,” “projections,” “should,” “target,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, expected monetization of tax credits, expected financings, projected costs, prospects and plans; the uncertainly of our awards, bookings, backlog and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indications of interest can result in binding financings, orders or sales; the possibility of our products or services to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the impact of macroeconomic uncertainty, including with respect to uncertainty about the future relationship between the United States and other countries with respect to trade policies and tariffs; changes in tax laws and government regulations and the impact of those changes on us, including as a result of the One Big Beautiful Bill Act and its changes to the Internal Revenue Code of 1986, as amended and the clean-energy tax credits established under the Inflation Reduction Act of 2022; investment in development projects that may not achieve commercial operations in our predicted timeframe or at all; our efforts to diversify our supply chain to lessen the impact of tariffs; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the Jumpstart Our Business Startups Act of 2012; our future capital requirements and sources and uses of cash; developments in U.S. and global trade policy; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; and our business, expansion plans and opportunities, including our expansion into owned and operated projects; our ability to successfully consummate our proposed acquisition in Japan; and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 18, 2026, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements. ENERGY VAULT HOLDINGS, INC. Condensed Consolidated Balance Sheets (Unaudited) (In thousands except par value) ? March 31,
2026 December 31,
2025 Assets ? ? ? Current Assets ? ? ? Cash and cash equivalents $ 55,243 $ 58,260 Restricted cash, current portion 13,505 4,717 Accounts receivable, net 4,941 25,938 Contract assets, net 18,073 20,631 Inventory 126 139 Advances to suppliers 3,819 6,318 Prepaid expenses and other current assets 8,081 5,067 Total current assets 103,788 121,070 Property and equipment, net 101,454 96,064 Intangible assets, net 7,057 8,277 Operating lease right-of-use assets, net 2,166 2,242 Investments, long-term portion 3,366 3,366 Restricted cash, long-term portion 48,379 40,466 Deferred income taxes, net 28,743 40,508 Other assets 3,084 883 Total Assets $ 298,037 $ 312,876 Liabilities and Stockholders’ Equity Current Liabilities ? ? Accounts payable $ 9,083 $ 30,838 Accrued expenses 25,820 70,389 Debt, current portion 11,065 56,628 Contract liabilities 15,380 6,610 Other current liabilities 603 552 Total current liabilities 61,951 165,017 Long-term debt 160,611 37,970 Warrant liabilities 15,350 15,050 Deferred pension obligation 1,968 1,837 Other long-term liabilities 4,381 4,386 Total liabilities 244,261 224,260 Mezzanine Equity Redeemable non-controlling interest 23,318 21,156 Stockholders’ Equity Preferred stock, $0.0001 par value; 5,000 shares authorized, none issued — — Common stock, $0.0001 par value; 500,000 shares authorized, 174,147 and 168,969 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 17 17 Additional paid-in capital 551,026 555,873 Accumulated deficit (519,918 ) (487,433 ) Accumulated other comprehensive loss (636 ) (966 ) Non-controlling interest (31 ) (31 ) Total stockholders’ equity 30,458 67,460 Total Liabilities, Mezzanine Equity, and Stockholders’ Equity $ 298,037 $ 312,876 ENERGY VAULT HOLDINGS, INC. Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (In thousands except per share data) ? Three Months Ended March 31, 2026 2025 Revenue $ 21,879 $ 8,534 Cost of revenue 17,091 3,658 Gross profit 4,788 4,876 Operating expenses: Sales and marketing 2,910 4,145 Research and development 2,590 3,824 General and administrative 21,241 17,506 Provision for (benefit from) credit losses 25 (11 ) Depreciation, amortization, and accretion (excluding amounts included in cost of revenue) 2,223 305 Total operating expenses 28,989 25,769 Loss from operations (24,201 ) (20,893 ) Other income (expense): Interest expense (3,466 ) (95 ) Interest income 568 315 Change in fair value of financial instruments carried at fair value (134 ) — Other expense, net (5,251 ) (118 ) Loss before income taxes (32,484 ) (20,791 ) Provision for income taxes 1 383 Net loss (32,485 ) (21,174 ) Net loss attributable to non-controlling interest — (38 ) Net loss attributable to Energy Vault Holdings, Inc. $ (32,485 ) $ (21,136 ) Net loss per share attributable to common stockholders —?basic and diluted $ (0.20 ) $ (0.14 ) Weighted average shares outstanding —?basic and diluted 171,867 153,723 Other comprehensive income (loss)?—?net of tax Actuarial gain (loss) on pension $ (116 ) $ 511 Foreign currency translation gain 446 20 Total other comprehensive income attributable to Energy Vault Holdings, Inc. 330 531 Total comprehensive loss attributable to Energy Vault Holdings, Inc. $ (32,155 ) $ (20,605 ) ENERGY VAULT HOLDINGS, INC. Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands) ? Three Months Ended March 31, 2026 2025 Cash Flows From Operating Activities ? ? ? Net loss $ (32,485 ) $ (21,174 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation, amortization, and accretion 3,546 305 Non-cash debt and financing costs 802 74 Loss on debt extinguishment 5,191 — Non-cash interest income — (178 ) Stock-based compensation 7,053 9,276 Change in fair value of financial instruments carried at fair value 134 — Provision for (benefit from) credit losses 25 (11 ) Foreign exchange losses 61 133 Change in operating assets 21,036 2,615 Change in operating liabilities (59,160 ) 6,230 Net cash used in operating activities (53,797 ) (2,730 ) Cash Flows From Investing Activities ? ? Purchase of property and equipment (7,058 ) (6,783 ) Investment in note receivable — (530 ) Investment tax credit proceeds 11,765 — Net cash provided by (used in) investing activities 4,707 (7,313 ) Cash Flows From Financing Activities ? ? Proceeds from issuance of debt 150,000 26,826 Repayment of debt (56,478 ) — Payment of debt issuance costs (9,835 ) (709 ) Purchase of capped calls (20,460 ) — Proceeds from insurance premium financings — 1,473 Repayment of insurance premium financings (343 ) (545 ) Short-swing profit recovery — 24 Proceeds from exercise of stock options 34 — Payment of finance lease obligations (16 ) (9 ) Payment of taxes related to net settlement of equity awards (1,749 ) — Net cash provided by financing activities 61,153 27,060 Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1,621 65 Net increase in cash, cash equivalents, and restricted cash 13,684 17,082 Cash, cash equivalents, and restricted cash ?–? beginning of the period 103,443 30,073 Cash, cash equivalents, and restricted cash –? end of the period 117,127 47,155 Less: Restricted cash at end of period 61,884 29,333 Cash and cash equivalents - end of period $ 55,243 $ 17,822 ENERGY VAULT HOLDINGS, INC. Condensed Consolidated Statements of Cash Flows (Continued) (Unaudited) (In thousands) Three Months Ended March 31, 2026 2025 Supplemental Disclosures of Cash Flow Information: ? ? Cash paid (refunded) for income taxes $ (8 ) $ — Cash paid for interest 2,805 13 Supplemental Disclosures of Non-Cash Investing and Financing Information: Actuarial gain (loss) on pension (116 ) 511 Property and equipment financed through accounts payable and accrued expenses — 10,530 Assets acquired on finance lease 1 — Non-GAAP Financial Measures To complement our consolidated statements of operations and comprehensive loss, we use non-GAAP financial measures of adjusted gross profit, adjusted gross margin, adjusted S&M expenses, adjusted R&D expenses, adjusted G&A expenses, adjusted operating expenses, adjusted net loss, and adjusted EBITDA. Management believes that these non-GAAP financial measures complement our GAAP amounts and such measures are useful to securities analysts and investors to evaluate our ongoing results of operations when considered alongside our GAAP measures. The presentation of these non-GAAP measures is not meant to be considered in isolation or as an alternative to other measures of financial performance calculated in accordance with GAAP. These non-GAAP measures and their reconciliation to GAAP financial measures are shown below. The following table provides a reconciliation from GAAP gross profit to non-GAAP adjusted gross margin (amounts in thousands, unaudited): Three Months Ended March 31, 2026 2025 Revenue $ 21,879 $ 8,534 Cost of revenue 17,091 3,658 Gross profit (GAAP) 4,788 4,876 Gross margin (GAAP) 21.9 % 57.1 % Non-GAAP adjustment: Add: depreciation and amortization 1,323 — Adjusted gross profit (non-GAAP) $ 6,111 $ 4,876 Adjusted gross margin (non-GAAP) 27.9 % 57.1 % The following table provides a reconciliation from GAAP S&M expenses to non-GAAP adjusted S&M expenses (amounts in thousands, unaudited): Three Months Ended March 31, 2026 2025 S&M expenses (GAAP) $ 2,910 $ 4,145 Non-GAAP adjustment: Less: stock-based compensation expense 688 1,045 Adjusted S&M expenses (non-GAAP) $ 2,222 $ 3,100 The following table provides a reconciliation from GAAP R&D expenses to non-GAAP adjusted R&D expenses (amounts in thousands, unaudited): Three Months Ended March 31, 2026 2025 R&D expenses (GAAP) $ 2,590 $ 3,824 Non-GAAP adjustments: Less: stock-based compensation expense 964 1,368 Adjusted R&D expenses (non-GAAP) $ 1,626 $ 2,456 The following table provides a reconciliation from GAAP G&A expenses to non-GAAP adjusted G&A expenses (amounts in thousands, unaudited): Three Months Ended March 31, 2026 2025 G&A expenses (GAAP) $ 21,241 $ 17,506 Non-GAAP adjustments: Less: stock-based compensation expense 5,401 6,863 Adjusted G&A expenses (non-GAAP) $ 15,840 $ 10,643 The following table provides a reconciliation from GAAP operating expenses to non-GAAP operating expenses (amounts in thousands, unaudited): Three Months Ended March 31, 2026 2025 Operating expenses (GAAP) $ 28,989 $ 25,769 Non-GAAP adjustments: Less: depreciation, amortization, and accretion (excluding amounts included in cost of revenue) 2,223 305 Less: stock-based compensation expense 7,053 9,276 Less: provision for (benefit from) credit losses 25 (11 ) Adjusted operating expenses (non-GAAP) $ 19,688 $ 16,199 The following table provides a reconciliation from net loss attributable to Energy Vault Holdings, Inc and net loss per share attributable to Energy Vault Holdings, Inc - basic and diluted, to non-GAAP adjusted net loss and non-GAAP adjusted net loss per share attributable to Energy Vault Holdings, Inc - basic and diluted (amounts in thousands except per share data, unaudited): Three Months Ended March 31, 2026 2025 Net loss attributable to Energy Vault Holdings, Inc. (GAAP) $ (32,485 ) $ (21,136 ) Non-GAAP adjustments: — Stock-based compensation expense 7,053 9,276 Provision for (benefit from) credit losses 25 (11 ) Change in fair value of financial instruments carried at fair value 134 — Loss on debt extinguishment 5,191 — Net loss attributable to non-controlling interest — (38 ) Foreign exchange losses 61 133 Adjusted net loss (non-GAAP) $ (20,021 ) $ (11,776 ) Net loss per share attributable to common stockholders —?basic and diluted (GAAP) (1) $ (0.20 ) $ (0.14 ) Net loss per share attributable to common stockholders —?basic and diluted (non-GAAP) (1) $ (0.12 ) $ (0.08 ) Weighted average shares outstanding —?basic and diluted 171,867 153,723 ____________________ (1) In calculating the per share amounts for the three months ended March 31, 2026, net loss attributable to common stockholders has been adjusted for $1.1 million of accretion related to the redeemable noncontrolling interest. The following table provides a reconciliation from net loss attributable to Energy Vault Holdings, Inc. to non-GAAP adjusted EBITDA, with net loss attributable to Energy Vault Holdings, Inc. being the most directly comparable GAAP measure (amounts in thousands, unaudited): Three Months Ended March 31, 2026 2025 Net loss attributable to Energy Vault Holdings, Inc. (GAAP) $ (32,485 ) $ (21,136 ) Non-GAAP adjustments: — Interest expense 3,466 95 Interest income (568 ) (315 ) Provision for income taxes 1 383 Depreciation, amortization, and accretion 3,546 305 Stock-based compensation expense 7,053 9,276 Provision for (benefit from) credit losses 25 (11 ) Change in fair value of financial instruments carried at fair value 134 — Loss on debt extinguishment 5,191 — Net loss attributable to non-controlling interest — (38 ) Foreign exchange losses 61 133 Adjusted EBITDA (non-GAAP) $ (13,576 ) $ (11,308 ) We present adjusted EBITDA, which is net loss excluding adjustments that are outlined in the quantitative reconciliation provided above, as a supplemental measure of our performance and because we believe this measure is frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in our industry. The items excluded from adjusted EBITDA are excluded in order to better reflect our continuing operations. Adjusted EBITDA is presented on a consolidated basis. Because our reconciliation starts with net loss attributable to Energy Vault Holdings, Inc., we add back net loss attributable to non-controlling interests to arrive at consolidated Adjusted EBITDA. Non-controlling interest allocations may be significantly impacted by the hypothetical liquidation at book value method to allocate Asset Vault’s income (loss) between the Company and the redeemable non-controlling interest. In evaluating adjusted EBITDA, one should be aware that in the future we may incur expenses similar to the adjustments noted above. Our presentation of adjusted EBITDA should not be construed as an inference that our future results will be unaffected by these types of adjustments. Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net loss, operating loss, or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our liquidity. Our adjusted EBITDA measure has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are: it does not reflect our cash expenditures, future requirements for capital expenditures, or contractual commitments; it does not reflect changes in, or cash requirements for, our working capital needs; it does not reflect stock-based compensation, which is an ongoing expense; although depreciation, amortization, and accretion are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and our adjusted EBITDA measure does not reflect any cash requirements for such replacements; it is not adjusted for all non-cash income or expense items that are reflected in our condensed consolidated statements of cash flows; it does not reflect the impact of earnings or charges resulting from matters we consider not to be indicative of our ongoing operations; it does not reflect limitations on or costs related to transferring earnings from our subsidiaries to us; and other companies in our industry may calculate this measure differently than we do, limiting its usefulness as a comparative measure. Because of these limitations, adjusted EBITDA should not be considered as a measure of discretionary cash available to us to invest in the growth of our business or as a measure of cash that will be available to use to meet our obligations. You should compensate for these limitations by relying primarily on our GAAP results and using adjusted EBITDA only supplementally. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505669935/en/ Investors:
energyvaultIR@icrinc.com Media:
media@energyvault.com Original: Energy Vault Reports First Quarter 2026 Financial Results and Reaffirms 2026 Guidance
US Market News
3月前
Energy Vault fait son entrée sur le marché japonais avec l’acquisition d’un portefeuille de stockage d’énergie de 850 MW, s’apprêtant à conquérir l’un des marchés du stockage d’énergie qui connaît la croissance la plus rapide au mondeApril 9, 2026 5:02 PM
Business Wire
Cette acquisition stratégique permet à l’entreprise d’établir immédiatement une présence locale au Japon, faisant ainsi progresser la stratégie mondiale d’Energy Vault « own & operate » sur un marché à forte croissance et encore peu pénétré
La transaction comprend l’intégration d’une équipe de développement japonaise locale ayant fait ses preuves et de 350 MW de projets à un stade avancé, dont l’ordre d’exécution (NTP) est prévu au second semestre 2027, avec une mise en service commerciale (COD) attendue mi-2028
Cette acquisition porte la capacité totale des actifs détenus, en construction et en exploitation par Energy Vault à plus de 1 GW, toutes classes d’actifs et zones géographiques confondues, et devrait générer un EBITDA récurrent annuel de plus de 180 millions de dollars, dépassant les prévisions antérieures
Energy Vault Holdings, Inc. (NYSE : NRGV) (« Energy Vault » ou la « société »), leader mondial des solutions durables de stockage d’énergie à l’échelle du réseau et d’infrastructures informatiques basées sur l’IA, a annoncé aujourd’hui son entrée officielle sur le marché japonais par le biais d’un accord contraignant visant à acquérir un portefeuille de projets BESS auprès d’un développeur national de premier plan dans le domaine du stockage d’énergie. La transaction comprend l’intégration d’une équipe bien établie d’experts locaux en énergie et l’acquisition d’un portefeuille de développement de systèmes de stockage d’énergie par batterie (BESS) de haute qualité, d’une capacité de 850 MW, ce qui positionne Energy Vault pour tirer parti de l’un des marchés de stockage d’énergie les plus dynamiques et les plus avantageux sur le plan structurel parmi les économies développées.
Le portefeuille acquis comprend 350 MW de projets BESS à un stade avancé, dont la construction devrait débuter au second semestre 2027 et qui devraient entrer en exploitation commerciale à partir du second semestre 2028. Le portefeuille comprend également 500 MW de projets BESS à un stade précoce, offrant un pipeline de croissance solide sur plusieurs années qui positionne Energy Vault pour un leadership à long terme sur le marché japonais du stockage d’énergie.
Cette acquisition établit la présence immédiate d’Energy Vault au Japon, tirant directement parti d’un marché particulièrement attractif, porté par des contraintes croissantes sur le réseau, une pénétration rapide des énergies renouvelables et un TCAC prévu de plus de 50 % pour la capacité BESS. Un élément essentiel de cette stratégie d’entrée sur le marché est l’intégration de l’équipe de développement locale au sein d’Energy Vault, garantissant ainsi une expertise de terrain inestimable en matière de droits fonciers japonais, de procédures d’autorisation complexes et d’interconnexions avec les réseaux publics. En combinant cette expertise locale en matière de développement et cette capacité d’exécution avec notre expertise mondiale en matière d’intégration, de chaîne d’approvisionnement et de propriété d’actifs, Energy Vault est idéalement positionnée pour soutenir les objectifs de neutralité carbone du Japon à l’horizon 2050, tout en générant des rendements diversifiés sur les marchés très attractifs de l’arbitrage de gros, de la capacité et de l’équilibrage du pays.
« L’entrée sur le marché japonais est un élément clé de notre stratégie d’expansion sur les marchés à forte croissance et représente l’une des opportunités de croissance les plus prometteuses au niveau mondial dans le domaine du stockage d’énergie », déclare Robert Piconi, président-directeur général d’Energy Vault. « Cette acquisition nous confère une position de leader fondamentale au Japon, avec des projets IPP de stockage à un stade avancé et attractifs, associés aux capacités d’exécution locales essentielles nécessaires pour atteindre les plus hauts niveaux de performance sur le marché japonais des systèmes de stockage d’énergie par batterie (BESS). En combinant notre logiciel propriétaire de gestion de l’énergie VaultOS™ et notre chaîne d’approvisionnement mondiale avec une équipe locale éprouvée, nous sommes idéalement positionnés pour accélérer le déploiement de la capacité flexible dont le réseau japonais a un besoin urgent. De plus, nous comptons tirer parti de nos nouvelles solutions dans les segments à forte croissance de l’IA (AI Compute) pour multiplier encore les opportunités de croissance sur ce marché, afin de générer des flux de revenus prévisibles, à forte marge et à long terme, dépassant nos objectifs de croissance précédemment annoncés. »
Le marché japonais de l’énergie connaît actuellement une mutation structurelle fondamentale vers le « revenue stacking », où les actifs BESS sont de plus en plus sollicités pour générer des rendements diversifiés issus de l’arbitrage de gros, des marchés de capacité et des services d’équilibrage critiques afin d’assurer la stabilité du réseau. Pour répondre à ces dynamiques de marché spécifiques, qui exigent une densité énergétique exceptionnellement élevée et des profils de sécurité rigoureux, Energy Vault entend tirer parti de son approche indépendante de toute technologie. Cela inclut le déploiement de sa plateforme technologique B-VAULT™ AC et l’intégration de chimies alternatives, en s’appuyant sur le partenariat récemment annoncé par la société avec Peak Energy pour commercialiser la technologie de batterie sodium-ion de nouvelle génération.
« Bien qu’il s’agisse d’une économie hautement développée, le marché japonais du stockage d’énergie reste largement sous-exploité et entre désormais dans une période de croissance accélérée, portée par l’expansion des énergies renouvelables et les contraintes structurelles du réseau. Il est important de noter que la demande de stockage au Japon n’est pas liée à la croissance de la charge, mais au besoin croissant de flexibilité, de résilience et de stabilité du système, ce qui crée un puissant vent favorable à la croissance à long terme pour notre large portefeuille de solutions », ajoute M. Piconi.
La plateforme d’Energy Vault crée une chaîne de valeur entièrement intégrée couvrant l’ensemble du cycle de vie des infrastructures, du développement initial à l’exploitation à long terme, ce qui permet à la société de générer des flux de trésorerie stables et récurrents à partir de ses actifs propres. En assurant elle-même les fonctions essentielles telles que l’ingénierie, l’approvisionnement, la construction et les contrats de services continus, Energy Vault génère des sources de revenus diversifiées tout en conservant une flexibilité stratégique pour déployer ses capitaux là où ils offrent les meilleurs rendements.
Le portefeuille mondial actif d’actifs détenus par Energy Vault comprend désormais plus de 1 GW d’infrastructures énergétiques critiques et d’infrastructures informatiques numériques basées sur l’IA, en service ou en construction, y compris les extensions récemment annoncées des centres de données modulaires « powered land » et « powered shell » sur le marché américain. Ces actifs annoncés à ce jour devraient générer plus de 180 millions de dollars de flux de BAIIDA annuels et récurrents une fois qu’ils seront entièrement construits et opérationnels dans les 12 à 36 prochains mois, bien en avance sur nos prévisions précédentes.
À propos d’Energy Vault
Energy Vault® développe, déploie et exploite des solutions de stockage d’énergie à l’échelle industrielle conçues pour transformer l’approche mondiale du stockage d’énergie durable. L’offre complète de la société comprend des technologies propriétaires de stockage d’énergie par batterie, par gravité et par hydrogène vert, qui répondent à une grande variété de cas d’utilisation chez les clients et permettent une gestion et une optimisation sûres et fiables des systèmes énergétiques. Chaque solution de stockage est prise en charge par le logiciel et la plateforme d’intégration du système de gestion de l’énergie indépendant de la technologie de la société. Unique dans le secteur, le portefeuille de technologies innovantes d’Energy Vault propose des solutions de stockage d’énergie sur mesure à court terme, long terme et multi-jours/ultra long terme pour aider les services publics, les producteurs d’électricité indépendants et les grands consommateurs industriels à réduire considérablement leurs coûts énergétiques actualisés tout en maintenant la fiabilité de l’approvisionnement. Depuis 2024, Energy Vault met en œuvre une stratégie de gestion d’actifs « Own & Operate » conçue pour générer des flux de revenus prévisibles, récurrents et à forte marge, positionnant ainsi la société pour une croissance continue sur le marché en pleine évolution des infrastructures d’actifs de stockage d’énergie. Rendez-vous sur www.energyvault.com pour plus d’informations.
Déclarations prospectives
Le présent communiqué de presse contient des déclarations prospectives qui reflètent les opinions actuelles de la société concernant, entre autres, ses activités et ses performances financières, y compris les projections de revenus et de rentabilité futures, l’intégration réussie du pipeline japonais dans notre portefeuille, notre capacité à construire et à exploiter des projets au Japon, notre capacité à obtenir un financement économique pour le développement de notre pipeline japonais, les marges réalisables sur notre pipeline japonais et les hypothèses relatives au marché japonais des services publics. Les déclarations prospectives incluent des informations relatives à des résultats d’exploitation futurs possibles ou supposés, y compris des descriptions de notre plan d’affaires et de nos stratégies. Ces déclarations incluent souvent des termes tels qu’« anticiper », « s’attendre à », « suggérer », « planifier », « croire », « avoir l’intention de », « projeter », « prévoir », « estimations », « objectifs », « projections », « devrait », « pourrait », « serait », « peut », « pourrait », « sera » et d’autres expressions similaires. Nous fondons ces déclarations ou projections prospectives sur nos attentes, plans et hypothèses actuels, que nous avons formulés à la lumière de notre expérience dans notre secteur, ainsi que sur nos perceptions des tendances historiques, des conditions actuelles, des évolutions futures attendues et d’autres facteurs que nous jugeons appropriés dans les circonstances du moment. Ces déclarations prospectives sont fondées sur nos convictions, nos hypothèses et nos attentes en matière de performances futures, compte tenu des informations dont nous disposons actuellement. Ces déclarations prospectives ne sont que des prédictions basées sur nos attentes et nos projections actuelles concernant des événements futurs. Ces déclarations prospectives comportent des risques et des incertitudes importants qui pourraient faire en sorte que nos résultats, notre niveau d’activité, nos performances ou nos réalisations réels diffèrent sensiblement des résultats, du niveau d’activité, des performances ou des réalisations exprimés ou sous-entendus dans les déclarations prospectives, notamment l’incapacité à conclure des accords définitifs, l’incapacité à obtenir un financement ou à obtenir un financement à des conditions attractives, les changements dans notre stratégie, nos plans d’expansion, nos opportunités clients, nos opérations futures, notre situation financière future, nos revenus et pertes estimés, nos coûts prévisionnels, nos perspectives et nos plans ; l’incertitude quant à nos adjudications, nos commandes, notre carnet de commandes, le calendrier d’obtention des permis et le pipeline développé, qui correspondent à des revenus futurs ; l’absence de garantie que les lettres d’intention non contraignantes et autres manifestations d’intérêt puissent déboucher sur des commandes ou des ventes fermes ; la possibilité que nos produits soient ou soient présumés défectueux ou subissent d’autres défaillances ; la mise en œuvre, l’acceptation par le marché et le succès de notre modèle d’affaires et de notre stratégie de croissance ; notre capacité à développer et à maintenir notre marque et notre réputation ; les développements et projections relatifs à notre activité, à nos concurrents et à notre secteur ; la capacité de nos fournisseurs à livrer en temps opportun les composants ou matières premières nécessaires à la construction de nos systèmes de stockage d’énergie ; l’impact des épidémies sanitaires sur notre activité et les mesures que nous pourrions prendre en réponse à celles-ci ; nos attentes concernant notre capacité à obtenir et à maintenir la protection de la propriété intellectuelle et à ne pas enfreindre les droits d’autrui ; nos besoins futurs en capitaux ainsi que les sources et les utilisations de trésorerie ; la nature internationale de nos activités et l’impact d’une guerre ou d’autres hostilités sur notre activité et les marchés mondiaux ; notre capacité à obtenir des financements pour nos opérations et notre croissance future ; notre activité, nos projets d’expansion et nos opportunités, ainsi que d’autres facteurs importants évoqués sous la rubrique « Facteurs de risque » de notre rapport annuel sur formulaire 10-K pour l’exercice clos le 31 décembre 2025, déposé auprès de la SEC le 18 mars 2026, ces facteurs pouvant être mis à jour de temps à autre dans d’autres documents déposés auprès de la SEC, accessibles sur le site web de la SEC à l’adresse www.sec.gov. De nouveaux risques apparaissent de temps à autre et il n’est pas possible pour notre direction de prévoir tous les risques ni d’évaluer l’impact de tous les facteurs sur nos activités ou la mesure dans laquelle un facteur, ou une combinaison de facteurs, peut entraîner une différence matérielle entre les résultats réels et ceux contenus dans les déclarations prospectives que nous pouvons faire. Toute déclaration prospective faite par nous dans le présent communiqué de presse n’est valable qu’à la date du présent communiqué de presse et est expressément qualifiée dans son intégralité par les mises en garde incluses dans le présent communiqué de presse. Nous ne nous engageons pas à mettre à jour ou à réviser publiquement les déclarations prospectives, que ce soit à la suite de nouvelles informations, de développements futurs ou autres, sauf si les lois applicables l’exigent. Vous ne devez pas vous fier indûment à nos déclarations prévisionnelles.
Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.
Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260409095813/fr/
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Original: Energy Vault fait son entrée sur le marché japonais avec l’acquisition d’un portefeuille de stockage d’énergie de 850 MW, s’apprêtant à conquérir l’un des marchés du stockage d’énergie qui connaît la croissance la plus rapide au monde
US Market News
4月前
Energy Vault Announces Acquisition of 175 MW Battery Energy Storage System Project in TexasMarch 24, 2026 8:30 AM
Business Wire
McMurtre BESS Project acquired from Belltown Power, advancing Energy Vault's 1,500 MW BESS deployment roadmap and strengthening its three-asset-class portfolio strategy across battery energy storage, powered land, and powered shells
175 MW / 350 MWh project strategically selected in the ERCOT North market near Dallas — a premier high-growth power market with exceptional revenue projections — with NTP expected Q4 2026 and commercial operation targeted for December 2027
Project expected to deliver $15–$20 million in annual revenues over its technical life, representing $350–$375 million+ in total expected lifetime revenues
Acquisition brings total MW’s for owned assets acquired, under construction and in operation within the Asset Vault platform to 715 MW across all asset classes
Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the "Company"), a global leader in grid-scale energy storage solutions, today announced the acquisition of the McMurtre Battery Energy Storage System (BESS), a 175 MW / 350 MWh battery energy storage project located near Dallas, Texas. The project, acquired from Belltown Power, represents a significant addition to Energy Vault's growing U.S. energy storage portfolio and marks a further milestone in the Company's previously announced plan to deploy an initial 1,500 MW of BESS capacity — a target first outlined at Energy Vault's 2025 Investor and Analyst Day. Energy Vault intends to contribute the project to its Asset Vault investment platform upon the project achieving Ready-to-Build (RTB) status.
The 175 MW / 350 MWh McMurtre BESS is located in the ERCOT North market, one of the most active and high-growth power markets in the United States with strong demand for grid stability. Energy Vault carefully selected this point of interconnection for its exceptional revenue projections and strategic fit within ERCOT North — a market characterized by strong power price dynamics, robust grid infrastructure investment, and proximity to rapidly expanding data center demand near Dallas. The project is expected to receive Notice to Proceed (NTP) in Q4 2026, with commercial operation targeted for December 2027. The McMurtre BESS features an executed Small Generator Interconnection Agreement (SGIA) and full site control, providing a clear and de-risked path to construction. Multiple investment-grade offtake structures are currently under consideration, consistent with Energy Vault's strategy of securing bankable, front-loaded revenue streams across its portfolio.
The McMurtre acquisition reflects Energy Vault's disciplined approach to identifying high-quality BESS development assets for contribution to the Asset Vault platform, Energy Vault's fully consolidated subsidiary dedicated to developing, building, owning and operating energy storage assets globally. The project is expected to deliver $15–$20 million in average annual revenues over its technical life, representing $350–$375 million+ in total lifetime revenues with predictable, recurring high-margin cash streams. The Company's $300 million preferred equity investment commitment provides “ready capital” enabling over $1 billion in project capex and a large funding foundation to support projects like McMurtre as they progress toward RTB and into construction.
"The McMurtre BESS is a prime example of the high-quality, strategic assets we are focused on building within our portfolio," said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault. "With an executed SGIA, full site control, and strong positioning in the ERCOT North market near Dallas, McMurtre has the fundamental attributes our Asset Vault platform was designed to own and operate over the long term. This acquisition advances our near term 1,500 MW BESS deployment roadmap and reflects the power of our three-asset-class strategy — where BESS assets like McMurtre form the energy foundation that enables our powered land and powered shell offerings to create truly differentiated, integrated infrastructure for our customers and partners.”
Piconi continued: “Speed of capital deployment to accelerate ‘time to power’ is fundamental in this market, and this acquisition is another example of the swift execution prowess we continue to demonstrate as a company. It further reinforces Energy Vault's strategy to build, own, and operate critical energy infrastructure in key regions globally — from the United States, where the Company is now developing a growing portfolio of BESS, powered land, and powered shell assets supporting critical AI compute infrastructure, to Australia, where Energy Vault has contracted 225 MW of eight-hour long duration storage across its Stoney Creek and Ebor projects in New South Wales,” added Piconi. “The Company's deliberate geographic and asset-class diversification is designed to deliver resilient and high margin long-duration revenue streams while positioning Energy Vault as a premier digital infrastructure partner in the world's most strategically important energy markets.”
The McMurtre acquisition is also a meaningful expression of Energy Vault's broader portfolio strategy. The Company deliberately structured its Asset Vault platform around three complementary and synergistic asset classes — ownership of battery energy storage systems coupled with the high growth AI Compute segments of “powered land” and “powered shells” — that together provide asset portfolio diversification and create compounding value across the energy infrastructure lifecycle. BESS assets serve as the foundational layer of this strategy: they are the energy backbone that enables powered shell deployments, as demonstrated by the Company's recently announced partnership with Crusoe Energy Systems, under which Energy Vault will deploy modular data center infrastructure close to BESS assets. McMurtre strengthens this foundation and advances Energy Vault's ambition to be the leading provider of critical, sustainable energy infrastructure powering the AI-driven transformation of the global economy.
The McMurtre BESS will leverage Energy Vault's B-VAULT™ AC Technology Platform 3, the Company's latest battery energy storage product, designed to enable rapid and cost-effective deployment while delivering high system availability in the ERCOT region. The Company's global B-VAULT™ portfolio now exceeds 3 GWh of deployed or contracted systems, spanning Europe, North America, and Australia, and is complemented by Energy Vault's gravity, hydrogen, and sodium-ion storage platforms for multi-duration energy applications.
Asset Vault establishes a vertically integrated ecosystem that captures value across the entire energy storage lifecycle, pairing Energy Vault's technical expertise with long-term asset ownership to generate predictable, recurring cash flows. Under Asset Vault, Energy Vault self-performs engineering, procurement and construction (EPC), and long-term service agreements for projects, generating multiple revenue channels while preserving the flexibility to optimize returns through strategic capital deployment. Current projects managed or being developed for contribution under the Asset Vault platform include the 150 MW / 300 MWh SOSA Energy Center in Texas, the 57 MW / 114 MWh Cross Trails BESS in Texas, the 8.5 MW / 293 MWh Calistoga Resiliency Center in California, the 125 MW / 1.0 GWh Stoney Creek BESS in New South Wales, Australia, and the 100 MW / 870 MWh Ebor BESS in New South Wales, Australia.
About Energy Vault
Energy Vault® develops, deploys and operates utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary battery, gravity, green hydrogen, and sodium-ion energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company's technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault's innovative technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Since 2024, Energy Vault has executed an "Own & Operate" asset management strategy developed to generate predictable, recurring and high margin tolling revenue streams, positioning the Company for continued growth in the rapidly evolving energy storage asset infrastructure market. Please visit www.energyvault.com for more information.
About Belltown Power
Belltown Power specializes in greenfield development of solar PV, wind, energy storage projects and data center powered land, starting with site identification and navigating interconnection, real estate, permitting, environmental, tax, and all other development items to bring these projects to fruition. The Belltown Power team’s strong track record, having transacted on over 12GW of projects over the past 10 years, follows a thoughtful and disciplined approach to development, leveraging its excellent technical expertise and industry relationships to deliver quality projects from greenfield through to operations. For more information visit https://belltownpower.com.
Forward-Looking Statements
This press release includes forward-looking statements that reflect the Company's current views with respect to, among other things, the Company's operations and financial performance, including future revenue and profitability projections, the anticipated contribution of the McMurtre project to the Asset Vault platform, the availability of future draws under the preferred stock commitment to Asset Vault, the timeline to deploy Asset Vault capital, the structure of Asset Vault, and the cost per kilowatt hour achievable by Energy Vault. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as "anticipate," "expect," "suggest," "plan," "believe," "intend," "project," "forecast," "estimates," "targets," "projections," "should," "could," "would," "may," "might," "will" and other similar expressions. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results expressed or implied by the forward-looking statements, including the failure to execute definitive agreements or meet conditions for future funding draws, changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainty of our awards, bookings, backlog, timing of permits and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; and other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release speaks only as of the date of this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260324489830/en/
Media: media@energyvault.com
Investors: energyvaultIR@icrinc.com
Original: Energy Vault Announces Acquisition of 175 MW Battery Energy Storage System Project in Texas
US Market News
4月前
Energy Vault Reports Q4 and Full Year 2025 Financial ResultsMarch 17, 2026 4:05 PM
Business Wire
Q4 2025 contract revenue backlog soared to a record $1.3 billion, up 42% sequentially from Q3 2025 and up over 300% from the prior year
2025 Revenue of $203.7 million grew 340%+ compared to the prior year (within the original 2025 guidance range)
2025 GAAP gross profit reached $48.0 million up nearly 8x versus the prior year, resulting in 2025 gross margin of 23.6% versus 13.4% the prior year (and well above the original 2025 guidance range)
Q4 2025 Adjusted EBITDA improved by $23.2 million versus prior year, delivering a positive $9.8 million versus a loss of $13.4 million in the prior year
Q4 2025 Adjusted Net Income turned positive to $3.7 million versus a loss of $25.0 million in the prior year period
Q4 2025 GAAP Net Loss of $20.7 million improved by $41.1 million from a loss of $61.8 million in the prior year
Cash as of December 31, 2025 climbed to $103.4 million, up 67% sequentially from Q3-25 and up over 300% versus prior year, (above the original guidance range)
Total Megawatts (MW) now contracted, in operation and under construction accelerated from 65 MW to 540 MW in the last 12 months across Asset Vault and the new AI Digital Infrastructure portfolio, accelerating our path to the first $150 million in annualized EBITDA as these contracted projects come online over the next 18-36 months
Estimating full year 2026 revenue of $225-300 million (for ~30% growth year-over-year at the midpoint), in addition another $75-100 million in internal Asset Vault project builds; Estimating full year 2026 gross margin of 15-25% and Year-end cash of $150-200 million
Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, today announced financial results for the fourth quarter and year ended December 31, 2025.
“2025 marked a pivotal year of focused execution by our employees of our strategy and to our customers, in what started as one of the most volatile and challenging years that we faced as a company. Through a strong second half revenue ramp and project execution resulting in positive adjusted EBITDA in Q4, we significantly strengthened our balance sheet to support our Asset Vault and AI Digital Infrastructure growth initiatives while continuing to aggressively acquire ‘megawatts’ of projects within those sectors now totaling 540 MW from just 65 MW one year ago,” said Robert Piconi, Chairman of the Board and CEO of Energy Vault. “During the year we advanced our Asset Vault strategy with new projects entering construction and operation, expanded our long-duration storage footprint in Australia and entered the rapidly growing AI infrastructure market through strategic partnerships with Crusoe and Peak Energy. We also secured rights to ~500 acres of powered land in the US Southwest and are in discussions with leading neo-cloud providers and hyperscalers to deliver turnkey AI digital infrastructure. These milestones reinforce our strategy to deliver, own and operate mission-critical energy infrastructure supporting renewable generation, grid resiliency and the accelerating energy demands of AI computing.”
“While we more than tripled our total cash balance to over $100 million and now guiding FY 2026 to $150 to $200 million, we also strengthened our financial foundation through several strategic financing initiatives, including the previously announced $300 million preferred equity fund supporting Asset Vault projects and the recently announced $150 million convertible notes offering, which enhances our liquidity and financial flexibility to accelerate our entry into the AI digital infrastructure sector. Together, these efforts position Energy Vault to scale recurring, highly profitable infrastructure revenues and deliver predictable and long-term value creation for shareholders.”
Fourth Quarter and Full Year 2025 Financial Highlights
Contract revenue backlog as of December 31, 2025, grew significantly to $1.3 billion, up 3x versus the prior year and up 42% sequentially versus September 30, 2025. The backlog increase reflects strong growth in long term energy storage service agreements for Asset Vault “own and operate” projects in Australia and the U.S.
Q4 2025 revenue of $153.3 million was up significantly from $33.5 million in the prior-year period, driven by project execution in Australia and the U.S. and initial contributions from Asset Vault projects, including Calistoga and Cross Trails.
2025 revenue of $203.7 million improved over 340% versus $46.2 million the prior year (within the original 2025 revenue guidance range), driven by increased battery energy storage project deliveries in Australia and the U.S. and the commencement of operations from the initial own and operate Asset Vault projects.
Q4 2025 GAAP gross profit of $31.6 million improved significantly from $2.6 million in the prior year period driven by volume, project cost reduction and stronger overall unit economics; Q4 2025 GAAP gross margin was 20.6% versus 7.8% in the prior year period.
2025 GAAP gross profit of $48.0 million improved nearly 8x versus the prior year, driven by increased revenue, more efficient project execution at reduced cost per unit and favorable business mix, resulting in 2025 gross margin of 23.6%, up over 10 percentage points versus 13.4% in the prior year.
Q4 2025 GAAP Net Loss of $20.7 million improved by $41.1 million from a loss of $61.8 million in the prior year period.
2025 GAAP Net Loss of $103.6 million improved by $32.2 million from a loss of $135.8 million the prior year.
Q4 2025 Adjusted EBITDA turned positive to $9.8 million, up from a loss of $13.4 million in the prior year period, driven by higher revenue, stronger unit economics and gross profit.
2025 Adjusted EBITDA improved to a loss of $21.2 million, from a loss of $58.0 million in the prior year, driven by higher revenue, stronger gross margins from lower cost per unit project execution and lower operating expenses.
Q4 2025 Adjusted Net Income also turned positive to $3.7 million versus a loss of $25.0 million in the prior year period.
2025 Adjusted Net Income improved to a loss of $42.1 million from a loss of $65.4 million the prior year.
Total cash (including restricted cash) as of December 31, 2025, was $103.4 million, up over 3x versus the prior year and up 67% sequentially from Q3 2025, and above the previously issued guidance range.
In February 2026, Energy Vault completed a $150 million 5.250% Senior Convertible Notes offering due 2031 (gross, upsized from $125 million), with a portion of the proceeds used to implement a capped call (for an implied conversion price of $8.12/share) and repayment of $45 million in existing higher-cost principal debt.
Operating and Other Recent Highlights
In February 2026, entered into a strategic framework with Crusoe for the phased deployment of Crusoe Spark modular data centers at Energy Vault’s technology center in Snyder, Texas. The initial program is scalable up to 25 MW of total load to be operated inside Crusoe’s proprietary Spark modular AI factory product, with planned deployments expected in 2026.
In February 2026, Energy Vault’s Australian development partner, Bridge Energy, was awarded a 14-year Long-Term Energy Service Agreement (LTESA) by AusEnergy Services for the EBOR Battery Energy Storage System project in New South Wales, Australia. The 100 MW / 870 MWh project is expected to provide eight hours of dispatchable capacity and is expected to commence operations in 2028, subject to obtaining necessary contractual and regulatory approvals. Energy Vault holds an exclusive option to acquire and construct the project, which will utilize its proprietary B-VAULT technology and EMS, and will be owned and operated under the Company’s Asset Vault platform.
In February 2026, announced a definitive supply agreement with Peak Energy, securing 1.5 gigawatt-hours of Peak Energy’s U.S. manufactured sodium-ion battery systems and secured exclusive regional channel rights for Peak Energy’s technology in the APAC region.
Closed $300 million preferred equity agreement with OIC for the launch of new Own & Operate business called ‘Asset Vault’; expected to contribute $100-150 million in recurring Adjusted EBITDA by year-end 2029. Fund 1 now targets more than 1.5 GW of high-quality storage projects across high-growth markets in the U.S., Australia, and Europe.
Completed acquisition of the 150 MW / 300 MWh SOSA Battery Energy Storage System (BESS) Project in Texas, marking the fourth project in the Asset Vault portfolio.
Placed 8.5 MW / 293 MWh Calistoga Resiliency Center and 57 MW / 114 MWh Cross Trails in service, collectively expected to contribute annualized Adjusted EBITDA of $10 million.
Announced agreement with EU Green Energy to deploy up to 1.8 GWh of BESS over the next four years, with a 400 MWh project in Albania, subject to final legislative approval.
Demonstrated sustainability leadership once again, earning a 2025 Corporate Sustainability Assessment score of 74/100 from S&P Global Sustainable and placing us in the 98th percentile of the Machinery and Electrical Equipment industry.
Total megawatts now contracted, in operation and under construction grew from 65 MW to 540 MW in the last 12 months across Asset Vault and new AI Digital Infrastructure portfolio, and are expected to yield $150 million in annualized EBITDA, as projects come online over the next 18-36 months.
Business Outlook
Estimating full year 2026 revenue of $225-300 million (for ~30% growth year-over-year at the midpoint), reflecting the timing of U.S. battery deliveries, third-party project timelines and full-year revenue from operating assets within Asset Vault and initial contribution from modular data center/AI infrastructure projects.
Expecting to complete project financing for the 150 MW / 300 MWh SOSA project during 2Q 2026 and the 125 MW / 1 GWh Stoney Creek project in 2H 2026. Estimating $75-100 million in full year 2026 internal project integration work related to the Asset Vault ‘Own & Operate’ portfolio, which is expected to yield a ~15% cash margin along with the capitalization of associated labor. This contribution will not appear in either consolidated GAAP Revenue or Gross Margin given the consolidation of majority owned projects, but is expected to generate positive cash flow in excess of Energy Vault’s equity investment.
Estimating full year 2026 gross margin of 15-25% (versus 23.6% reported for full year 2025).
Targeting $150-200 million in total cash at the end of 2026, including net proceeds associated with our recently issued convertible notes, project level financing and self-performed integration work associated with Asset Vault projects under construction (namely the 150 MW SOSA project in the U.S. and 12 5MW Stoney Creek project in Australia), approximately $40 million in net ITC proceeds, customer receivables and other growth initiatives.
Within Asset Vault, and including the recently awarded 100 MW / 870 MWh EBOR project where the company maintains the exclusive option to acquire (representing the fifth project under Asset Vault), we now has a line of sight to approximately ~$60 million in recurring Adjusted EBITDA, accelerating to $100-150 million in recurring Adjusted EBITDA by year end 2029.
Conference Call Information
Energy Vault will host a conference call today, March 17, 2026 at 4:30 PM ET to discuss the results, followed by a Q&A session. A live webcast of the call can be accessed at https://investors.energyvault.com/events-and-presentations/events. 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 31, 2026. Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671 and enter access code 13758451. An archived replay of the call will also be available on the investors portion of the Energy Vault website at https://investors.energyvault.com/.
About Energy Vault
Energy Vault® develops, deploys and operates utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company’s technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Since 2024, Energy Vault has executed an “Own & Operate” asset management strategy developed to generate predictable, recurring and high margin tolling revenue streams, positioning the Company for continued growth in the rapidly evolving energy storage asset infrastructure market. Please visit www.energyvault.com for more information.
Non-GAAP measures
Energy Vault has provided a reconciliation of net loss to adjusted EBITDA and adjusted Net Income, with GAAP Net Income being the most directly comparable GAAP measure, for the historical periods in this press release. Energy Vault has also provided a reconciliation of reported S&M, R&D and G&A expenses to adjusted S&M expenses, adjusted R&D expenses, and adjusted G&A expenses, respectively, and a reconciliation of reported operating expenses to adjusted operating expenses for the historical periods in this press release. A reconciliation of projected non-GAAP measures has not been provided because certain information necessary to calculate such measures on a GAAP basis is not available without unreasonable efforts or dependent on the timing of future events outside of our control. Therefore, because of the uncertainty and variability of the nature of the amount of future adjustments, which could be significant, the Company is unable to provide a reconciliation for these forward-looking non-GAAP measures without unreasonable effort.
Developed pipeline represents uncontracted potential revenue from third-party projects where potential prospective customers have either awarded the Company a project or shortlisted the Company for consideration. It also includes potential tolling revenue from projects where the Company is in advanced negotiations to build, own, and operate energy storage systems. Developed pipeline is an internal management metric that we construct using information from our global sales team and is monitored by management to understand the potential anticipated growth of our Company and to estimate potential future revenue. Developed pipeline is influenced by the prevailing foreign exchange rates and equipment prices and may vary from period to period if these inputs change.
Backlog represents contracted but unrecognized revenue from third-party projects and services yet to be completed, unrecognized revenue or other income from IP licensing agreements, and unrecognized revenue from tolling arrangements for projects operated by Energy Vault or affiliates. Backlog includes any potential future variable payments from tolling and offtake arrangements that the Company believes is probable of being realized. Probable future variable payments are forecasted by an independent third-party firm using simulation software that factors in current and projected energy market dynamics, historical and forecasted volatility, and location specific data. The Company considers the low-end simulation results to be probable. Potential future IP royalties are not included in backlog. Backlog is a common measurement used in our industry. Our methodology for determining backlog may not, however, be comparable to the methodologies used by others.
Forward-Looking Statements
This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “contemplate,” “continue,” “suggest,” “plan,” “potential,” “predict,” “believe,” “intend,” “project,” “forecast,” “estimate,” “target,” “project,” “projections,” “should,” “target,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, expected monetization of tax credits, expected financings, projected costs, prospects and plans; the uncertainly of our awards, bookings, backlog and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding financings, orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the impact of macroeconomic uncertainty, including with respect to uncertainty about the future relationship between the United States and other countries with respect to trade policies, taxes, government regulations, and tariffs; investment in development projects that may not achieve commercial operations in our predicted timeframe or at all; our efforts to diversify our supply chain to lessen the impact of tariffs; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities, including our expectation that our first two-owned projects will begin generating revenue in 2025, and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on April 1, 2025, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.
ENERGY VAULT HOLDINGS, INC.
Condensed Consolidated Balance Sheets
(Unaudited)
(In thousands except par value)
?
December 31,
2025
December 31,
2024
Assets
?
?
?
Current Assets
?
?
?
Cash and cash equivalents
$
58,260
$
27,091
Restricted cash, current portion
4,717
990
Accounts receivable, net
25,938
14,565
Contract assets, net
20,631
6,798
Inventory
139
107
Customer financing receivable, current portion, net
—
2,148
Advances to suppliers
6,318
10,678
Prepaid expenses and other current assets
5,067
6,528
Total current assets
121,070
68,905
Property and equipment, net
96,064
99,493
Intangible assets, net
8,277
4,538
Operating lease right-of-use assets
2,242
1,206
Customer financing receivable, long-term portion, net
—
3,329
Investments, long-term portion
3,366
3,270
Restricted cash, long-term portion
40,466
1,992
Deferred income taxes
40,508
—
Other assets
883
1,156
Total Assets
$
312,876
$
183,889
Liabilities and Stockholders’ Equity
Current Liabilities
?
?
Accounts payable
$
30,838
$
20,250
Accrued expenses
70,389
24,968
Debt, current portion
56,628
—
Contract liabilities
6,610
8,938
Other current liabilities
552
499
Total current liabilities
165,017
54,655
Long-term debt
37,970
—
Warrant liabilities
15,050
2
Deferred pension obligation
1,837
2,044
Other long-term liabilities
4,386
932
Total liabilities
224,260
57,633
Mezzanine Equity
Redeemable non-controlling interest
21,156
—
Stockholders’ Equity
Preferred stock, $0.0001 par value; 5,000 shares authorized, none issued
—
—
Common stock, $0.0001 par value; 500,000 shares authorized, 168,969 and 153,206 issued and outstanding at December 31, 2025 and 2024, respectively
17
15
Additional paid-in capital
555,873
512,022
Accumulated deficit
(487,433
)
(383,822
)
Accumulated other comprehensive loss
(966
)
(1,896
)
Non-controlling interest
(31
)
(63
)
Total stockholders’ equity
67,460
126,256
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity
$
312,876
$
183,889
ENERGY VAULT HOLDINGS, INC.
Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited)
(In thousands except per share data)
?
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
Revenue
$
153,306
$
33,471
$
203,671
$
46,199
Cost of revenue
121,718
30,884
155,681
40,012
Gross profit
31,588
2,587
47,990
6,187
Operating expenses:
Sales and marketing
3,182
2,461
13,698
15,839
Research and development
3,375
6,378
14,635
25,999
General and administrative
24,758
16,373
81,180
62,971
Provision for credit losses
5,657
27,766
9,409
29,980
Depreciation, amortization, and accretion (excluding amounts included in cost of revenue)
2,359
233
3,435
1,058
Loss (gain) on impairment and sale of long-lived assets
—
(215
)
—
336
Total operating expenses
39,331
52,996
122,357
136,183
Loss from operations
(7,743
)
(50,409
)
(74,367
)
(129,996
)
Other income (expense):
Interest expense
(3,072
)
(34
)
(8,464
)
(123
)
Interest income
269
526
1,100
5,537
Change in fair value of financial instruments carried at fair value
(8,179
)
(205
)
(8,179
)
(1,025
)
Impairment of equity securities
—
(11,730
)
—
(11,730
)
Other income (expense), net
(2,236
)
60
(5,985
)
1,591
Loss before income taxes
(20,961
)
(61,792
)
(95,895
)
(135,746
)
Provision for (benefit from) income taxes
(228
)
67
7,763
67
Net loss
(20,733
)
(61,859
)
(103,658
)
(135,813
)
Net loss attributable to non-controlling interest
(2
)
(29
)
(47
)
(63
)
Net loss attributable to Energy Vault Holdings, Inc.
$
(20,731
)
$
(61,830
)
$
(103,611
)
$
(135,750
)
Net loss per share attributable to common stockholders —?basic and diluted
$
(0.13
)
$
(0.43
)
$
(0.65
)
$
(0.91
)
Weighted average shares outstanding —?basic and diluted
167,981
145,299
160,533
149,846
Other comprehensive income (loss)?—?net of tax
?
Actuarial gain (loss) on pension
$
546
$
(225
)
$
667
$
(640
)
Foreign currency translation gain (loss)
354
(81
)
263
165
Total other comprehensive income (loss) attributable to Energy Vault Holdings, Inc.
900
(306
)
930
(475
)
Total comprehensive loss attributable to Energy Vault Holdings, Inc.
$
(19,831
)
$
(62,136
)
$
(102,681
)
$
(136,225
)
ENERGY VAULT HOLDINGS, INC.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(In thousands)
?
Year Ended December 31,
2025
2024
Cash Flows From Operating Activities
?
?
?
Net loss
$
(103,658
)
$
(135,813
)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, amortization, and accretion
5,727
1,058
Non-cash debt and financing costs
3,185
—
Loss on debt extinguishment
1,532
—
Non-cash interest income
(364
)
(1,447
)
Stock-based compensation
36,713
38,709
Loss on impairment and sale of long-lived assets
—
336
Provision for credit losses
9,409
29,980
Gain on contribution to equity method investment
(65
)
—
Impairment of equity securities
—
11,730
Change in fair value of financial instruments carried at fair value
8,179
1,025
Non-cash expenses related to equity purchase agreement
1,857
—
Deferred income taxes
7,149
—
Foreign exchange losses
1,124
300
Change in operating assets
(33,341
)
63,308
Change in operating liabilities
56,904
(65,046
)
Net cash provided by (used in) operating activities
(5,649
)
(55,860
)
Cash Flows From Investing Activities
?
?
Purchase of property and equipment
(41,093
)
(58,853
)
Investment in note receivable
(2,142
)
(330
)
Purchase of intangible assets
(1,372
)
—
Proceeds from sale of property and equipment
—
447
Net cash used in investing activities
(44,607
)
(58,736
)
Cash Flows From Financing Activities
?
?
Proceeds from issuance of debt
151,300
—
Repayment of debt
(56,457
)
—
Payment of debt issuance costs
(9,604
)
—
Proceeds from insurance premium financings
2,586
2,745
Repayment of insurance premium financings
(2,904
)
(2,446
)
Proceeds from issuance of redeemable non-controlling interest
33,679
—
Payment of transaction costs related to redeemable non-controlling interest
(2,630
)
—
Proceeds from issuance of stock
6,849
—
Short-swing profit recovery
24
—
Proceeds from exercise of stock options
735
42
Payment of finance lease obligations
(104
)
(185
)
Payment of taxes related to net settlement of equity awards
(424
)
(408
)
Net cash provided by financing activities
123,050
(252
)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
576
(634
)
Net increase (decrease) in cash, cash equivalents, and restricted cash
73,370
(115,482
)
Cash, cash equivalents, and restricted cash ?–? beginning of the period
30,073
145,555
Cash, cash equivalents, and restricted cash –? end of the period
103,443
30,073
Less: Restricted cash at end of period
45,183
2,982
Cash and cash equivalents - end of period
$
58,260
$
27,091
ENERGY VAULT HOLDINGS, INC.
Condensed Consolidated Statements of Cash Flows (Continued)
(Unaudited)
(In thousands)
Year Ended December 31,
2025
2024
Supplemental Disclosures of Cash Flow Information:
?
?
Cash paid for income taxes
$
643
$
52
Cash paid for interest
3,396
123
Supplemental Disclosures of Non-Cash Investing and Financing Information:
Actuarial gain (loss) on pension
667
(640
)
Property and equipment financed through accounts payable and accrued expenses
—
6,400
Property and equipment acquired though deferred payment obligation
875
—
Assets acquired on finance lease
87
60
Initial value of warrant liabilities
11,250
—
Non-GAAP Financial Measures
To complement our condensed consolidated statements of operations, we use non-GAAP financial measures of adjusted selling and marketing (“S&M”) expenses, adjusted research and development (“R&D”) expenses, adjusted general and administrative (“G&A”) expenses, adjusted operating expenses, adjusted net loss, and adjusted EBITDA. Management believes that these non-GAAP financial measures complement our GAAP amounts and such measures are useful to securities analysts and investors to evaluate our ongoing results of operations when considered alongside our GAAP measures. The presentation of these non-GAAP measures is not meant to be considered in isolation or as an alternative to other measures of financial performance calculated in accordance with GAAP. These non-GAAP measures and their reconciliation to GAAP financial measures are shown below.
The following table provides a reconciliation from GAAP S&M expenses to non-GAAP adjusted S&M expenses (amounts in thousands, unaudited):
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
S&M expenses (GAAP)
$
3,182
$
2,461
$
13,698
$
15,839
Non-GAAP adjustment:
Stock-based compensation expense
853
871
3,868
6,162
Reorganization expenses
—
—
32
288
Adjusted S&M expenses (non-GAAP)
$
2,329
$
1,590
$
9,798
$
9,389
The following table provides a reconciliation from GAAP R&D expenses to non-GAAP adjusted R&D expenses (amounts in thousands, unaudited):
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
R&D expenses (GAAP)
$
3,375
$
6,378
$
14,635
$
25,999
Non-GAAP adjustments:
Stock-based compensation expense
1,225
2,166
5,284
8,693
Reorganization expenses
—
—
318
523
Adjusted R&D expenses (non-GAAP)
$
2,150
$
4,212
$
9,033
$
16,783
The following table provides a reconciliation from GAAP G&A expenses to non-GAAP adjusted G&A expenses (amounts in thousands, unaudited):
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
G&A expenses (GAAP)
$
24,758
$
16,373
$
81,180
$
62,971
Non-GAAP adjustments:
Stock-based compensation expense
6,224
6,236
27,561
23,854
Reorganization expenses
—
(147
)
812
748
Adjusted G&A expenses (non-GAAP)
$
18,534
$
10,284
$
52,807
$
38,369
The following table provides a reconciliation from GAAP operating expenses to non-GAAP operating expenses (amounts in thousands, unaudited):
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
Operating expenses (GAAP)
$
39,331
$
52,996
$
122,357
$
136,183
Non-GAAP adjustments:
Depreciation, amortization, and accretion (excluding amounts included in cost of revenue)
2,359
233
3,435
1,058
Stock-based compensation expense
8,302
9,273
36,713
38,709
Reorganization expenses
—
(127
)
1,162
1,559
Provision for credit losses
5,657
27,766
9,409
29,980
Loss (gain) on impairment and sale of long-lived assets
—
(215
)
—
336
Adjusted operating expenses (non-GAAP)
$
23,013
$
16,066
$
71,638
$
64,541
The following table provides a reconciliation from net loss attributable to Energy Vault Holdings, Inc and net loss per share attributable to Energy Vault Holdings, Inc - basic and diluted, to non-GAAP adjusted net loss and non-GAAP adjusted net loss per share attributable to Energy Vault Holdings, Inc - basic and diluted (amounts in thousands except per share data, unaudited):
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
Net loss attributable to Energy Vault Holdings, Inc. (GAAP)
$
(20,731
)
$
(61,830
)
$
(103,611
)
$
(135,750
)
Non-GAAP adjustments:
—
Stock-based compensation expense
8,302
9,273
36,713
38,709
Provision for credit losses
5,657
27,766
9,409
29,980
Loss on financial instruments carried at fair value
8,179
205
8,179
1,025
Expenses related to equity purchase agreement
—
—
2,072
—
Transaction cost expense related to redeemable non-controlling interest
1,872
—
1,872
—
Loss on debt extinguishment
120
—
1,532
—
Reorganization expenses
—
(127
)
1,162
1,559
Foreign exchange losses
392
(1
)
1,124
300
Gain on sale of R&D equipment
—
—
(426
)
—
Gain on contribution to equity method investment
(65
)
—
(65
)
—
Net loss attributable to non-controlling interest
(2
)
(29
)
(47
)
(63
)
Loss (gain) on impairment and sale of long-lived assets
—
(215
)
—
336
Gain on derecognition of contract liability
—
—
—
(1,500
)
Adjusted net income (loss) (non-GAAP)
$
3,724
$
(24,958
)
$
(42,086
)
$
(65,404
)
Net loss per share attributable to common stockholders —?basic and diluted (GAAP) (1)
$
(0.13
)
$
(0.43
)
$
(0.65
)
$
(0.91
)
Adjusted net income (loss) per share attributable to common stockholders. —?basic and diluted (non-GAAP) (1)
$
0.02
$
(0.17
)
$
(0.27
)
$
(0.44
)
Weighted average shares outstanding —?basic and diluted (GAAP)
167,981
145,299
160,533
149,846
Weighted average shares outstanding —?basic (non-GAAP)
167,981
145,299
160,533
149,846
Weighted average shares outstanding — diluted (non-GAAP)
169,613
145,299
160,533
149,846
__________________
(1) In calculating the per share amounts, net income (loss) attributable to common stockholders has been adjusted for $0.9 million of accretion related to the redeemable noncontrolling interest.
The following table provides a reconciliation from net loss to non-GAAP adjusted EBITDA, with net loss being the most directly comparable GAAP measure (amounts in thousands, unaudited):
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
Net loss attributable to Energy Vault Holdings, Inc. (GAAP)
$
(20,731
)
$
(61,830
)
$
(103,611
)
$
(135,750
)
Non-GAAP adjustments:
—
Interest expense
3,072
34
8,464
123
Interest income
(269
)
(526
)
(1,100
)
(5,537
)
Provision for (benefit from) income taxes
(228
)
67
7,763
67
Depreciation, amortization, and accretion
3,464
233
5,727
1,058
Stock-based compensation expense
8,302
9,273
36,713
38,709
Provision for credit losses
5,657
27,766
9,409
29,980
Loss on financial instruments carried at fair value
8,179
205
8,179
1,025
Expenses related to equity purchase agreement
—
—
2,072
—
Transaction cost expense related to redeemable non-controlling interest
1,872
—
1,872
—
Loss on debt extinguishment
120
—
1,532
—
Reorganization expenses
—
(127
)
1,162
1,559
Foreign exchange losses (gains)
392
(1
)
1,124
300
Gain on sale of R&D equipment
—
—
(426
)
—
Gain on contribution to equity method investment
(65
)
—
(65
)
—
Net loss attributable to non-controlling interest
(2
)
(29
)
(47
)
(63
)
Loss (gain) on impairment and sale of long-lived assets
—
(215
)
—
336
Impairment of equity securities
—
11,730
—
11,730
Gain on derecognition of contract liability
—
—
—
(1,500
)
Adjusted EBITDA (non-GAAP)
$
9,763
$
(13,420
)
$
(21,232
)
$
(57,963
)
We present adjusted EBITDA, which is net loss excluding adjustments that are outlined in the quantitative reconciliation provided above, as a supplemental measure of our performance and because we believe this measure is frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in our industry. The items excluded from adjusted EBITDA are excluded in order to better reflect our continuing operations.
Adjusted EBITDA is presented on a consolidated basis. Because our reconciliation starts with net loss attributable to Energy Vault Holdings, Inc., we add back net loss attributable to non-controlling interests to arrive at consolidated Adjusted EBITDA. Non-controlling interest allocations may be significantly impacted by the hypothetical liquidation at book value method to allocate Asset Vault’s income (loss) between the Company and the redeemable non-controlling interest.
In evaluating adjusted EBITDA, one should be aware that in the future we may incur expenses similar to the adjustments noted above. Our presentation of adjusted EBITDA should not be construed as an inference that our future results will be unaffected by these types of adjustments. Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net loss, operating loss, or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our liquidity.
Our adjusted EBITDA measure has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are:
it does not reflect our cash expenditures, future requirements for capital expenditures, or contractual commitments;
it does not reflect changes in, or cash requirements for, our working capital needs;
it does not reflect stock-based compensation, which is an ongoing expense;
although depreciation, amortization, and accretion are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and our adjusted EBITDA measure does not reflect any cash requirements for such replacements;
it is not adjusted for all non-cash income or expense items that are reflected in our condensed consolidated statements of cash flows;
it does not reflect the impact of earnings or charges resulting from matters we consider not to be indicative of our ongoing operations;
it does not reflect limitations on or costs related to transferring earnings from our subsidiaries to us; and
other companies in our industry may calculate this measure differently than we do, limiting its usefulness as a comparative measure.
Because of these limitations, adjusted EBITDA should not be considered as a measure of discretionary cash available to us to invest in the growth of our business or as a measure of cash that will be available to use to meet our obligations. You should compensate for these limitations by relying primarily on our GAAP results and using adjusted EBITDA only supplementally.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260316733320/en/
Investors:
energyvaultIR@icrinc.com
Media:
media@energyvault.com
Original: Energy Vault Reports Q4 and Full Year 2025 Financial Results
US Market News
5月前
Energy Vault Closes $135.5M Financing and Previews Strong Q4 2025 Financial ResultsFebruary 18, 2026 1:23 PM
Business Wire
Highlights Recent Strategic AI Compute Milestones with Crusoe and Peak Energy alongside Continued Expansion in Australia
Financial Transformation & Balance Sheet Strength: Energy Vault strengthened its balance sheet while reporting its first positive Adjusted EBITDA of $5M–$10M in Q4 2025. Fueled by strong year-over-year revenue and gross margin growth, cash reserves increased over 300% to finish the year above $100 million.
Strategic Entry into AI Infrastructure: The Company officially entered the high-margin AI infrastructure market via a partnership with Crusoe, backed by domestic sodium-ion battery supply advantages and exclusive global market-entry rights for its next-generation technology.
Expansion of "Own & Operate" Portfolio To accelerate recurring revenue, Energy Vault continues to scale its "Own & Operate" asset base, highlighted by the recent addition of major long-duration energy storage projects in Australia.
Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a global leader in sustainable grid-scale energy storage and AI power infrastructure, announces the closing of a financing transaction, which resulted in $135.5 million in proceeds to the Company after deducting initial purchaser commissions and highlights the following from its recently released Q4 2025 selected financial results, expansions into AI infrastructure, Australia long-duration energy storage project growth and new global battery technology partnerships that also support US domestic content requirements:
Q4 2025 Financial Results and Strategic Growth Updates
Energy Vault has recently announced a set of commercial, financing and strategic wins while previewing Q4 2025 financial results that set the stage to significantly accelerate its growth objectives:
Significantly strengthened its balance sheet to accelerate growth
Achieved transformational year-over-year Revenue, Gross Margin and Adjusted EBITDA growth, including a milestone of its first positive Adjusted EBITDA result of $5 to $10 million in Q4 2025
Grew cash over 300% during the last four quarters to finish 2025 with more than $100 million
Entered the high-margin AI infrastructure market
Secured domestic sodium-ion battery supply advantages and global market entry exclusivity
Expanded its global “Own & Operate” asset base with long-duration storage projects in Australia
Collectively, these milestones reinforce Energy Vault’s execution of its energy asset management strategy to deliver, own and operate mission-critical energy infrastructure at the intersection of renewable energy, grid resiliency, and AI-driven demand growth.
Strategic Entry into AI Infrastructure with Crusoe
Energy Vault announced a multi-year strategic framework agreement with data center infrastructure leader Crusoe for deployment of modular AI factory units at Energy Vault’s Snyder, Texas technology center.
Key Elements:
Scalable deployments up to 25 MW beginning in 2026.
Expansion into “powered shell” modular data center infrastructure.
AI infrastructure EBITDA per MW projected at 10–20x higher than traditional BESS deployments for the “powered shell” elements alone.
Acceleration of Energy Vault’s Asset Vault platform into high-growth AI markets.
This marks Energy Vault’s formal entry into AI infrastructure, significantly enhancing long-term revenue and earnings potential.
Joint Development of Dedicated AI Compute Battery Platform with Peak Energy’s new Sodium Ion Battery, including 1.5 GWh Off-take Agreement and Regional Go-To-Market Exclusivity in Key Growth Markets
On February 9, 2026, Energy Vault announced a strategic partnership with Peak Energy to co-develop sodium-ion storage solutions purpose-built for AI-first data centers and various regional market-entry collaborations.
Key elements:
Secured 1.5 GWh supply agreement for U.S.-manufactured sodium-ion batteries to support U.S. domestic content as well as other global markets
Eligibility for Domestic Content Investment Tax Credits (ITCs).
Integration into Energy Vault’s Vault OS™ platform and Energy Management System to support grid services
Exclusive channel rights in Australia and Japan.
Strong worldwide interest from utilities and neo-clouds to deploy the proprietary AI Compute Battery Platform
The partnership strengthens domestic supply chains, lowers system costs, enhances safety performance, and expands Energy Vault’s AI-focused infrastructure offering.
New Award of 100 MW / 870 MWh Long-Term Energy Service Agreement in Australia
On February 4, 2026, Energy Vault announced that Bridge Energy, one of its development partners in Australia, was awarded an LTESA in New South Wales, securing a 14-year Long-Term Energy Service Agreement (LTESA) under the NSW Electricity Infrastructure Roadmap. Energy Vault is supporting Bridge Energy on the ongoing development milestones and has exclusive rights to acquire the project that would then be constructed and operated by Energy Vault once all final regulatory approvals are received.
Project details:
100 MW / 870 MWh (8-hour duration) system
A$310 million project value to be constructed by Energy Vault once its option is exercised
Exclusive option for Energy Vault to acquire, build, own, and operate the project under its Asset Vault platform
Deployment of B-VAULT™ architecture and Vault-OS™ software
This award strengthens Energy Vault’s Australian footprint and expands its recurring revenue-generating asset portfolio. Energy Vault has begun pre-construction activities on its 2025 LTESA Award for the 125MW, 1.0 GWh Stoney Creek BESS project, another 8-hour long-duration stand-alone storage project.
About Energy Vault
Energy Vault® develops, deploys and operates utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company’s technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Since 2024, Energy Vault has executed an “Own & Operate” asset management strategy developed to generate predictable, recurring and high margin tolling revenue streams, positioning the Company for continued growth in the rapidly evolving energy storage asset infrastructure market. Please visit www.energyvault.com for more information.
Forward-Looking Statements
This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance, including the future revenue and profitability projections, the availability of future draws under the OIC preferred stock commitment to Asset Vault, the timeline to deploy Asset Vault capital, the structure of Asset Vault, and the cost per kilowatt hour achievable by Energy Vault. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the failure to execute definitive agreements or meet conditions for future funding draws, changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainty of our awards, bookings, backlog, timing of permits and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on April 1, 2025, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements. This press release may include preliminary or unaudited financial results and estimates, which are subject to completion of customary year-end closing procedures and audit review; actual results may differ, potentially materially, from these preliminary results and estimates.
Non-GAAP Financial Measures
In addition to the results presented in accordance with GAAP, this press release includes a non-GAAP financial measure, Adjusted EBITDA, which is net loss excluding adjustments that are outlined in the quantitative reconciliation provided below, as a supplemental measure of our performance and because we believe this measure is frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in our industry. The items excluded from adjusted EBITDA are excluded in order to better reflect our continuing operations.
In evaluating adjusted EBITDA, you should be aware that in the future we may incur expenses similar to the adjustments noted above. Our presentation of adjusted EBITDA should not be construed as an inference that our future results will be unaffected by these types of adjustments. Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net loss, operating loss, or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our liquidity. Our adjusted EBITDA measure has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. In addition, other companies in our industry may calculate this measure differently than we do, limiting its usefulness as a comparative measure.
The following table provides a reconciliation from net loss to non-GAAP adjusted EBITDA, with net loss being the most directly comparable GAAP measure:
(amounts in thousands, unaudited)
Three Months Ended December 31,
2025
(Preliminary Estimate)
2024
(Actual)
Low
High
Net loss attributable to Energy Vault Holdings, Inc. (GAAP)
$
(22,054
)
$
(9,527
)
$
(61,830
)
Non-GAAP adjustments:
Interest expense
3,070
3,070
34
Interest income
(269
)
(269
)
(526
)
Provision for income taxes
215
(185
)
67
Depreciation, amortization, and accretion
3,464
3,464
233
Stock-based compensation expense
8,302
8,302
9,273
Loss of financial instruments carried at fair value
4,983
4,483
205
Reorganization expenses
—
—
(127
)
Impairment of equity securities
1,650
—
11,730
Provision for credit losses
5,239
3,739
27,766
Loss on debt extinguishment
120
120
—
Expenses related to equity purchase agreement
—
—
—
Foreign exchange losses
392
392
(1
)
Gain on sale of R&D equipment
—
—
—
Loss (gain) on impairment and sale of long-lived assets
—
—
(215
)
Net loss attributable to NCI
(47
)
(3,524
)
—
Gain on contribution to equity method investment
(65
)
(65
)
—
Gain on derecognition of contract liability
—
—
—
Adjusted EBITDA (non-GAAP)
$
5,000
$
10,000
$
(13,391
)
View source version on businesswire.com: https://www.businesswire.com/news/home/20260218734648/en/
Energy Vault Contacts
Investors
energyvaultIR@icrinc.com
Media
media@energyvault.com
Original: Energy Vault Closes $135.5M Financing and Previews Strong Q4 2025 Financial Results
US Market News
5月前
Energy Vault und Crusoe unterzeichnen strategische Rahmenvereinbarung über modulare Crusoe Spark KI-Fabrik-Einheiten für Crusoe CloudFebruary 12, 2026 2:41 PM
Business Wire
Die mehrjährige Partnerschaft ermöglicht eine schnelle schrittweise Bereitstellung von bis zu 25 MW ab 2026 – kritische Energieinfrastrukturkapazitäten und die digitale Betriebsplattform von Energy Vault werden genutzt, um modulare „Powered Shell”-Rechenzentrumskapazitäten zu liefern
Die erste Installation ist im Solarenergie- und Energiespeichertechnologiezentrum von Energy Vault in Snyder, Texas, geplant, um die Kapazitätsbereitstellung für Crusoe Cloud-Kunden zu beschleunigen
Die Vereinbarung markiert den Eintritt von Energy Vault in den Markt für KI-Infrastruktur und ermöglicht Umsätze je MW, die bis zu 20-mal höher sind als bei herkömmlichen BESS-Anlagen, wodurch das EBITDA von Energy Vault erheblich verbessert und die Asset-Vault-Plattform erweitert wird
Energy Vault Holdings, Inc. (NYSE: NRGV) („Energy Vault“), ein weltweit führender Anbieter von Infrastruktur für netzgekoppelte Energiespeicherlösungen, und Crusoe, der branchenweit erste vertikal integrierte Anbieter von KI-Infrastruktur, haben heute eine strategische Rahmenvereinbarung bekannt gegeben. Sie beinhaltet die schrittweise Bereitstellung modularer Rechenzentren vom Typ Crusoe Spark im Technologiezentrum von Energy Vault in Snyder, US-Bundesstaat Texas. Das anfängliche Programm ist auf eine Gesamtlast von bis zu 25 Megawatt (MW) skalierbar und soll innerhalb der proprietären modularen KI-Fabrik Spark von Crusoe betrieben werden. Die Bereitstellung soll 2026 beginnen, sodass Crusoe Cloud seine verfügbare Rechenkapazität – einschließlich seiner neuen Managed Inference Services – erweitern kann, um den Anforderungen von Kunden gerecht zu werden. Die Initiative bedeutet eine erhebliche Erweiterung des Spark-Programms von Crusoe. Sie demonstriert die schnell implementierbare modulare KI-Inferenzkapazität und setzt das Engagement von Crusoe für die Entwicklung innovativer, energieeffizienter KI-Infrastrukturen fort.
Diese Pressemitteilung enthält multimediale Inhalte. Die vollständige Mitteilung hier ansehen: https://www.businesswire.com/news/home/20260211987104/de/Energy Vault and Crusoe Announce Strategic Framework Agreement for Deployment of Crusoe Spark Modular AI Factory Units to Deliver Crusoe Cloud
Im Rahmen der mehrjährigen Vereinbarung wird Energy Vault eine modulare „Powered Shell”-Infrastruktur bereitstellen, die eine rasche und wiederholbare Installation der elektrischen und mechanischen Systeme ermöglicht, die für Hochleistungsrechner benötigt werden. Energy Vault wird die Spark-Einheiten von Crusoe zunächst am Standort für Technologieumsetzung von Energy Vault in Snyder betreiben. Zusammen werden die Unternehmen die Kombination aus einem Standort mit Stromversorgung und einem modularen Bereitstellungsmodell nutzen, um die Implementierung stark zu beschleunigen und eine skalierbare Erweiterung zu ermöglichen, sobald die Kundennachfrage steigt.
Auf dem Markt für KI-Infrastruktur zählt zunehmend der Faktor Geschwindigkeit. Im Zuge der steigenden Nachfrage nach Rechenleistung sehen sich Kunden mit Einschränkungen konfrontiert, die sich auf die Bereitstellungszeiten auswirken können. Hierzu zählen die Verfügbarkeit von Strom, die Zeitpläne für die Vernetzung, die Komplexität der elektrischen Systeme und die betrieblichen Anforderungen einer Rechenumgebung von hoher Dichte. Die modularen „Powered Shell“-Implementierungen von Energy Vault mit modularen Crusoe Spark-KI-Fabriken ergänzen die ausgewiesenen Stärken des Unternehmens wie disziplinierte Ausführung oder digitale Betriebskompetenz. Sie wurden entwickelt, um die Zeitspanne bis zur Kapazitätsauslastung maßgeblich zu verkürzen und zugleich eine hohe Zuverlässigkeit für Kunden im Rechenzentrumsmarkt zu gewährleisten.
„Crusoe reagiert auf eine klare Marktanforderung: Kunden benötigen skalierbare Rechenleistung, die schnell und zuverlässig bereitgestellt wird“, betont Robert Piconi, CEO und Chairman bei Energy Vault. „Unser Auftrag ist es, die grundlegende Energieinfrastruktur – die „Powered Shell“ – bereitzustellen, die eine schnelle Installation und zuverlässigen Betrieb ermöglicht. Diese Vereinbarung ist ein wichtiger Meilenstein für Energy Vault, da wir eine kommerzielle Plattform für KI-Infrastruktur errichten, die unsere Asset-Vault-Plattform ergänzt, und dabei unsere Build-Own-Operate-Strategie auf ein neues, wachstumsstarkes Segment ausweiten.“
Als vertikal integrierter Dienstleister entwickelt und produziert Crusoe seine proprietären Crusoe Spark-Einheiten, um eine konsistente, hochwertige KI-Infrastruktur für die modulare Erweiterung der Crusoe Cloud-Kapazität bereitzustellen. Durch die Bündelung dieser modularen Technologie mit den nachweislichen Kompetenzen von Energy Vault in der Entwicklung und dem Betrieb von unternehmenskritischen Energiesystemen können die Unternehmen die Anforderungen von Crusoe Cloud an eine hohe Stromverfügbarkeit und verkürzte Bereitstellungszeiten erfüllen. Dieser integrierte Ansatz wurde konzipiert, um mithilfe wiederholbarer digitaler Steuerungen und einer modularen Infrastruktur die Zeit bis zur Kapazitätsauslastung signifikant zu verkürzen und gleichzeitig die für KI-Kunden in Unternehmen unverzichtbare Zuverlässigkeit und Skalierbarkeit sicherzustellen.
„Durch die Fertigung von Spark-Einheiten und die Kooperation mit dem hochqualifizierten Team von Energy Vault treiben wir die Vision von Crusoe einer vertikal integrierten, energieorientierten KI-Infrastruktur weiter voran“, so Cully Cavness, Mitbegründer, President und Chief Strategy Officer von Crusoe. „Dieses Projekt demonstriert das Potenzial modularer KI-Fabriken für verschiedene Anwendungen. Diese reichen von verteilter Inferenz mit niedriger Latenz über On-Prem-Bereitstellungen und gruppierte Trainingscluster bis hin zu datensouveränen Bereitstellungen und vielen weiteren Anwendungsfällen. Wir sind stolz auf die Zusammenarbeit mit Energy Vault – einem Partner, der unseren Anspruch teilt, die Energieprobleme des KI-Zeitalters durch zielgerichtete Umsetzung und technologische Innovationen zu bewältigen.“
Diese strategische Partnerschaft mit Crusoe soll das „Own-and-Operate”-Geschäftsmodell von Energy Vault unterstützen, das auf der Asset-Vault-Plattform basiert. Mit der heutigen Ankündigung wurde diese Plattform erweitert, um den Markt für KI-Infrastrukturen durch langfristige, vertragsgebundene „Powered Shell”-Implementierungen zu bedienen. Laut Energy Vault wird die Einführung von KI-Infrastrukturen zu einer deutlichen Steigerung der Wirtschaftlichkeit pro Einheit führen, einschließlich eines wesentlich höheren EBITDA pro installiertem MW (etwa 10- bis 20-mal höher) als bei herkömmlichen Infrastrukturprojekten. Treiber sind vertraglich gesicherte Cashflows, ein standardisiertes und wiederholbares modulares Design sowie die robuste Nachfrage nach schnell verfügbarer Rechenkapazität. Diese Expansion dürfte das Tempo und den Umfang des EBITDA-Wachstums zügig beschleunigen, sobald die Implementierungen anlaufen und weitere Standorte und Kunden kommerzialisiert werden.
Über Energy Vault
Energy Vault® entwickelt, implementiert und betreibt Energiespeicherlösungen im Versorgungsmaßstab, die darauf ausgelegt sind, den weltweiten Ansatz für nachhaltige Energiespeicherung zu revolutionieren. Das umfassende Angebot des Unternehmens umfasst proprietäre Batterie-, Schwerkraft- und grüne Wasserstoff-Energiespeichertechnologien, die eine Vielzahl von Anwendungsfällen bei Kunden unterstützen und eine sichere und zuverlässige Energieverteilung und -optimierung ermöglichen. Jede Speicherlösung wird durch die technologieunabhängige Energiemanagementsystem-Software und Integrationsplattform des Unternehmens unterstützt. Das innovative Technologieportfolio von Energy Vault ist in der Branche einzigartig und bietet maßgeschneiderte Lösungen für die Energiespeicherung mit kurzer, langer und mehrtägiger/extrem langer Dauer. Damit unterstützt das Unternehmen Energieversorger, unabhängige Stromerzeuger und große industrielle Energieverbraucher dabei, ihre Energiekosten deutlich zu senken und gleichzeitig die Versorgungssicherheit aufrechtzuerhalten. Seit 2024 verfolgt Energy Vault eine „Own & Operate”-Strategie für das Asset Management, die darauf abzielt, vorhersehbare, wiederkehrende und margenstarke Einnahmen aus der Nutzung zu generieren und das Unternehmen für weiteres Wachstum im sich schnell entwickelnden Markt für Energiespeicherinfrastruktur zu positionieren. Bitte besuchen Sie www.energyvault.com für weitere Informationen.
Über Crusoe
Als KI-Fabrikunternehmen verfolgt Crusoe das Ziel, die Verfügbarkeit von Energie und Intelligenz zu beschleunigen. Das Unternehmen stellt eine zuverlässige, skalierbare, kosteneffiziente und energieorientierte Lösung für KI-Infrastrukturen bereit. Indem Crusoe Energieressourcen in großem Maßstab nutzt, KI-optimierte Rechenzentren errichtet und eine hochleistungsfähige KI-Cloud-Plattform bereitstellt, unterstützt das Unternehmen seine Kunden und Partner dabei, Zukunftsprojekte schneller zu realisieren.
Zukunftsgerichtete Aussagen
Diese Pressemitteilung enthält zukunftsgerichtete Aussagen. Sie spiegeln die derzeitigen Einschätzungen des Unternehmens wider, unter anderem in Bezug auf die Geschäftstätigkeit und die finanzielle Entwicklung. Dazu zählen Prognosen zu künftigen Umsätzen und zur Rentabilität, die Verfügbarkeit weiterer Kapitalabrufe im Rahmen der OIC-Vorzugsaktienzusage zugunsten von Asset Vault, der Zeitplan für den Einsatz des Asset-Vault-Kapitals, die Struktur von Asset Vault sowie die von Energy Vault erzielbaren Kosten pro Kilowattstunde. Zukunftsgerichtete Aussagen enthalten Informationen bezüglich möglicher oder angenommener zukünftiger Betriebsergebnisse, einschließlich Beschreibungen unseres Geschäftsplans und unserer Strategien. Diese Aussagen enthalten häufig Wörter wie „antizipieren“, „erwarten“, „suggerieren“, „planen“, „glauben“, „beabsichtigen“, „projizieren“, „prognostizieren“, „schätzen“, „darauf abzielen“, „Vorhersagen“, „sollten“, „könnten“, „würden“, „können“, „dürften“, „werden“ und andere ähnliche Ausdrücke. Diese zukunftsgerichteten Aussagen oder Vorhersagen beruhen auf unseren derzeitigen Erwartungen, Plänen und Annahmen, die wir angesichts unserer bisherigen Erfahrungen in unserer Branche sowie unserer Wahrnehmung historischer Trends, aktueller Bedingungen, erwarteter künftiger Entwicklungen und anderer Faktoren, die wir unter den jeweiligen Umständen für angemessen halten, getroffen haben. Diese zukunftsgerichteten Aussagen beruhen auf unseren Einschätzungen, Annahmen und Erwartungen hinsichtlich zukünftiger Leistungen unter Berücksichtigung der uns derzeit zur Verfügung stehenden Informationen. Es handelt sich bei diesen zukunftsgerichteten Aussagen lediglich um Vorhersagen, basierend auf unseren derzeitigen Erwartungen und Prognosen über zukünftige Ereignisse. Diese zukunftsgerichteten Aussagen sind mit erheblichen Risiken und Unwägbarkeiten verbunden, aufgrund derer unsere tatsächlichen Ergebnisse, Aktivitäten, Leistungen oder Errungenschaften erheblich von den Ergebnissen, Aktivitäten, Leistungen oder Errungenschaften abweichen können, die in den zukunftsgerichteten Aussagen zum Ausdruck gebracht oder impliziert wurden. Zu diesen Risiken und Unwägbarkeiten gehören unter anderem die Nichterfüllung endgültiger Vereinbarungen oder von Bedingungen für zukünftige Finanzierungsaufnahmen, Änderungen unserer Strategie, Expansionspläne, Kundenpotenziale, zukünftige Geschäftstätigkeit, zukünftige Finanzlage, geschätzte Umsatzerlöse und Verluste, prognostizierte Kosten, Aussichten und Pläne; die Ungewissheit unserer Bestellungen, Auftragseingänge, Auftragsbestände und des Zeitplans für Genehmigungen und die entwickelte Pipeline, die zukünftigen Einnahmen entsprechen; die fehlende Gewissheit, dass unverbindliche Absichtserklärungen und andere Interessensbekundungen zu verbindlichen Aufträgen oder Verkäufen führen können; die Möglichkeit, dass unsere Produkte Mängel aufweisen oder angeblich mangelhaft sind oder andere Fehler auftreten; die Implementierung, die Marktakzeptanz und der Erfolg unseres Geschäftsmodells und unserer Wachstumsstrategie; unsere Fähigkeit, unsere Marke und unseren Ruf aufzubauen und aufrechtzuerhalten; Entwicklungen und Prognosen in Bezug auf unsere Geschäftstätigkeit, unsere Wettbewerber und unsere Branche; die Fähigkeit unserer Zulieferer, die für den Bau unserer Energiespeichersysteme erforderlichen Komponenten oder Rohstoffe rechtzeitig zu liefern; die Auswirkungen von Epidemien auf unser Geschäft und die Maßnahmen, die wir als Reaktion darauf ergreifen; unsere Erwartungen hinsichtlich unserer Fähigkeit, den Schutz unseres geistigen Eigentums zu erlangen und aufrechtzuerhalten und die Rechte anderer nicht zu verletzen; Erwartungen hinsichtlich der Zeitspanne, in der wir ein aufstrebendes Wachstumsunternehmen gemäß dem JOBS Act sein werden; unser zukünftiger Kapitalbedarf und die Quellen und Verwendungen von Zahlungsmitteln; die internationale Ausrichtung unserer Geschäftstätigkeit und die Auswirkungen von Kriegen oder anderen Kampfhandlungen auf unser Geschäft und die globalen Märkte; unsere Fähigkeit, unsere Geschäftstätigkeit und unser zukünftiges Wachstum zu finanzieren; unser Geschäft, unsere Expansionspläne und -möglichkeiten sowie andere wichtige Faktoren, die unter der Überschrift „Risk Factors“ in unserem Annual Report auf Form 10-K für das am 31. Dezember 2024 endende Jahr, der am 1. April 2025 bei der SEC eingereicht wurde, erörtert werden, wobei diese Faktoren von Zeit zu Zeit in anderen Einreichungen der Unternehmens bei der SEC aktualisiert werden können, die auf der Website der SEC unter www.sec.gov zugänglich sind. Von Zeit zu Zeit ergeben sich neue Risiken, und unser Management kann weder alle Risiken vorhersehen, noch können wir die Auswirkungen aller Faktoren auf unsere Geschäftstätigkeit oder das Ausmaß abschätzen, in dem ein Faktor oder eine Kombination von Faktoren dazu führen kann, dass die tatsächlichen Ergebnisse wesentlich von den in den von uns getätigten zukunftsgerichteten Aussagen enthaltenen Ergebnissen abweichen. Sämtliche von uns in dieser Pressemitteilung abgegebenen zukunftsgerichteten Aussagen beziehen sich ausschließlich auf das Datum dieser Pressemitteilung und werden in ihrer Gesamtheit ausdrücklich durch die in dieser Pressemitteilung enthaltenen Sicherheitshinweise eingeschränkt. Wir übernehmen keine Verpflichtung, zukunftsgerichtete Aussagen aufgrund neuer Informationen, zukünftiger Entwicklungen oder aus anderen Gründen öffentlich zu aktualisieren oder zu überprüfen, es sei denn, dies ist durch geltende Gesetze vorgeschrieben. Lesern dieser Pressemitteilung wird nachdrücklich empfohlen, sich nicht in unangemessener Weise auf zukunftsgerichtete Aussagen zu verlassen.
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Energy Vault – Kontakt
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Crusoe – Kontakt
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Original: Energy Vault und Crusoe unterzeichnen strategische Rahmenvereinbarung über modulare Crusoe Spark KI-Fabrik-Einheiten für Crusoe Cloud
US Market News
5月前
Energy Vault et Crusoe annoncent un accord-cadre stratégique pour le déploiement d'unités modulaires Crusoe Spark AI Factory afin de mettre en place Crusoe CloudFebruary 12, 2026 2:41 PM
Business Wire
Le cadre pluriannuel permet des déploiements rapides et progressifs pouvant atteindre 25 MW à partir de 2026, en s'appuyant sur les capacités critiques d'Energy Vault en matière d'infrastructures énergétiques et sur sa plateforme d'exploitation numérique pour fournir une capacité de centre de données modulaire « powered shell »
Le premier déploiement est prévu au centre technologique de production et de stockage d'énergie solaire d'Energy Vault à Snyder, au Texas, afin d'accélérer la mise à disposition de la capacité pour les clients de Crusoe Cloud
Cet accord marque l'entrée d'Energy Vault sur le marché des infrastructures d'IA, lui ouvrant l'accès à des revenus par MW jusqu'à 20 fois supérieurs à ceux des déploiements BESS traditionnels, ce qui accélère considérablement la génération d'EBITDA d'Energy Vault et permet de développer la plateforme Asset Vault
Energy Vault Holdings, Inc. (NYSE : NRGV) (« Energy Vault »), leader mondial des infrastructures de stockage d'énergie à l'échelle du réseau, et Crusoe, premier fournisseur d'infrastructures d'IA verticalement intégrées du secteur, ont annoncé aujourd'hui la signature d'un accord-cadre stratégique pour le déploiement progressif de centres de données modulaires Crusoe Spark dans le centre technologique d'Energy Vault à Snyder, au Texas. Le programme initial est évolutif jusqu'à une charge totale de 25 mégawatts (MW) qui sera exploitée dans le cadre du produit propriétaire de Crusoe, l'usine modulaire d'IA Spark. Les entreprises prévoient de commencer les déploiements en 2026, ce qui permettra à Crusoe Cloud d'étendre sa capacité de calcul disponible, y compris ses nouveaux services de gestion des inférences, afin de répondre à la demande des clients. Cette initiative représente une expansion significative du programme Spark de Crusoe, une démonstration de la capacité d'inférence IA modulaire rapidement déployable et la poursuite de l'engagement de Crusoe en faveur du développement d'une infrastructure IA innovante axée sur l'énergie.
Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : https://www.businesswire.com/news/home/20260211344253/fr/Energy Vault and Crusoe Announce Strategic Framework Agreement for Deployment of Crusoe Spark Modular AI Factory Units to Deliver Crusoe Cloud
Dans le cadre de cet accord pluriannuel, Energy Vault fournira une infrastructure modulaire « powered shell » conçue pour permettre un déploiement rapide et reproductible des systèmes électriques et mécaniques nécessaires au calcul haute densité. Energy Vault déploiera les unités Spark de Crusoe, le premier déploiement étant prévu sur le site de réalisation technologique d'Energy Vault à Snyder, au Texas. Ensemble, Energy Vault et Crusoe profiteront de la combinaison d'un site alimenté et d'un modèle de déploiement modulaire, dans le but de réduire considérablement les délais de livraison et de faciliter une expansion évolutive au fur et à mesure que la demande des clients augmente.
Le marché des infrastructures d'IA est de plus en plus défini par la vitesse. Au fur et à mesure que la demande en puissance de calcul s'accélère, les clients sont confrontés à des contraintes qui peuvent avoir un impact sur les délais de livraison, notamment la disponibilité de l'énergie, les délais d'interconnexion, la complexité des systèmes électriques et les exigences opérationnelles du calcul à haute densité. Les déploiements modulaires « powered shell » d'Energy Vault utilisant les usines d'IA modulaires Crusoe Spark, associés à ses atouts éprouvés en matière d'exécution rigoureuse et de capacités opérationnelles numériques, ont été conçus pour réduire considérablement les délais de mise en service tout en maintenant une fiabilité élevée pour les clients du marché des centres de données.
« Crusoe répond à une exigence claire du marché : les clients ont besoin d'une puissance de calcul évolutive, fournie rapidement et de manière fiable », a déclaré Robert Piconi, PDG et président d'Energy Vault. « Notre rôle est de fournir l'infrastructure énergétique essentielle, la « powered shell », qui permet une installation rapide et un fonctionnement stable. Cet accord marque une étape importante pour Energy Vault, car nous établissons une plateforme commerciale dans le domaine des infrastructures IA pour compléter notre plateforme Asset Vault, tout en étendant notre stratégie de construction-propriété-exploitation à un nouveau segment à forte croissance. »
En tant que fournisseur verticalement intégré, Crusoe conçoit et fabrique ses propres unités Crusoe Spark afin de fournir une infrastructure IA cohérente et qualitative qui permet d'étendre de manière modulaire la capacité de Crusoe Cloud. En combinant cette technologie modulaire avec la capacité éprouvée d'Energy Vault à concevoir et à exploiter des systèmes énergétiques critiques, les parties pourront répondre aux exigences de Crusoe Cloud en matière de haute disponibilité de l'alimentation électrique et d'accélération des délais de livraison. Cette approche intégrée est conçue pour bénéficier de contrôles numériques reproductibles et d'une infrastructure modulaire afin de réduire considérablement le délai de mise en service tout en garantissant la fiabilité et l'évolutivité indispensables aux entreprises clientes utilisant l'IA.
« En fabriquant des unités Spark et en nous associant à la talentueuse équipe d'Energy Vault, nous poursuivons la vision de Crusoe d'une infrastructure IA verticalement intégrée et axée sur l'énergie », a déclaré Cully Cavness, cofondateur, président et directeur de la stratégie chez Crusoe. « Ce projet démontre le potentiel des usines d'IA modulaires dans diverses applications telles que l'inférence distribuée à faible latence, les déploiements sur site, les clusters de formation groupés, les déploiements de souveraineté des données et de nombreux autres cas d'utilisation potentiels. Nous sommes également très fiers de travailler aux côtés d'Energy Vault, un partenaire qui partage notre engagement à résoudre les contraintes énergétiques de l'ère de l'IA grâce à une exécution ciblée et à l'innovation technologique. »
Ce partenariat stratégique avec Crusoe devrait renforcer le modèle commercial complet « Own & Operate » (posséder et exploiter) d'Energy Vault, soutenu par sa plateforme Asset Vault, qui a été enrichie avec l'annonce d'aujourd'hui afin de répondre aux besoins du marché des infrastructures d'IA grâce à des déploiements « powered shell » à long terme et sous contrat. Energy Vault prévoit que les déploiements d'infrastructures d'IA entraîneront un changement radical dans l'économie unitaire, notamment une augmentation substantielle de l'EBITDA par MW (~10-20x) installé par rapport aux projets d'infrastructure traditionnels, grâce à des flux de trésorerie contractuels, une conception modulaire standardisée et reproductible, et une forte demande en capacité de calcul rapidement déployable. Cette expansion devrait accélérer rapidement le rythme et l'ampleur de la croissance de l'EBITDA à mesure que les déploiements s'intensifient et que de nouveaux sites et clients sont commercialisés.
À propos d'Energy Vault
Energy Vault® développe et déploie des solutions de stockage d’énergie à l’échelle des services publics conçues pour transformer l’approche mondiale du stockage de l’énergie durable. Les offres complètes de la Société incluent des technologies propriétaires de stockage d’énergie par gravité, par batterie et par hydrogène vert. Chaque solution de stockage est prise en charge par le logiciel et la plateforme d’intégration du système de gestion de l’énergie indépendant de toute technologie de la Société. Unique au sein du secteur, le portefeuille technologique innovant d’Energy Vault offre des solutions personnalisées de stockage d’énergie à court et à long terme ainsi que des solutions portant sur plusieurs jours ou ultra-longues visant à aider les services publics, les producteurs d’énergie indépendants et les grands utilisateurs industriels d’énergie à réduire considérablement les coûts énergétiques nivelés tout en maintenant la fiabilité de l’alimentation. Depuis 2024, Energy Vault a mis en œuvre sa stratégie de gestion des actifs baptisée « Own & Operate » (posséder et exploiter), conçue pour générer des flux de revenus prévisibles, récurrents et à forte marge. Cette stratégie positionne Energy Vault pour une croissance continue sur le marché en pleine évolution des infrastructures de stockage d’énergie. Pour plus d’informations, rendez-vous sur le site www.energyvault.com.
À propos de Crusoe
En tant qu'entreprise spécialisée dans l'IA, Crusoe s'est donné pour mission d'accélérer l'abondance d'énergie et d'intelligence. L'entreprise fournit une solution fiable, évolutive, rentable et axée sur l'énergie pour les infrastructures d'IA. En exploitant des sources d'énergie à grande échelle, en construisant des centres de données optimisés pour l'IA et en fournissant une puissante plateforme cloud d'IA, Crusoe permet à ses clients et partenaires de bâtir l'avenir plus rapidement.
Déclarations prospectives
Le présent communiqué de presse contient des déclarations prospectives qui reflètent les points de vue actuels de la Société concernant, entre autres, ses activités et sa performance financière, y compris les projections futures de chiffre d’affaires et de rentabilité, la disponibilité de futurs tirages au titre de l’engagement en actions privilégiées OIC en faveur d’Asset Vault, le calendrier de déploiement du capital d’Asset Vault, la structure d’Asset Vault, ainsi que le coût par kilowattheure que Energy Vault prévoit d’atteindre. Les déclarations prospectives comprennent des informations relatives à des résultats d’exploitation futurs possibles ou présumés, y compris des descriptions de notre plan d’affaires et de nos stratégies. Ces déclarations contiennent souvent des termes tels que « anticiper », « s’attendre à », « suggérer », « planifier », « croire », « avoir l’intention de », « projeter », « prévoir », « estimer », « cibler », « projections », « devoir », « pouvoir », « expression du conditionnel », « pourrait » (l'évènement a de fortes chances de survenir), « pourrait » (probabilité inférieure de survenance), « expression du futur » et autres expressions similaires. Nous fondons ces déclarations prospectives ou projections sur nos attentes, plans et hypothèses actuels, établis à la lumière de notre expérience dans notre secteur, ainsi que de notre perception des tendances historiques, des conditions actuelles, des évolutions futures attendues et d’autres facteurs que nous jugeons appropriés dans les circonstances au moment considéré. Ces déclarations prospectives reposent sur nos convictions, hypothèses et attentes en matière de performance future, compte tenu des informations actuellement à notre disposition. Elles constituent uniquement des prévisions fondées sur nos attentes et projections actuelles concernant des événements futurs. Ces déclarations prospectives comportent des risques et incertitudes importants susceptibles d’entraîner des écarts significatifs entre nos résultats réels, notre niveau d’activité, notre performance ou nos réalisations, et ceux exprimés ou sous-entendus dans ces déclarations prospectives. Ces risques comprennent notamment l’incapacité de conclure des accords définitifs ou de satisfaire aux conditions requises pour des tirages de financement futurs, les changements dans notre stratégie, nos plans d’expansion, les opportunités clients, nos activités futures, notre situation financière future, les revenus et pertes estimés, les coûts projetés, nos perspectives et nos plans ; l’incertitude quant à la conversion de nos attributions de contrats, commandes, carnet de commandes, délais d’obtention des permis et projets en développement en revenus futurs ; l’absence de garantie que des lettres d’intention non contraignantes ou autres manifestations d’intérêt se traduisent par des commandes ou ventes fermes ; la possibilité que nos produits présentent ou soient allégués comme présentant des défauts ou d’autres défaillances ; la mise en œuvre, l’acceptation par le marché et le succès de notre modèle d’affaires et de notre stratégie de croissance ; notre capacité à développer et préserver notre marque et notre réputation ; les évolutions et projections relatives à notre activité, à nos concurrents et à notre secteur ; la capacité de nos fournisseurs à livrer en temps voulu les composants ou matières premières nécessaires à la construction de nos systèmes de stockage d’énergie ; l’impact d’épidémies sur notre activité et les mesures que nous pourrions prendre en réponse ; nos attentes concernant notre capacité à obtenir et maintenir la protection de la propriété intellectuelle et à ne pas porter atteinte aux droits de tiers ; les attentes concernant la période durant laquelle nous serons considérés comme une « emerging growth company » au sens du JOBS Act ; nos besoins futurs en capital ainsi que les sources et utilisations de trésorerie ; le caractère international de nos activités et l’impact des conflits armés ou autres hostilités sur notre activité et les marchés mondiaux ; notre capacité à obtenir des financements pour nos activités et notre croissance future ; nos activités, nos projets d'expansion et nos opportunités comme d’autres facteurs importants décrits sous la rubrique « Facteurs de risque » de notre rapport annuel sur le formulaire 10-K pour l’exercice clos le 31 décembre 2024, déposé auprès de la SEC le 1er avril 2025, tels que ces facteurs peuvent être actualisé dans nos autres dépôts auprès de la SEC, accessibles sur le site de la SEC à l’adresse www.sec.gov. De nouveaux risques peuvent apparaître de temps à autre, et il est impossible pour notre direction de prévoir l’ensemble des risques, ni d’évaluer l’incidence de tous les facteurs sur notre activité ou la mesure dans laquelle un facteur, ou une combinaison de facteurs, pourrait entraîner des écarts significatifs entre les résultats réels et ceux contenus dans les déclarations prospectives que nous pourrions formuler. Toute déclaration prospective figurant dans le présent communiqué de presse ne vaut qu’à la date dudit communiqué et est expressément assortie, dans son intégralité, des mises en garde qu’il contient. Nous ne prenons aucun engagement d'actualiser ou de réviser publiquement une déclaration prospective, que ce soit à la suite de nouvelles informations, d’événements futurs ou pour toute autre raison, sauf si la loi applicable l’exige. Il convient de ne pas accorder une confiance excessive à nos déclarations prospectives.
Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.
Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260211344253/fr/
Contacts d’Energy Vault
Investisseurs
energyvaultIR@icrinc.com
Médias
media@energyvault.com
Contact de Crusoe
media@crusoe.ai
Original: Energy Vault et Crusoe annoncent un accord-cadre stratégique pour le déploiement d'unités modulaires Crusoe Spark AI Factory afin de mettre en place Crusoe Cloud
US Market News
5月前
Energy Vault Announces Unaudited Preliminary Estimates of Select Financial Information for Fourth Quarter and Year End 2025February 11, 2026 4:13 PM
Business Wire
Q4 2025 Revenue expected to be between $150.0 million and $155.0 million, representing year-over-year (“YoY”) improvement of ~355%, and an increase of ~5x sequentially from Q3 2025
Q4 2025 GAAP Gross Profit expected to be between $28 million and $33 million, an increase of ~3x sequentially from Q3 2025, with a Q4 2025 Gross Margin expected to be between 18% and 22%, representing a YoY improvement of ~1,000bps and ~1,400bps,
Positive Q4 2025 Adjusted EBITDA expected to be between $5.0 million and $10.0 million, versus a loss of $13.4M in Q4 2024; Q4 2025 Net loss expected to be between $22.1 million and $9.5 million versus $61.8 million in Q4 2024
Cash on hand at year end finished at $103.4 million, a 3x+ increase YoY and up 67% sequentially from Q3 2025
Full Year 2025 Revenue range of $200 million to $205 million representing YoY increase of ~335% and within original 2025 revenue guidance range
Energy Vault to report complete fourth quarter and full-year 2025 financial results on March 17, 2026
Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced preliminary estimates of select financial information as of and for the quarter and year ended December 31, 2025, in conjunction with its announcement of a convertible securities offering.
Unaudited Preliminary Estimated Results for the Fourth Quarter and Year Ended December 31, 2025
As of the date hereof, the Company has not finalized its financial and operational results for the fourth quarter and year ended December 31, 2025. Although such financial and operational results have not yet been finalized and are therefore subject to change, the information set forth below reflects the Company’s preliminary estimated results for the period and may be subject to change upon final completion of its standard audit procedures and filing of its Annual Report on Form 10-K:
Fourth Quarter 2025 Selected and Preliminary Results
Revenue expected to be between $150.0 million and $155.0 million
GAAP Gross Margin expected to be between 18% and 22%
Adjusted EBITDA expected to be between $5.0 million and $10.0 million
Full Year 2025 Selected and Preliminary Results
Revenue expected to be between $200.0 million and $205.0 million
GAAP Gross Margin expected to be between 22% and 25%
Adjusted EBITDA expected to be between $(26.0) million and $(21.0) million
Cash on hand at year end finished at $103.4 million, a 3x+ increase YoY and up 67% sequentially from Q3 2025
($ in 000’s)
Three Months Ended December 31, 2025
Year Ended December 31, 2025
LOW RANGE
HIGH RANGE
LOW RANGE
HIGH RANGE
ESTIMATE
YOY
ESTIMATE
YOY
ESTIMATE
YOY
ESTIMATE
YOY
IMPROVEMENT
IMPROVEMENT
IMPROVEMENT
IMPROVEMENT
Revenue
150,000
348%
155,000
363%
200,000
333%
205,000
344%
Gross Profit
28,000
982%
33,000
1176%
45,000
627%
50,000
708%
Gross Margin
18%
1,000 bps
22%
1,400 bps
22%
900 bps
25%
1,200 bps
Adjusted EBITDA (1)
5,000
NA
10,000
NA
-25,995
55%
-20,995
64%
Total Cash At 12/31/2025
Total Cash: 100,000 – 105,000; YoY Improvement: ~3X
(includes restricted cash)
The Company will fully disclose and discuss further details on fourth quarter and full-year 2025 results, along with its full year 2026 outlook on Tuesday, March 17, 2026.
Conference Call Information
The Company will release its earnings results for the fourth quarter and full year ended December 31, 2025, on Tuesday, March 17, 2026 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 live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events.
A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday, March 31, 2026. Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671 and enter access code 13758451. An archived replay of the call will also be available on the investors portion of the Energy Vault website at https://investors.energyvault.com/.
About Energy Vault, Inc.
Energy Vault® develops, deploys and operates utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company’s technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Since 2024, Energy Vault has executed an “Own & Operate” asset management strategy developed to generate predictable, recurring and high margin tolling revenue streams, positioning the Company for continued growth in the rapidly evolving energy storage asset infrastructure market.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements we make regarding our anticipated use of net proceeds from the Notes offering and the terms and size of the Notes offering. These forward-looking statements involve significant risks and uncertainties that could cause our actual results to differ from those expressed or implied by the forward-looking statements. These risks include, but are not limited to our ability to complete the Notes offering on favorable terms, if at all, and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31 2025, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.
Non-GAAP Financial Measures
In addition to the results presented in accordance with GAAP, this press release includes a non-GAAP financial measure, Adjusted EBITDA, which is net loss excluding adjustments that are outlined in the quantitative reconciliation provided above, as a supplemental measure of our performance and because we believe this measure is frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in our industry. The items excluded from adjusted EBITDA are excluded in order to better reflect our continuing operations.
In evaluating adjusted EBITDA, you should be aware that in the future we may incur expenses similar to the adjustments noted above. Our presentation of adjusted EBITDA should not be construed as an inference that our future results will be unaffected by these types of adjustments. Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net loss, operating loss, or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our liquidity. Our adjusted EBITDA measure has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. In addition, other companies in our industry may calculate this measure differently than we do, limiting its usefulness as a comparative measure
The following table provides a reconciliation from net loss to non-GAAP adjusted EBITDA, with net loss being the most directly comparable GAAP measure:
(amounts in thousands, unaudited)
Year Ended December 31,
Three Months Ended December 31,
2025
(Preliminary Estimate)
2024
(Actual)
2025
(Preliminary Estimate)
2024
(Actual)
Low
High
Low
High
Net loss attributable to Energy Vault Holdings, Inc. (GAAP)
$
(104,934
)
$
(92,407
)
$
(135,750
)
$
(22,054
)
$
(9,527
)
$
(61,830
)
Non-GAAP adjustments:
Interest expense
8,462
8,462
123
3,070
3,070
34
Interest income
(1,100
)
(1,100
)
(5,537
)
(269
)
(269
)
(526
)
Provision for income taxes
8,206
7,806
67
215
(185
)
67
Depreciation, amortization, and accretion
5,727
5,727
1,058
3,464
3,464
233
Stock-based compensation expense
36,713
36,713
38,709
8,302
8,302
9,273
Loss of financial instruments carried at fair value
4,983
4,483
1,025
4,983
4,483
205
Reorganization expenses
1,162
1,162
1,559
—
—
(127
)
Impairment of equity securities
1,650
0
11,730
1,650
—
11,730
Provision for credit losses
8,991
7,491
29,980
5,239
3,739
27,766
Loss on debt extinguishment
1,532
1,532
—
120
120
—
Expenses related to equity purchase agreement
2,072
2,072
—
—
—
—
Foreign exchange losses
1,124
1,124
300
392
392
(1
)
Gain on sale of R&D equipment
(426
)
(426
)
—
—
—
—
Loss (gain) on impairment and sale of long-lived assets
—
—
336
—
—
(215
)
Net loss attributable to NCI
(92
)
(3,569
)
—
(47
)
(3,524
)
—
Gain on contribution to equity method investment
(65
)
(65
)
—
(65
)
(65
)
—
Gain on derecognition of contract liability
—
—
(1,500
)
—
—
—
Adjusted EBITDA (non-GAAP)
$
(25,995
)
$
(20,995
)
$
(57,900
)
$
5,000
$
10,000
$
(13,391
)
View source version on businesswire.com: https://www.businesswire.com/news/home/20260211458413/en/
Energy Vault Contacts
Investors energyvaultIR@icrinc.com
Media media@energyvault.com
Original: Energy Vault Announces Unaudited Preliminary Estimates of Select Financial Information for Fourth Quarter and Year End 2025
US Market News
5月前
Energy Vault announces the Award of 100 MW / 870 MWh Long-Term Energy Service Agreement to its Development Partner in AustraliaFebruary 4, 2026 9:09 AM
Business Wire
Energy Vault’s development partner in Australia, Bridge Energy, has secured a 14-year Long-Term Energy Service Agreement (LTESA) for the EBOR Battery Energy Storage System (BESS) project (100 MW / 870 MWh), under the NSW Electricity Infrastructure Roadmap
Energy Vault holds the exclusive option to acquire and construct the A$310 million project having supported Bridge through early stage development
The project will feature Energy Vault’s proprietary B-VAULT™ technology and Vault-OS™ Energy Management System software to provide essential grid firming capacity
Energy Vault acquired the Stoney Creek 125 MW / 1,000 MWh project in New South Wales in 2025, which also holds an LTESA, as Energy Vault rapidly expands its Australian footprint
Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”), a leader in sustainable, grid-scale energy storage solutions, and Bridge Energy Pty Ltd (“Bridge Energy”), an Australian developer bridging the gap between fossil fuels and renewable energy, today announced the Ebor Battery Energy Storage System (BESS) has been awarded a Long-Term Energy Service Agreement (LTESA) by AusEnergy Services.
Located in Ebor, within the New England Region of New South Wales (NSW), the 100 MW / 870 MWh project will provide 8 hours of dispatchable capacity. The facility will play a critical role in advancing NSW’s renewable energy targets by providing essential grid firming capacity as aging coal generators retire. The system will charge during periods of excess renewable generation and discharge during peak demand, directly supporting the state’s transition to a decarbonized grid.
Subject to obtaining the necessary contractual and regulatory approvals, Energy Vault plans to exercise its option to acquire the project. Under its exclusive agreement, Bridge Energy will partner with Energy Vault to bring the project to development completion. The Ebor BESS will then be built, owned and operated by Energy Vault under the Asset Vault platform, which integrates the company’s project ownership model backed by its deep battery technology and its operational expertise, to support the local community and the wider grid with efficient and reliable power availability while generating long-term, recurring revenue streams for the technical life of the project. The project will utilize Energy Vault’s B-VAULT™ system architecture, designed for high-performance cycling and long-duration applications, controlled by the proprietary Vault-OS™ Energy Management System to optimize asset value.
“We continue to execute on our growth strategy in Australia in securing long term and attractive energy storage infrastructure projects, and our partner Bridge Energy is a key component of that strategy,” said Robert Piconi, Chairman and CEO of Energy Vault. “Supporting Bridge Energy on achieving this award represents another important growth milestone in advancing our Energy Asset Management strategy in owning and operating energy assets over the long term. Building on the success on the development and acquisition of the 1 GWh Stoney Creek BESS just last year providing long duration energy storage solutions, we are proud to deepen our commitment to New South Wales and the local communities and stakeholders that we support and are serving there.”
The project is currently in the development phase with local consultation underway. Construction is expected to generate up to 60 direct jobs, with the facility targeted to commence operations in 2028. The project features a strong focus on social license through ongoing contributions to Armidale Regional Council’s dedicated future fund, known as the New England Future Fund, which will be established to administer community benefit contributions across the region.
“The Ebor BESS is a high-quality project that will deliver reliable energy while providing long-term economic benefits to the local community,” said Daniel Hamel, CEO of Bridge Energy. “Ebor BESS will make community benefit contributions for the life of the project, and we are actively engaging with local stakeholders, trades, and service providers to ensure significant local economic activity. We look forward to working closely with Energy Vault’s experienced team to ensure this project’s swift development in moving rapidly to construction and final operation.”
Today’s announcement represents the continued advancement of Energy Vault’s ‘Own & Operate’ asset management strategy under the Asset Vault platform, particularly in the Australian energy market. The Asset Vault framework establishes a fully integrated value chain that spans across all stages of energy storage development and operations, merging the company’s project management expertise with asset ownership to deliver stable, ongoing revenue generation.
Asset Vault’s growing international footprint now spans from North American facilities, including the SOSA Energy Center (150 MW/300 MWh), Cross Trails BESS (57 MW/114 MWh), and the Calistoga Resiliency Center (8.5 MW/293 MWh), to an expanding Australian portfolio featuring the Stoney Creek facility (125 MW/1.0 GWh) and now exclusive option to acquire the 100MW, 870 MWh Ebor BESS project, demonstrating the swift execution and implementation of the Asset Vault platform as the scalable foundation for global energy storage deployment.
About Energy Vault
Energy Vault® develops, deploys and operates utility-scale energy storage solutions designed to transform the world’s approach to sustainable energy storage. The Company’s comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company’s technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Since 2024, Energy Vault has executed an “Own & Operate” asset management strategy developed to generate predictable, recurring and high margin tolling revenue streams, positioning the Company for continued growth in the rapidly evolving energy storage asset infrastructure market. Please see www.energyvault.com for more information.
About Bridge Energy
Bridge Energy is an Australian company established to develop projects that bridge the gap between fossil fuels and renewable energy. Focused on flexible generation and storage, Bridge Energy develops projects that enhance grid reliability while contributing to lower wholesale electricity costs for consumers. For more information, please visit: https://bridgeenergy.com.au/projects/ebor-bess/
Forward-Looking Statements
This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance, including the future revenue and profitability projections, the availability of future draws under the OIC preferred stock commitment to Asset Vault, the timeline to deploy Asset Vault capital, the structure of Asset Vault, and the cost per kilowatt hour achievable by Energy Vault. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the failure to execute definitive agreements or meet conditions for future funding draws, changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainty of our awards, bookings, backlog, timing of permits and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on April 1, 2025, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260203587510/en/
Energy Vault Contacts
Investors
energyvaultIR@icrinc.com
Media
media@energyvault.com
Original: Energy Vault announces the Award of 100 MW / 870 MWh Long-Term Energy Service Agreement to its Development Partner in Australia
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