Energy Vault Holdings, Inc.NRGV
What Energy Vault Holdings, Inc. does.
Energy Vault Holdings, Inc. (together with its subsidiaries, “Energy Vault” or the “Company”) is a Delaware corporation. On February 11, 2022, we completed a business combination with Energy Vault, Inc. (the “Merger”) and, in connection with the closing, changed our name from Novus Capital Corporation II to Energy Vault Holdings, Inc.
Energy Vault delivers a diversified portfolio of energy storage solutions to third parties, including proprietary gravity, battery, and green hydrogen-based technologies, supported by our technology-agnostic energy management software and integration capabilities. Beginning in 2024, we initiated a multi-year transition from primarily delivering projects through build-and-transfer arrangements and licensing models toward a more integrated model that includes selectively developing, owning, and operating energy storage assets, while continuing to provide technology, integration, software, and long-term services to customers. We believe this strategy is supported by our experience across multiple storage technologies, system integration and controls capabilities, and established global presence, as well as access to project-level capital through our Asset Vault platform.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $0 | $145.9M | $341.5M | $46.2M | $203.7M |
| Net income | — | -$31.3M | -$78.3M | -$98.4M | -$135.8M | -$103.6M |
| Free cash flow | — | -$22.2M | -$25.7M | -$123.1M | -$114.7M | -$46.7M |
More on NRGV.
- Energy Vault Holdings, Inc. summary
- Energy Vault Holdings, Inc. financial statements
- Energy Vault Holdings, Inc. key metrics
- Energy Vault Holdings, Inc. health scores and style box
- Energy Vault Holdings, Inc. earnings
- Energy Vault Holdings, Inc. dividends
- Energy Vault Holdings, Inc. valuation
- Energy Vault Holdings, Inc. ownership and insiders
- Energy Vault Holdings, Inc. peers
Figures from Energy Vault Holdings, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.