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Energy Vault Raises $50m for Energy Storage Development
ByAinvest
Monday, Sep 29, 2025 5:02 am ET1min read
Energy Vault Holdings has secured $50m in funding from YA II PN for corporate debenture financing. The funding will support the development and execution of the company's energy storage projects. Energy Vault operates in the US, Australia, and Europe, with a 3GW global pipeline of battery energy storage systems. The company focuses on sustainable energy storage solutions, including battery, gravity, and green hydrogen energy storage technologies.
Energy Vault Holdings, a leading provider of sustainable, grid-scale energy storage solutions, has secured $50 million in corporate debenture financing from YA II PN. The funding will provide the company with additional capital flexibility to support its energy storage development and execution activities [1].The company's expanding portfolio includes operating assets in the US states of Texas and California, the recently acquired 1 gigawatt hour Stoney Creek project in Australia, and a 3GW global pipeline of battery energy storage systems across the US, Europe, and Australia [2]. Energy Vault focuses on the development, deployment, and operation of large-scale energy storage solutions, providing sustainable energy storage worldwide. The company's services include battery, gravity, and green hydrogen energy storage technologies [3].
Michael Beer, Energy Vault's chief financial officer, stated, "This new facility provides Energy Vault with the working capital resources to continue scaling our business and delivering on our growth projects without constraint. Importantly, this cash is in addition to the preferred equity we previously announced in support of owning and operating energy assets, ensuring incremental liquidity for Energy Vault Holdings as we expand our third-party project pipeline" [1].
The new funding agreement follows the recently announced $300 million preferred equity investment with an infrastructure investor, which remains subject to final closure. The $300 million transaction will establish Asset Vault as a fully consolidated subsidiary focused on owning and operating storage assets backed by long-term offtake agreements. These agreements aim to achieve monetization, advance the company’s independent power producer (IPP) strategy, and generate high-margin contracted cash flows [1].
In November 2024, the company disclosed plans for the 57MW/114 megawatt-hour Cross Trails BESS (battery energy storage system) in Scurry County, Texas [1].
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