Energy Vault Secures $300M Investment for Global Expansion

Energy Vault Holdings has secured a $300M preferred equity investment to launch 'Asset Vault,' a subsidiary for global energy storage asset development, with over $1B in capital expenditure planned. The investment is expected to generate $100M+ in annual EBITDA within 3-4 years, leveraging long-term contracts and Energy Vault's operational expertise.

Energy Vault Holdings, Inc. (NYSE: NRGV) has secured a significant $300 million preferred equity investment to launch 'Asset Vault,' a fully consolidated subsidiary dedicated to developing, building, owning, and operating energy storage assets globally. The investment is part of Energy Vault's strategy to deploy 1.5 GW of energy storage projects in attractive priority markets.

The $300 million investment will support project development expenses, project acquisition, and both majority and minority equity investments. This funding will enable Energy Vault to accelerate the execution of 1.5 GW of global energy storage projects under its IPP (Independent Power Producer) Build-Own-and-Operate strategy.

The investment is non-dilutive to common shareholders and includes milestones for equity participation in Energy Vault Holdings, aligning shareholder interests. Energy Vault expects to generate $100 million+ in recurring annual EBITDA within the next 3-4 years, leveraging long-term contracts and its operational expertise.

The investment will be used to develop, build, and operate energy storage assets, either stand-alone or paired with generation facilities, in attractive energy markets globally. The company's operational expertise in designing, building, and operating energy storage assets, combined with its leading Energy Management System software platform, will help achieve lower $/kWh CapEx and lower asset OpEx.

Energy Vault will retain voting and operational control of Asset Vault, leveraging its fully integrated development, EPC (Engineering, Procurement, and Construction), and asset management capabilities. The company expects to generate incremental consolidated revenue and high gross margins through self-performing engineering, procurement, and construction for projects within the Asset Vault platform.

Energy Vault's technology-agnostic approach and flexible business model span energy-as-a-service, project development and sale, and long-term asset ownership, enabling value capture across the energy storage lifecycle. The company aims to host a Virtual Investor Day upon the close of the transaction to provide a comprehensive overview of the Asset Vault platform, its project pipeline, financial projections, and long-term strategic vision.

Energy Vault Holdings is a global leader in grid-scale energy storage solutions, offering proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each solution is supported by the company's hardware technology-agnostic energy management system software and integration platform.

References:
[1] https://www.businesswire.com/news/home/20250807651517/en/Energy-Vault-Enters-into-Exclusive-Agreement-for-%24300-million-Preferred-Equity-Investment-to-launch-Asset-Vault-Accelerating-the-execution-of-1.5GW-of-Global-Energy-Storage-Projects-under-the-Companys-IPP-Build-Own-and-Operate-Strategy