Energy Vault Secures $50 Million to Support Energy Storage Growth Projects.
ByAinvest
Friday, Sep 26, 2025 4:24 pm ET1min read
NRGV--
The new funding agreement is separate from the previously announced $300 million preferred equity investment for "Asset Vault," which is pending final closure. Upon final closing, Asset Vault will be formed as a fully consolidated subsidiary to house Energy Vault’s storage assets that it will own and operate. These assets will be supported by long-term offtake agreements, ensuring project monetization and underpinning Energy Vault's independent power producer (IPP) strategy [1].
Energy Vault's comprehensive offerings include proprietary battery, gravity, and green hydrogen energy storage technologies. These solutions are designed to deliver safe and reliable energy system dispatching and optimization, supporting a variety of customer use cases. The company's technology-agnostic energy management system software and integration platform further enhance its capabilities [1].
The growing portfolio of owned and operated energy storage projects includes operational facilities in Texas and California, the recently acquired 1 GWh Stoney Creek project in Australia, and a robust pipeline of approximately 3GW of battery energy storage systems across the U.S., Europe, and Australia [1].
This latest funding round underscores Energy Vault's commitment to expanding its third-party project pipeline and addressing the growing demand for energy storage and AI data center buildouts. The company's strategic approach to generating predictable, recurring, and high-margin tolling revenue streams positions it for continued growth in the rapidly evolving energy storage asset infrastructure market [1].
Energy Vault Holdings has secured a $50 million corporate debenture financing from YA II PN, Ltd. This funding will support the company's growth in energy storage project development and execution. The facility is in addition to a previously announced $300 million preferred equity investment for "Asset Vault," enabling Energy Vault to address demand for energy storage and AI data center buildouts.
Energy Vault Holdings Inc. (NYSE: NRGV), a leader in sustainable, grid-scale energy storage solutions, has secured an additional $50 million in corporate debenture financing from YA II PN, Ltd. [1]. This funding will provide the company with the necessary working capital to continue scaling its business and executing growth projects without financial constraints.The new funding agreement is separate from the previously announced $300 million preferred equity investment for "Asset Vault," which is pending final closure. Upon final closing, Asset Vault will be formed as a fully consolidated subsidiary to house Energy Vault’s storage assets that it will own and operate. These assets will be supported by long-term offtake agreements, ensuring project monetization and underpinning Energy Vault's independent power producer (IPP) strategy [1].
Energy Vault's comprehensive offerings include proprietary battery, gravity, and green hydrogen energy storage technologies. These solutions are designed to deliver safe and reliable energy system dispatching and optimization, supporting a variety of customer use cases. The company's technology-agnostic energy management system software and integration platform further enhance its capabilities [1].
The growing portfolio of owned and operated energy storage projects includes operational facilities in Texas and California, the recently acquired 1 GWh Stoney Creek project in Australia, and a robust pipeline of approximately 3GW of battery energy storage systems across the U.S., Europe, and Australia [1].
This latest funding round underscores Energy Vault's commitment to expanding its third-party project pipeline and addressing the growing demand for energy storage and AI data center buildouts. The company's strategic approach to generating predictable, recurring, and high-margin tolling revenue streams positions it for continued growth in the rapidly evolving energy storage asset infrastructure market [1].
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