Energy Vault
Westlake Village, California, United States · Biomass Energy, Clean Energy, Energy · 160 employees
Energy Vault is the creator of renewable energy storage products that are transforming the world’s approach to utility-scale energy storage for grid resiliency. Applying conventional physics fundamentals of gravity and potential energy, the system combines advanced material science and proprietary, machine-vision AI software that autonomously orchestrates the charging and discharging of electricit
Funding history
- Funding Round — $15.0M — Jan 2026
- Funding Round — $258.0M — Aug 2025
- Series series c — $100.0M — Aug 2021
Recent signals
- May 29, 2026: Acquired Energy Vault acquires BayWa r.e.'s energy storage portfolio
- May 28, 2026: Acquired Energy Vault acquires BayWa r.e.'s 850 MW portfolio
- May 19, 2026: Energy Vault Appoints Cory Magnuson as President of Asset Vault
- Apr 09, 2026: Acquired Energy Vault acquires 850 MW energy storage in Japan
- Mar 24, 2026: Acquired Energy Vault acquires McMurtre BESS project in Texas
- Feb 11, 2026: SEC 8-K (8.01): On February 11, 2026, Energy Vault Holdings, Inc. announced its intention to offer a private placement of $125.0 million aggregate principal amount of convertible senior notes due 2031. This offering is targeted at qualified institutional buyers under Rule 144A of the Securities Act. Additionally, the Company plans to enter into capped call transactions related to this issuance. The announcement suggests a strategic move to enhance financial flexibility and fund potential growth initiatives.
- Feb 11, 2026: SEC 8-K (8.01): On February 11, 2026, Energy Vault Holdings, Inc. announced the pricing of its private offering of $140.0 million aggregate principal amount of convertible senior notes due 2031. This Offering was increased from the initially planned $125 million, indicating strong demand. The notes are being sold under an exemption from registration and will be offered only to qualified institutional buyers under Rule 144A. Additionally, the company has provided its initial purchasers an option to acquire an extra $20 million in notes, which highlights confidence in the capital raising strategy.
- Jan 05, 2026: SEC 8-K (7.01): On January 5, 2026, Energy Vault Holdings, Inc. announced the commencement of construction for the SOSA Energy Center, which is a 150 MW/300 MWh battery energy storage system located in Madison County, Texas. This construction marks a significant expansion in Energy Vault's Asset Vault portfolio, enhancing their capabilities in energy storage solutions. Additionally, the company reported a 65% increase in cash and liquidity during Q4 2025, now exceeding $100 million, which is above the high end of prior guidance, indicating a strong financial position to support these ventures. The press release detailing this information was issued on the same date and emphasizes the strategic initiatives the company is undertaking.
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