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Energy Vault Announces $100 Million Series C Funding

Aug 25, 2021•almost 4 years ago

Amount Raised

$100 Million

Round Type

series c

Westlake Village

Description

Energy Vault (the “Company”), the creator of gravity-based, grid-scale energy storage solutions with its proprietary technology, today announced $100 million in Series C funding. The investment is being led by existing investor Prime Movers Lab, with additional participation from other existing investors including SoftBank Vision Fund, Saudi Aramco Energy Ventures, Helena, and Idealab X. In addition, the Series C funding is supported by new investors, including Pickering Energy Partners through its Energy Equity Opportunity Fund, SailingStone Global Energy Transition, A.T. Gekko, Crexa Capital Advisors LLC, Green Storage Solutions Venture I LLC, and Gordon Crawford.

Company Information

Company

Energy Vault

Location

Westlake Village, California, United States

About

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 electricity using ultra low cost composite bricks and innovative mechanical crane systems. Utilizing 100 percent eco-friendly materials with the ability to integrate waste materials for beneficial re-use at unprecedented economics, Energy Vault is accelerating the shift to a circular economy and a fully renewable world. For more information about Energy Vault, please visit energyvault.com and @EnergyVaultInc.

Company News

(7 articles)

Thu, 24 Jul 2025 07:00:00 GMT

Energy Vault Schedules Conference Call to Discuss Second Quarter 2025 Financial Results - Business Wire

Thu, 07 Aug 2025 07:00:00 GMT

Energy Vault Doubles Revenue, Lands Massive $300M Deal to Build 1.5GW Energy Storage Empire - Stock Titan

Tue, 12 Nov 2024 08:00:00 GMT

Energy Vault Reports Third Quarter 2024 Financial Results - Business Wire

Fri, 08 Aug 2025 05:45:00 GMT

Energy Vault Secures Final FIRB Approval and Completes Acquisition of 125 MW/1,000 MWh Stoney Creek BESS in Australia - 뉴스와이어

Sun, 03 Mar 2024 08:00:00 GMT

Energy Vault Announces China State Grid Interconnection of First EVx 100 MWh Gravity Energy Storage System, Groundbreaking of Three Additional EVx Gravity Storage Systems and Other China Market Expansion Milestones - 뉴스와이어

Mon, 17 Mar 2025 07:00:00 GMT

Energy Vault Reports Fourth Quarter and Full Year 2024 Financial Results - Business Wire

Mon, 14 Nov 2022 08:00:00 GMT

Energy Vault Reports Third Quarter 2022 Earnings Results - Business Wire

FundzWatch™ Score

Medium Activity

Funding Insights

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