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Energy Vault Secures $137.5 Million Term Loan for Power Generation Equipment

PUBLIC · NRGVAug 14, 2026•7 days ago

Amount Raised

$138 Million

Round Type

Debt Financing

Westlake VillageManufacturingEnergyRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyPower GridBiomass EnergyClean Energy

Investors

Various LendersCsc Delaware Trust Company

Description

On August 14, 2026, Energy Vault Holdings, Inc. entered into a credit agreement for a senior secured term loan facility. This agreement provides approximately $137.5 million to fund the purchase of power generation equipment and related services. The funding is aimed at enhancing the company's capabilities in sustainable energy solutions

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.

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