---
schema_version: "secwatch.filing_event.v1"
accession: "0001828536-25-000019"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2025-03-21T23:59:59+00:00"
generated_at: "2026-05-24T09:05:33.750234+00:00"
event_type: "other"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Energy Vault expects $70-80M from project financings & ITCs, targets Q4 2025 positive Adj. EBITDA

## Summary
- Calistoga (CA) and Cross Trails (TX) financings expected to yield ~$60-65M from project debt + ITC monetization.
- Additional Snyder, TX microgrid ITC expected ~$10-15M, bringing total cash inflows to $70-80M.
- Closings expected in Q2-Q3 2025, starting with Calistoga in April 2025.
- No Board authorization to use ATM facility; management confirms no usage.
- Management expects to achieve Adjusted EBITDA positive in Q4 2025.

## SEC filing metadata
- accession: 0001828536-25-000019
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2025-03-21T23:59:59+00:00
- event_type: other
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828536/000182853625000019/0001828536-25-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000182853625000019/nrgv-20250320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828536-25-000019
- JSON: https://secwatch.observer/filing/0001828536-25-000019.json
- Plain text: https://secwatch.observer/filing/0001828536-25-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.