Energy Vault appoints Nitin Dahiya (ex-BlackRock) as CFO, effective July 27, 2026

Energy Vault Holdings, Inc.

Michael Beer resigned as CFO to pursue other opportunities; no disagreement with company.
Nitin Dahiya appointed CFO, starting July 27, 2026; previously Senior Portfolio Manager at BlackRock.
Dahiya's compensation: $435K base salary, 400K RSUs, 400K PSUs with share price targets, 75% annual bonus target, $100K signing bonus.
Severance: 6 months base salary for non-cause termination; 1.5x base+bonus and equity acceleration if within 18 months of change of control.
Press release highlights recent business momentum: multi-GWh IPP growth in Australia, 850MW Japan portfolio acquisition, AI compute wins, Q2 backlog increase.

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