Highest-materiality recent filing
Energy Vault appoints Nitin Dahiya (ex-BlackRock) as CFO, effective July 27, 2026
Michael Beer resigned as CFO to pursue other opportunities; no disagreement with company.
Energy Vault increases convertible debenture facility to $150M, adds $38M tranche, extends maturity
Amended securities purchase agreement to increase aggregate principal to $150M and issued additional $38M of senior secured convertible debentures at 95% of par.
Energy Vault Q1 revenue $21.9M (+156% YoY); backlog $1.35B; MW under management surges to 1.1 GW
Revenue $21.9M (up 156% YoY), GAAP gross profit $4.8M; adjusted gross profit $6.1M (+25% YoY).
Energy Vault Q4 revenue $153.3M, turns positive Adjusted EBITDA; FY revenue $203.7M, backlog $1.3B
Q4 2025 revenue $153.3M (up from $33.5M YoY); FY 2025 revenue $203.7M (+340% YoY).
Energy Vault issues additional $10M of 5.25% convertibles; repays $45M Yorkville debt
Initial purchasers exercised option to buy $10M in additional 5.250% Convertible Senior Notes due 2031 on same terms.
Energy Vault issues $140M 5.25% convertible notes due 2031; conversion price $5.18
$140M aggregate principal of 5.250% Convertible Senior Notes due 2031 issued.
Energy Vault prices $140M convertible notes at 5.25%, due 2031
Offering upsized from $125M; initial purchasers have option to buy additional $20M.
Strategic framework agreement for Crusoe Spark modular data center deployments up to 25 MW starting in 2026.
Energy Vault preliminary FY2025 revenue $200-205M, up ~340% YoY; net loss narrows
Revenue $200-205M for FY2025 vs $46.2M in FY2024; Q4 revenue $150-155M vs $33.5M.
Energy Vault proposes $125M convertible note offering due 2031
Offers $125M convertible senior notes due 2031 in private placement; underwriters can purchase additional $25M.
Energy Vault prelim Q4 revenue $150-155M (~355% YoY); first positive Adj EBITDA
Q4 2025 revenue expected $150-155M, up ~355% YoY and ~5x sequentially from Q3.
Energy Vault begins building 150 MW Texas BESS; Q4 cash up 65% to $100M+
SOSA Energy Center (150 MW/300 MWh) construction started in ERCOT; commercial operation expected Q2 2027.
Energy Vault issues additional $15M in convertible debentures; conversion price $7.41
Additional $15M senior unsecured convertible debentures issued at 98% of principal, maturing Aug 30, 2027.
Energy Vault closes $20M additional convertible debenture issuance to YA II PN
Issued $20M aggregate principal of senior unsecured convertible debentures at 97% of par.
Energy Vault Q3 revenue $33.3M (up 27x), Adj. EBITDA loss narrows 59% to $6.0M
Revenue $33.3M vs $1.2M a year ago; GAAP gross profit $9.0M (27% margin), up 18x YoY.
Energy Vault acquires 150 MW/300 MWh BESS project in Texas; expects $250M total revenue
SOSA BESS project in ERCOT North market acquired from Savion (Shell subsidiary); construction starts Q4 2025.
Energy Vault closes $300M preferred equity from OIC, launches Asset Vault platform
OIC commits up to $300M in Series A Preferred Units of Asset Vault; initial $35M cash contribution due by Oct 24, 2025.
Energy Vault secures $50M convertible debenture facility for working capital and project growth
Initial $30M tranche funded at closing; up to $50M total in senior unsecured convertible debentures.
Energy Vault sells up to $9.45M future receivables for $6.75M net cash
Purchase price $7.5M; $0.75M fees deducted; net cash proceeds $6.75M.
Energy Vault regains NYSE listing compliance; 30-day avg share price above $1.00
Received NYSE notice Sept 2, 2025 confirming compliance with Section 802.01C minimum bid price rule.
Energy Vault secures $300M preferred equity for Asset Vault, targeting 1.5GW storage projects
$300M non-dilutive preferred equity from a multi-billion-dollar infrastructure fund to launch Asset Vault subsidiary.
Energy Vault completes acquisition of 125 MW/1,000 MWh Stoney Creek BESS in Australia
Acquired 125 MW/1,000 MWh BESS in New South Wales from Enervest Group after FIRB approval.
Energy Vault Q2 rev +126% to $8.5M; backlog $954M; $300M preferred equity deal
Q2 2025 revenue $8.5M (+126% YoY); GAAP gross margin 29.6% vs 27.8% YoY.
Energy Vault wins 75 MW/300 MWh BESS contract from Consumers Energy in Michigan
Two BESS projects: 45 MW/180 MWh Weadock in Hampton Twp. and 30 MW/120 MWh Iosco in Oscoda Twp.
Energy Vault closes $18M project financing for 57 MW/114 MWh Cross Trails BESS in Texas
$17.8M senior secured term loan facility with Wilmington Trust; matures July 2032 at 5-6% interest.
57 MW / 2-hour battery storage system in Snyder, Texas begins commercial operation ahead of schedule.
Energy Vault signs additional 100 MW/200 MWh BESS agreement with Jupiter Power in ERCOT
Agreement for an additional 100 MW/200 MWh battery energy storage system at a Jupiter site in ERCOT.
Energy Vault Q1 revenue up 10% to $8.5M; backlog hits $648M
GAAP gross margin more than doubled to 57.1% from 26.7% YoY, driven by India license revenue.
Energy Vault receives NYSE delisting notice for sub-$1 stock price; six months to cure
Received NYSE notice on April 16, 2025, for failure to maintain minimum $1.00 average closing price over 30 consecutive trading days.
Energy Vault expects $70-80M from project financings & ITCs, targets Q4 2025 positive Adj. EBITDA
Calistoga (CA) and Cross Trails (TX) financings expected to yield ~$60-65M from project debt + ITC monetization.
Energy Vault Q4 rev $33.5M, backlog $660M; 2025 guidance $200-300M
Revenue backlog $660M, up 90% QoQ and quadruple YoY; 2025 rev guidance $200-300M (4-6x increase vs 2024).
Energy Vault Q3 revenue light at ~$1.2M; backlog up 33% to $350M; net loss $26.6M
Revenue backlog grew 33% QoQ to $350M with new U.S. contracts from Jupiter Power and Gridmatic.
Energy Vault notified by NYSE of non-compliance due to stock price below $1.00 for 30 days
NYSE notified Energy Vault on Sept 13, 2024, that average closing price was below $1.00 for 30 consecutive trading days.
Q2 GAAP revenue $3.8M; gross margin 27.8% vs. prior year low revenue base; gross profit $1.0M.
Energy Vault Q1 revenue $7.8M, net loss improves to $(21.1)M; cash $136.8M, no debt
Revenue $7.8M from utility/IPP projects; GAAP gross margin 26.7% ($2.1M gross profit).
Energy Vault appoints Michael Beer as CFO, effective April 15, 2024; Jan Kees van Gaalen to retire
Michael Beer named CFO effective April 15, 2024; replaces Jan Kees van Gaalen who is retiring.
Energy Vault FY2023 revenue $341.5M (+134% YoY); net loss $98.4M; cash $145.6M
Q4 revenue $118.2M; GAAP gross margin 3.4% (lower than expected due to timing shift of revenue/profit to 2024).
Energy Vault signs 10-year exclusive license for SADC region; $20M fee plus 5% royalties
10-year exclusive license agreement with GESSOL for SADC region.
Energy Vault Q3 revenue $172.2M; net loss narrows; reaffirms FY2023 guidance
Record revenue $172.2M; net loss improved 28% sequentially to $(18.9)M.
reporting that Johannes Cornelis Maria van Gaalen will cease to serve as Chief Financial Officer concurrently with Michael Beer assuming the position of Chief Financial Officer on April 15, 2024.
reporting that Johannes Cornelis Maria van Gaalen will cease to serve as Chief Financial Officer concurrently with Michael Beer assuming the position of Chief Financial Officer on April 15, 2024.
Concurrently with Mr. Beer assuming the position of Chief Financial Officer, Jan Kees van Gaalen will cease to serve as Chief Financial Officer.
On April 4, 2024, Michael Beer agreed to serve as Chief Financial Officer, effective as of April 15, 2024.
On December 14, 2023, the Board elected Stephanie Unwin as a Class II director of the Company, effective as of March 7, 2024, for a term expiring at the Annual Meeting of Shareholders in 2026.
Effective as of the date of Energy Vault’s next quarterly Board meeting on March 7, 2024, Zia Huque has resigned as director of the Company and from the Audit Committee and Compensation Committee of the Board of Directors.
On January 18, 2023, the Board elected Theresa M Fariello “Terri” as a Class II director of the Company, effective as of February 1, 2023
Effective February 1, 2023 Henry Elkus resigned as director of the Company and from the Nomination and Corporate Governance Committee of the Board of Directors.
David Hitchcock will cease to serve as Interim Chief Executive Officer. Mr. Hitchcock will remain as an advisor to the Company through December 31, 2022.
Jan Kees van Gaalen agreed to serve as Chief Financial Officer, effective as of November 16, 2022.
it had appointed David Hitchcock as its interim Chief Financial Officer, effective April 18, 2022
it was separating from Andrea Wuttke, its Chief Financial Officer, effective as of April 15, 2022
Max materiality 0.85 · Median 0.68 · Most common event other_material