Energy Vault
Westlake Village, California, United States · Biomass Energy, Clean Energy, Energy
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 electricit
Key facts
- Headquarters
- Westlake Village, California, United States
- Employees
- 160
- Industries
- Biomass Energy, Clean Energy, Energy
- Status
- Public (NRGV)
- Website
- energyvault.com
- Company page
Recent activity at Energy Vault
- : Energy Vault acquires Goshe Energy Storage projects
- : SEC 8-K (1.01): On August 14, 2026, Energy Vault Holdings, Inc. through its subsidiaries EV Gen Set 1, LLC and EV Gen Set I HoldCo, LLC entered into a Credit Agreement with CSC Delaware Trust Company providing for a senior secured term loan facility of approximately $137.5 million. The proceeds from this loan are intended to fund the purchase of power generation equipment and related services, as detailed in the associated Equipment Supply Agreement. This financing aims to enhance the company's operational capabilities in the energy sector by facilitating timely equipment procurement and installations. The event occurred on the date of the filing, indicating immediate relevance to stakeholders.
- : Energy Vault Secures $137.5 Million Term Loan for Power Generation Equipment
- : SEC 8-K (2.02): On August 11, 2026, Energy Vault Holdings, Inc. announced its financial results for the quarter ended June 30, 2026, through a press release. This report highlights the company’s performance over the second quarter, providing key financial metrics and insights. The announcement includes forward-looking statements, which outline potential factors that could lead to deviations from anticipated financial outcomes. This filing is crucial for investors as it details the financial health and operational progress of the registrant.
- : Energy Vault acquires BayWa r.e.'s 850 MW portfolio
- : Energy Vault Appoints Cory Magnuson as President of Asset Vault
- : Energy Vault acquires 850 MW energy storage in Japan
- : Energy Vault acquires McMurtre BESS project in Texas
- : SEC 8-K (8.01): On February 11, 2026, Energy Vault Holdings, Inc. announced its intention to offer a private placement of $125.0 million aggregate principal amount of convertible senior notes due 2031. This offering is targeted at qualified institutional buyers under Rule 144A of the Securities Act. Additionally, the Company plans to enter into capped call transactions related to this issuance. The announcement suggests a strategic move to enhance financial flexibility and fund potential growth initiatives.
- : SEC 8-K (8.01): On February 11, 2026, Energy Vault Holdings, Inc. announced the pricing of its private offering of $140.0 million aggregate principal amount of convertible senior notes due 2031. This Offering was increased from the initially planned $125 million, indicating strong demand. The notes are being sold under an exemption from registration and will be offered only to qualified institutional buyers under Rule 144A. Additionally, the company has provided its initial purchasers an option to acquire an extra $20 million in notes, which highlights confidence in the capital raising strategy.
Energy Vault funding history
| Date | Round | Amount |
|---|---|---|
| Aug 2026 | Debt Financing | $137.5M |
| Jan 2026 | Convertible Note | $15.0M |
| Aug 2025 | Funding Round | $258.0M |
| Aug 2021 | Series C | $100.0M |
Leadership
- Chris Wiese, President
- Lucas Sadler, Vice President of Sales- Asia Pacific
- Cory Magnuson, President
- Marco Terruzzin, Chief Commercial and Product Officer
- Marco Terruzzin, Chief Revenue Officer
- Robert Piconi, Chairman
- Wes Fuller, Global Head of Sales
- Michael Beer, Chief Financial Officer
Verified email and direct lines for Energy Vault’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Energy Vault files 2 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Energy Vault in the news
- Energy Vault Schedules Conference Call to Discuss Second Quarter 2026 Financial Results - Business Wire (Jul 16, 2026)
- Energy Vault Announces Successful Testing and Commissioning of First EVx 100 MWh Gravity Energy Storage System by China Tianying, Extension of Atlas Renewable Licensing Agreement to 15 Years - AZoCleantech (May 08, 2024)
- Saudi Aramco Energy ventures invests in Energy Vault - JEC - Connecting the World with Composites (Aug 22, 2024)
- Energy Vault Holdings, Inc. (NRGV) Company Information - Simply Wall Street (Aug 09, 2022)
- Energy Vault Enters Japanese Market with Acquisition of 850 MW Energy Storage Portfolio, Set to Capture One of the World’s Fastest-Growing Energy Storage Markets - Business Wire (Apr 09, 2026)
- Calistoga Ditches Diesel for Hybrid Hydrogen-Battery System as PG&E Eyes Scalable Clean Resilience - Fuel Cells Works (Sep 04, 2025)
- 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 (Mar 03, 2024)
- Energy Vault Holdings, Inc. Announces New Hire Awards Under NYSE Listing Rule 303A.08 - Business Wire (Aug 20, 2026)
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About Energy Vault: questions and answers
What does Energy Vault do?
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 electricit
Where is Energy Vault headquartered?
Energy Vault is headquartered in Westlake Village, California, United States.
How many employees does Energy Vault have?
Energy Vault has about 160 employees.
Has Energy Vault raised funding?
Yes. Fundz has recorded 4 funding events for Energy Vault. The most recent, Debt Financing of $137.5M, was in Aug 2026.
Who leads Energy Vault?
Chris Wiese is a President at Energy Vault.
What is the latest news on Energy Vault?
On Sep 22, 2026, Energy Vault acquires Goshe Energy Storage projects
Is Energy Vault a public company?
Yes. Energy Vault is publicly traded under the ticker NRGV.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy