Energy Vault

28/05/2026

150 metres below Monte Sinni in Sardinia, where coal was extracted for almost a century, Energy Vault is working to transform a former mine into a European laboratory for the energy transition, bringing clean energy, AI infrastructure and a new chapter to a region defined by its industrial past.

Read the full story here: https://hubs.la/Q04jbCjF0

A 150 metri sotto il Monte Sinni, dove per quasi un secolo si è estratto carbone, potrebbero presto arrivare server, energia pulita e infrastrutture per l’inte…

27/05/2026

Energy Vault Closes Acquisition of 850 MW Energy Storage Portfolio from BayWa r.e. AG, Establishing Immediate Operational Platform to Capture Growth in Japan.

The transaction establishes an immediate operational presence in one of the world's most compelling energy storage markets, bringing not just a premium project pipeline, but an experienced local team with deep expertise in land rights, regulatory permitting, and utility interconnections.

The portfolio includes 350 MW of advanced-stage projects expected to reach NTP in H2 2027, with commercial operations beginning mid-2028, plus 500 MW of early-stage projects supporting long-term growth. Projects are configured with three-hour storage duration, generating higher EBITDA per MW than shorter-duration assets in other markets.

This brings Energy Vault's global owned asset portfolio to over 1 GW, contributing to $180M+ in expected annual recurring EBITDA as projects come online.

Japan's need for flexible, reliable storage is accelerating. Energy Vault is positioned to deliver at scale.

Read the full announcement: https://hubs.la/Q04j0rJl0

19/05/2026

Energy Vault has appointed Cory Magnuson as President of Asset Vault and announced the expansion of the Asset Vault financing platform to cover its AI compute infrastructure solutions, including Powered Land and Powered Shell edge modular data centres.

Cory brings more than 18 years of experience in energy infrastructure development and finance, having raised over $3 billion in project and corporate financing across the capital stack. Most recently CFO of Spearmint Energy, he has also held senior roles at BrightNight and BlackRock, with deep expertise spanning project finance, tax equity, structured infrastructure capital, and long-term asset monetisation.

In his new role, Cory will oversee all financing and capital formation across Energy Vault's growing global infrastructure portfolio, accelerating the Company's ability to scale infrastructure ownership and secure long-term project financing across both energy storage and AI infrastructure assets.

Read the full announcement: https://hubs.la/Q04h5_KK0

18/05/2026

Our CEO Robert Piconi joined CNBC Africa to discuss our agreement with Eskom to deploy energy storage systems in South Africa and across the Southern African region.

Watch the full interview:

Energy Vault Holdings has signed a deal with Eskom, to deploy energy storage systems in South Africa and across the Southern African region. CNBC Africa spoke with the CEO, of the US energy storage company, Rob Piconi.

12/05/2026

Energy Vault has entered into a strategic development agreement with Eskom Hld SOC Ltd, South Africa's state-owned electricity utility, to deploy long-duration gravity energy storage at the Hendrina Power Station in Mpumalanga.

The first system will deliver 25 MW / 100 MWh of storage, fully scalable up to 4GW. Energy Vault's EVx 2.0™ technology will use waste coal ash from the Hendrina site as the storage medium, turning a legacy coal asset into a long-duration energy storage facility - The same infrastructure that powered the old economy becomes the foundation for the new one.

For Southern Africa, where coal currently accounts for over 80% of South Africa's electricity supply, long-duration storage is not a future consideration. It is the mechanism that makes the transition possible, keeping the grid reliable as renewables scale.

Read the full press release here: https://hubs.la/Q04gcQHF0

05/05/2026

Today we reported our Q1 2026 financial results. Some of our key results include significant progress in our MWs under management moving from 440MW to 1.1 GW (up 500% YoY), a backlog of $1.35 billion, up 108% year-over-year, and Q1 revenue growing 156% YoY. We've also completed the acquisition of the McMurtre BESS project in Texas, entered the Japanese market, and added 100MW of AI compute infrastructure projects. Lastly, Full year 2026 guidance has been reaffirmed.

We invite you to join our earnings call today at 430pm ET: https://hubs.la/Q04fxvSf0

To read the full release, please visit: https://hubs.la/Q04fxDw50

24/04/2026

Energy Vault co-founder and CEO Robert Piconi joins eRENEWABLE's The Green Insider Podcast to talk about the strategic shift that defines where Energy Vault is heading: from technology provider to owner-operator of energy storage assets.

It's a significant move, and one that puts Energy Vault directly in the path of the biggest infrastructure challenge of the next decade.

In Episode 322, Robert covers the thinking behind the transition, what it means in practice across Energy Vault's growing portfolio, and how AI is being applied not just to the grids these assets support, but to the assets themselves, battery monitoring, predictive analytics, and dispatch optimisation.

He also walks through the PG&E Calistoga project, Energy Vault's new long-term energy service agreements in Texas and Australia, and the supply chain strategy that allows Energy Vault to stay flexible, across battery providers, domestic content requirements, and an evolving regulatory landscape.

If you're thinking about where energy storage, AI infrastructure and grid reliability intersect, this is the conversation.

Listen to the full podcast here:
Apple: https://hubs.la/Q04dh9qc0
Spotify: https://hubs.la/Q04dh9s60

22/04/2026

Earth Day is a reminder of what we’re working towards every day.

At Energy Vault our purpose is clear: to enable a sustainably energized world. We’re focused on delivering scalable energy solutions that accelerate renewable integration, enhance grid reliability, and create long-term value for the communities and markets we serve.

This Earth Day we are encouraging our teams across the globe to step into their local communities and give back, turning commitment into action. Creating a more sustainable future takes all of us.

On Earth Day, and every day, we remain focused on building a more sustainable energy future.

13/04/2026

Last week, Energy Vault was recognized by Nasdaq in Times Square, an exciting milestone that reflects the continued momentum behind our business and the broader energy storage sector.

As we scale our global portfolio, this moment underscores the progress we’ve made imbedding sustainability into our business and executing on our Own & Operate strategy.

Recognition like this reinforces the importance of what we’re building: infrastructure that supports grid stability, accelerates renewable integration, and delivers sustainable long-term value for our stakeholders.

The future of energy storage is being built now - and we’re proud to be part of it.

09/04/2026

Energy Vault continues to expand its global energy storage platform with the acquisition of an 850 MW energy storage portfolio in Japan.

Transaction highlights:

* Establishes an immediate localized presence in Japan
* Adds 350 MW of advanced-stage projects expected to reach NTP in H2 2027
* Commercial operations targeted for mid-2028
* Includes onboarding of an experienced local development team
* Brings Energy Vault’s owned assets globally to over 1 GW

The portfolio is expected to support $180M+ in annual recurring EBITDA run rate.

Read the full press release: https://hubs.la/Q04b8-nv0