3.62
+11.73%
Close of 9 Nov 2026, in USD
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About Energy Vault Holdings
From its filings with the US Securities and Exchange Commission
Energy Vault Holdings is based in Westlake Villiage, California and is incorporated in Delaware. Its shares trade on NYSE under the ticker NRGV. The SEC classifies its business as miscellaneous electrical machinery, equipment & supplies. In the fiscal year to 31 December 2025, it reported revenue of $203.7m and a net loss of $103.6m. At that date it held total assets of $312.9m and shareholders' equity of $67.5m. By region, Australia accounted for 61.0%, followed by United States at 36.4% and Other at 2.5%.
Energy Vault Holdings, Inc. (together with its subsidiaries, “Energy Vault” or the “Company”) is a Delaware corporation. On February 11, 2022, we completed a business combination with Energy Vault, Inc. (the “Merger”) and, in connection with the closing, changed our name from Novus Capital Corporation II to Energy Vault Holdings, Inc.
Energy Vault delivers a diversified portfolio of energy storage solutions to third parties, including proprietary gravity, battery, and green hydrogen-based technologies, supported by our technology-agnostic energy management software and integration capabilities. Beginning in 2024, we initiated a multi-year transition from primarily delivering projects through build-and-transfer arrangements and licensing models toward a more integrated model that includes selectively developing, owning, and operating energy storage assets, while continuing to provide technology, integration, software, and long-term services to customers. We believe this strategy is supported by our experience across multiple storage technologies, system integration and controls capabilities, and established global presence, as well as access to project-level capital through our Asset Vault platform.
Quoted from its 10-K, filed 18 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 29 Mar 2021
- Employees
- 142
- Head office
- 4165 EAST THOUSAND OAKS BLVD., WESTLAKE VILLIAGE, CA, 91362
- Incorporated in
- DE
- Classification
- Miscellaneous Electrical Machinery, Equipment & Supplies
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Robert PiconiChairman of the Board, Chief Executive Officer, since 2022$7.0m
- Mr. Michael BeerChief Financial Officer$2.3m
- Mr. Christopher WiesePresident- EV Labs
- Mr. Akshay LadwaChief Operations Officer, Chief Development Officer$1.7m
- Mr. Larry PaulsonLead Independent Director$350,636
- Mr. Dylan HixonDirector
- Mr. Thomas ErtelIndependent Director$249,706
- Ms. Theresa FarielloIndependent Director$228,950
- Ms. Mary MandanasIndependent Director$249,706
- Ms. Stephanie UnwinIndependent Director$236,434
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 80
- Environment
- 88
- Social
- 99
- Governance
- 53
- Direct emissions (scope 1)
- 350.6 t
- Energy emissions (scope 2)
- 116.6 t
- Value chain emissions (scope 3)
- 20,696 t
- Women in the workforce
- 20.8589%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Energy Vault Holdings Inc employs 142 employees in the US for electrical equipment solutions.
- The company's BESS and GESS systems support renewable energy integration in the US market.
- Energy Vault's portfolio includes BESS, GESS, and gHESS for diverse storage needs.
Weaknesses
- The company's 142 employees are fewer than the 170 mentioned in the business description.
- The US market has limited renewable energy storage infrastructure for GESS deployment.
- Energy Vault's IPO on March 29, 2021, is a recent event with unproven market traction.
Opportunities
- The US renewable energy sector offers growth for BESS and GESS solutions.
- Energy Vault can expand its gHESS systems in the green hydrogen market.
- The company's EMS platforms can integrate with global renewable projects.
Threats
- The US electrical equipment sector faces competition from established players.
- The US renewable energy market has regulatory challenges for new storage technologies.
- Energy Vault's GESS technology requires significant capital investment for scaling.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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