Energy Vault Holdings Inc. (NYSE: NRGV) has secured an additional $50 million in corporate debenture financing from YA II PN, Ltd. This new working capital facility aims to provide the company with the financial resources to continue scaling its business and delivering on its growth projects without constraint.
The $50 million facility is in addition to the previously announced $300 million preferred equity investment for "Asset Vault," which is pending final closure. Asset Vault will be formed as a fully consolidated subsidiary to house Energy Vault's storage assets that it will own and operate, supported by long-term offtake agreements.
Energy Vault's growing portfolio of owned and operated energy storage projects includes operational facilities in Texas and California, the recently acquired 1 GWh Stoney Creek project in Australia, and a robust pipeline of approximately 3 GW of battery energy storage systems across the U.S., Europe, and Australia.
Since 2024, Energy Vault has executed an "own & operate" asset management strategy designed to generate predictable, recurring, and high-margin tolling revenue streams, positioning the company for continued growth in the rapidly evolving energy storage asset infrastructure market. The market has reacted to these announcements by moving the company's shares -7.05% to a price of $2.965. If you want to know more, read the company's complete 8-K report here.
