Energy Vault Holdings Inc. has secured an additional $50 million in corporate debenture financing from YA II PN, Ltd. This funding is in addition to the previously announced $300 million preferred equity investment for "Asset Vault," providing the company with increased financial flexibility to support its growth in energy storage project development and execution.
The company'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.
Energy Vault's innovative technology portfolio delivers customized short, long, and multi-day/ultra-long duration energy storage solutions, helping utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability.
The company has executed an "own & operate" asset management strategy since 2024, generating predictable, recurring, and high margin tolling revenue streams. This approach positions Energy Vault 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 -5.02% to a price of $3.03. For more information, read the company's full 8-K submission here.
