Energy Vault Holdings Inc. (NYSE: NRGV) has secured an additional $50 million in corporate debenture financing from YA II PN, Ltd. This working capital facility complements the previously announced $300 million preferred equity investment for "Asset Vault," providing the company with increased financial flexibility to address the growing demand for energy storage and AI data center buildouts.
The new funding agreement is separate from the pending $300 million preferred equity investment and will support Energy Vault's continued growth in energy storage project development and execution.
Energy Vault's 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 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. As a result of these announcements, the company's shares have moved -5.02% on the market, and are now trading at a price of $3.03. Check out the company's full 8-K submission here.
