Energy Vault (NRGV) Secures $50 Million in Financing from YA II PN, Ltd.

By Ahmed Jameison • Monday, September 29 06:07 • Permanent Link

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 is on top of the previously announced $300 million preferred equity investment for "Asset Vault," providing flexibility to address the growing demand for energy storage and AI data center buildouts.

The funding agreement is separate from the $300 million preferred equity investment and will support Energy Vault's continued growth in energy storage project development and execution. With this new facility, the company aims to scale its business and deliver on growth projects without constraint.

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 been executing 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. Today the company's shares have moved -5.02% to a price of $3.03. Check out the company's full 8-K submission here.

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