Energy Vault Secures $300M Investment, Launches Asset Vault Platform

By Philip Seaworth • Tuesday, October 14 15:31 • Permanent Link

Energy Vault Holdings Inc. has closed a $300 million preferred equity investment with Orion Infrastructure Capital (OIC), officially launching its "Asset Vault" platform, a fully consolidated subsidiary dedicated to developing, building, owning, and operating energy storage assets globally. The investment by OIC highlights Energy Vault's attractive development pipeline and integrated independent power producer (IPP) strategy, accelerating the path to over $100 million in recurring annual EBITDA. The partnership will enable the deployment of over 1.5GW of energy storage across high-growth markets in the U.S., Australia, and Europe. The Asset Vault platform creates a vertically integrated ecosystem capturing value across the entire energy storage lifecycle, combining Energy Vault's operational expertise with long-term asset ownership to generate predictable, recurring cash flows. The company expects Asset Vault to generate over $100 million in recurring annual EBITDA within the next 3-4 years. Energy Vault closed the preferred equity investment with OIC, marking a pivotal moment in its evolution to a fully-integrated independent power producer with proven execution capabilities. The investment is non-dilutive to common shareholders and includes milestones for common equity participation in the listed company for strong shareholder alignment. The company expects to draw nearly $200 million over the next six months to commence work on two additional late-stage projects in the U.S. and Australia, which includes the 125MW / 1,000MWh Stoney Creek Bess, along with the advancement of additional pipeline projects under development. Asset Vault consolidates Energy Vault’s growing portfolio of contracted and operational storage projects, with 3GW and 12+GWh of top-tier projects identified, acquired, and/or in operation today across the U.S., Europe, and Australia. The company will host a virtual investor and analyst day on October 29th, 2025, to provide an overview of the Asset Vault portfolio, update on project funnel, timing, contribution, and investment criteria. Jefferies LLC acted as the sole placement agent and exclusive financial advisor, and Vinson & Elkins LLP acted as legal advisor to Energy Vault. Greenberg Traurig, LLP acted as legal advisor to OIC. Today the company's shares have moved 12.28% to a price of $3.75. If you want to know more, read the company's complete 8-K report here.

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