The global push towards a cleaner energy future is accelerating, but a significant piece to the puzzle remains: the intermittency of renewable energy sources like solar and wind. This challenge has fueled a market for energy storage solutions, and one company leading the charge is Energy Vault NYSE: NGRV. Energy Vault is committed to decarbonization and addressing the intermittent nature of renewable energy sources. The company recently announced a significant 1.0 GWh energy storage project in Australia, w ...

I'm an avid investor with a long-term, and sometimes contrarian, approach to equities investing. I started out as a Tech analyst but now also cover Commodities and Energy sectors as the world navigates the energy transition.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ( ...

Financial Data and Key Metrics Changes - The company reported revenue of $3.8 million for Q2 2024, reflecting a decrease compared to the previous year due to project timing and percentage of completion accounting [20] - Gross margin improved to 27.8%, up from 9.8% year-over-year, indicating a favorable revenue mix as projects were completed [20] - Adjusted EBITDA was negative $15.8 million, an improvement of 12% year-over-year, with adjusted operating expenses declining by 23% to $16.9 million [21][22] Business Line Data and Key Metrics Changes - The company is focusing on owning and operating specific projects, with notable projects including the largest green hydrogen storage project in the U.S. and a battery project in Texas [8][9] - The backlog increased to $264 million, reflecting new long-term service agreements and projects with ACEN in Australia, up approximately 17% since the last Analyst Day [13] Market Data and Key Metrics Changes - The developed pipeline reached $2.8 billion, with over half associated with projects from existing customers or strategic partners, indicating strong confidence in conversion to contract bookings [12] - The company is expanding its regional presence with new projects in Australia and Brazil, highlighting growth in key markets [19] Company Strategy and Development Direction - The company outlined a strategy focusing on high-growth regions for energy storage, predictable revenue streams, and optimizing product mix for profitability [4][5][6] - A new hybrid gravity and lithium-ion energy storage project was announced in Sardinia, Italy, showcasing the company's innovative approach to energy storage [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the structural trends in the energy storage industry, particularly due to increased demand for renewable energy solutions driven by generative AI and data centers [15] - The company aims to leverage its unique technology and solution-based approach to create a competitive advantage in the energy storage market [16] Other Important Information - The company maintains a strong balance sheet with over $110 million in cash and no debt, positioning itself well for future growth [14][23] - Management expects adjusted operating expenses to be reduced by $3 million to $4 million in the second half of 2024 [22] Q&A Session Summary Question: Focus on owning and operating specific projects - Management clarified that there is no specific technology focus for owning and operating projects, but rather an emphasis on project economics and financing attractiveness [25][26] Question: Performance update for Rudong EDx system - Management is awaiting final approval for full operation and is currently measuring performance metrics [27][28] Question: Revenue guidance and pipeline opportunities - Management highlighted the importance of converting projects from the developed pipeline into actual bookings to meet revenue guidance [30][31] Question: Balance between build and transfer vs. own and operate - Management indicated that the decision is based on the attractiveness of the project rather than being purely customer-driven [34][36] Question: Implementation timeframe for new projects - Management noted that the new modular pumped hydro system is expected to move quickly due to existing infrastructure and prior testing [41][43] Question: Development of the software layer - Management confirmed that the software is productized and has been successfully operating across multiple projects, with potential for standalone sales [46][50]

NRGV LISTED NYSE Energy Vault The Energy Storage Company Financial Results | Second Quarter 2024 © 2024 ENERGY VAULT HOLDINGS INC. - ALL RIGHTS RESERVED Disclaimer Forward-Looking Statements This presentation includes forward-looking statements that reflect the Company's current views with respect to, among other things, the Company's operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our ...

Energy Vault Holdings, Inc. (NRGV) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -63.64%. A quarter ago, it was expected that this company would post a loss of $0.14 per share when it actually produced a loss of $0.14, delivering no surprise. Over the last four quarters, the company has no ...

Table of Contents ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 per share NRGV New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...

Exhibit 99.1 Energy Vault Reports Second Quarter 2024 Financial Results Announced new 400MWh battery storage project in Australia with ACEN, hired new Head of Global Sales and entered partnership with structural engineering firm Skidmore Owings & Merrill (SOM) to integrate gravity energy storage within superstructure building design Q2 GAAP Gross margin of 27.8% driven by strong management and execution on U.S. battery projects Q2 GAAP Net Loss of $(26.2) million; Q2 Adjusted EBITDA improved $2.3 million or ...

NERGY VAULT® a a Renewable Wor Investor & Analyst Day UNLOCKING THE VAULT NEW YORK, 9 MAY 2024 Disclaimer Forward-Looking Statements This presentation includes forward-looking statements that reflect the Company's current views with respect to, among other things, the Company's operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements offen incl ...

(Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-39982 ___________________________________ ENERGY VAULT HOLDINGS, INC. ____________________ ...

Energy Vault Holdings, Inc. (NRGV) closed the most recent trading day at $1.23, moving -1.6% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.46%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.The company's stock has dropped by 27.75% in the past month, falling short of the Oils-Energy sector's gain of 4.21% and the S&P 500's loss of 3.04%.Investors will be eagerly watching for the performance of Energy Vault Holdings, Inc. i ...