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 ...

© 2024 ENERGY VAULT, ALL RIGHTS RESERVED 1 © 2024 ENERGY VAULT, ALL RIGHTS RESERVED 2 M A R K E T © 2024 ENERGY VAULT, ALL RIGHTS RESERVED 3 S u p p l y a n d D e m a n d a n d D e c a r b o n i z a t i o n C o n u n d r u m M a k i n g S t o r a g e a n I m p e r a t i v e Storage – maintaining grid reliability as wind and solar become more pervasive W I N D P O W E R S O L A R P O W E R L E G A C Y P O W E R S U P P LY O F P O W E R Less predictable with wind & solar D E M A N D F O R P O W E R Growing in ...

Table of Contents 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 EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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. (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 ...

NYSE Disclaimer This presentation includes financial measures not prepared in accordance with accounting principles generally accepted in the United States ("GAAP"), including Adjusted EBITDA, which is supplemental financial information that is not required by, or presented in accordance with, GAAP. Our management uses non-GAAP financial measures for business planning purposes and in measuring our performance relative to that of our competitors. Our management believes that presenting non-GAAP financial mea ...

Conference Call Participants Bernie Colson Joining me on the call today is Robert Piconi, our Chairman and Chief Executive Officer; and Jan Kees van Gaalen, our Chief Financial Officer. The result has been the fastest-growing company in energy storage in only our first two years. We continue to monetize our long-duration gravity technology via regional license and royalty agreement that will pay longterm dividends and royalties and capped a tremendous second half of 2023, executing multiple battery energy s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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. _________________________ ...

Exhibit 99.1 Energy Vault Reports Fourth Quarter and Full Year 2023 Financial Results FY 2023 revenue of $341.5 million, up 134% YoY and 18% QoQ, within annual guidance range Increased cash position to $146 million with no debt, above prior guidance of $132 million from Q3 2023 Reduced quarterly cash Operating Expense run rate by 25-30% through actions taken in Q4 2023, enabling a 2024 reduced quarterly cash OpEx of $13-15 million to accelerate shift to cash flow positive exiting 2024 and FY 2025 FY 2023 gr ...

Energy Vault Holdings, Inc. (NYSE:NRGV) Q3 2023 Earnings Call Transcript November 9, 2023 4:30 PM ET Operator Joining me on the call today is Robert Piconi, our Chairman and Chief Executive Officer; and Jan van Gaalen, our Chief Financial Officer. where I have a keynote speech later on today, I'll be participating on a panel as well. So it's quite early in the morning here. And the conference here is focused on carbon neutrality and a Green Investment Conference hosted by some of the local government organi ...

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