Financial Data and Key Metrics Changes - Revenue for Q3 2022 was $1.7 million, primarily from battery storage projects, with $1.2 million from Jupiter and $0.5 million from construction support services to Atlas Renewable [34] - Gross profit for Q3 2022 was $71,000, reflecting the mix of revenue sources [34] - Total operating expenses for Q3 2022 were $36.3 million, up from $22.4 million in Q2 2022, driven by increased stock-based compensation and depreciation [35] - Adjusted EBITDA for Q3 2022 was a negative $17.2 million, compared to a negative $14.2 million in Q2 2022 [37] - As of September 30, 2022, the company had approximately $274.7 million in cash and equivalents, positioning it well for growth objectives [38] Business Line Data and Key Metrics Changes - The company converted nearly 500 megawatt hours of prior project awards to signed booked orders and executed over 2 gigawatt hours of new project awards in the quarter [11] - Total signed contracts and customer project awards reached 4.8 gigawatt hours, representing approximately $2 billion of potential revenue [11] - The company announced a 275-megawatt hour project with Wellhead Electric and a 220-megawatt hour project with Jupiter Power, with engineering procurement construction already begun [19] Market Data and Key Metrics Changes - The company is expanding into the European market and has made significant inroads in Australia and China, with a focus on energy storage technology [18][22] - The energy storage market is expected to grow over 20% annually for the next decade, with Energy Vault positioned to be a significant leader [16] - The introduction of green hydrogen as a third pillar of the storage technology portfolio is expected to address market needs for integrated solutions [17] Company Strategy and Development Direction - The company focuses on large-scale projects and technology diversification to meet customer needs, emphasizing a solutions-based approach [12][17] - The strategy includes leveraging software capabilities for energy management and system integration, enhancing flexibility for customers [15] - The company aims to execute on its 2022 regional priorities for deployment in the US, Australia, and China, with plans for further geographic expansion [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2022 revenue guidance of $75 million to $100 million and adjusted EBITDA guidance of a loss of $10 million to a profit of $3 million [40] - The company anticipates continued commercial momentum and strong visibility into project progress, which supports its revenue outlook [40] - Management highlighted the importance of execution and operational excellence as key focuses for the upcoming quarters [28] Other Important Information - The company has made key hires to support project management and execution efforts, including a new CFO and other leadership roles [27] - The company is committed to meeting or exceeding investor expectations and maintaining transparency regarding its growth trajectory [29] Q&A Session Summary Question: Details on the two-gigawatt hours of shortlisted projects - Management indicated a strong conversion rate from shortlisted to awarded projects, emphasizing a focus on large projects to optimize technical differentiation [44] Question: Margin profile for the business next year - Management expects initial project margins to be in the mid to high single-digit range, with additional revenue streams from long-term service agreements and software [46] Question: Battery supply chain strategy and contracts - The company secures battery supply in advance of project awards, ensuring no risk in scheduling and material availability [48] Question: Accounting for the two-gigawatt deal with Atlas - The royalty stream from the Atlas deal is set at 5% of total project revenue, with further details expected as the partnership develops [55][56] Question: 2023 revenue outlook and project delays - Management expects revenue to ramp up throughout 2023, with Q1 being the lowest quarter, and has built contingencies into their plans to manage execution risks [61]

ENERGY VAULT l Preeminent Energy Storage Company INVESTOR PRESENTATION l Third Quarter 2022 © 2022 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 busi ...

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 September 30, 2022 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. (NYSE:NRGV) Q2 2022 Results Conference Call August 8, 2022 8:00 AM ET Company Participants Laurence Alexander - CMO Robert Piconi - Chairman, CEO David Hitchcock - Interim CFO Conference Call Participants Joseph Osha - Guggenheim Partners Stephen Gengaro - Stifel Thomas Boyes - Cowen Brian Lee - Goldman Sachs Noel Parks - Tuohy Brothers Operator Ladies and gentlemen, good morning, and welcome to the Energy Vault Q2 FY '22 Earnings Conference Call. At this time, all participants a ...

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 June 30, 2022 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. (NYSE:NRGV) Q1 2022 Earnings Conference Call May 16, 2022 5:00 PM ET Company Participants Robert Piconi ??? Co-Founder, Chief Executive Officer David Hitchcock ??? Interim Chief Financial Of???cer Laurence Alexander ??? Chief Marketing Officer Conference Call Participants Stephen Gengaro ??? Stifel Financial Corp. Thomas Boyes Jr. Jr. ??? Cowen and Company Joseph Osha ??? Guggenheim Partners Brian J. Lee ??? Goldman Sachs Noel Parks ??? Touhy Brothers Investment Research Inc. Ope ...

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, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of Principal Executive Offices) (Zip Code) (805) 852-0000 Registrant's telephone number, including area code ___________________________________ Securities regist ...

Financial Performance - For the year ended December 31, 2021, the company reported a net loss of $3,338,538, which included formation and operational costs of $1,247,217 and a change in fair value of warrant liability of $1,865,833 [281]. - Cash used in operating activities for the year ended December 31, 2021, was $1,153,887, with a net loss impacted by interest earned on marketable securities of $15,823 [285]. IPO and Fundraising - The company completed its IPO on February 8, 2021, raising gross proceeds of $287,500,000 from the sale of 287,500,000 Units at $10.00 per Unit [283]. - The company incurred $6,224,714 in transaction costs related to the IPO, including $5,750,000 in underwriting fees [284]. Cash and Securities - As of December 31, 2021, the company had cash and marketable securities held in the trust account totaling $287,515,823, intended for completing a business combination [287]. - The company had cash of $396,295 held outside the trust account as of December 31, 2021, primarily for identifying and evaluating target businesses [288]. Debt and Financing - The company has no long-term debt or off-balance sheet financing arrangements as of December 31, 2021 [292]. Acquisition Plans - The company anticipates incurring significant costs in pursuing acquisition plans and cannot assure the success of completing a business combination [278]. - The company does not expect to generate operating revenues until after completing its initial business combination [279]. Equity Classification - The company’s Class A common stock subject to possible redemption is classified as temporary equity, reflecting certain redemption rights [300].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents (I.R.S. Employer Identification No.) Delaware 85-3230987 For the transition period from to Commission file number: 001-39982 8556 Oakmont Lane NOVUS CAPITAL CORPORATION II Indianapolis, IN 46260 (Address of principal executive offices) (Exact Name of Registrant as Specified in Its Charter) (State or other juri ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2021 ☐ 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 NOVUS CAPITAL CORPORATION II (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3230987 (State or ot ...