Group 1 - Energy Vault Holdings has signed a funding agreement with YA II PN for up to $50 million in corporate debenture financing, providing additional capital flexibility for energy storage development [1][3] - The company has an expanding portfolio that includes operating assets in Texas and California, a recently acquired 1 gigawatt hour Stoney Creek project in Australia, and a 3 gigawatt global pipeline of battery energy storage systems [2] - Energy Vault focuses on large-scale energy storage solutions, including battery, gravity, and green hydrogen technologies, aiming to provide sustainable energy storage worldwide [2][3] Group 2 - The new funding agreement follows a previously announced $300 million preferred equity investment with an infrastructure investor, which is subject to final closure [4] - The $300 million transaction will establish Asset Vault as a fully consolidated subsidiary focused on owning and operating storage assets backed by long-term offtake agreements, aiming to generate high-margin contracted cash flows [5] - The company has disclosed plans for the 57 megawatt/114 megawatt-hour Cross Trails battery energy storage system in Scurry County, Texas, scheduled for November 2024 [5]