Energy Vault Holdings, Inc. NRGV

What this company does

Energy Vault delivers a diversified portfolio of energy storage solutions to third parties, including proprietary gravity, battery and green hydrogen-based technologies, supported by its technology-agnostic energy management software and integration capabilities. Beginning in 2024, it initiated a multi-year transition from primarily delivering projects through build-and-transfer arrangements and licensing models toward a more integrated model that includes selectively developing, owning and operating energy storage assets, while continuing to provide technology, integration, software and long-term services to customers. It sells and licenses its energy storage solutions to third parties, in addition to selectively owning and operating energy storage systems that incorporate its energy storage equipment and software. As of December 31, 2025, it employed 142 full-time employees and six part-time employees, distributed across six different countries. As of December 31, 2025, it had 32 issued patents and 19 active patent applications pending in the U.S. Energy Vault Holdings, Inc. is a Delaware corporation that, on February 11, 2022, completed a business combination with Energy Vault, Inc. and, in connection with the closing, changed its name from Novus Capital Corporation II to Energy Vault Holdings, Inc.

Written from the business description in Energy Vault Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 March 2026. Every sentence was checked against that document before publication.