Headquartered in Westlake Village, CA Fiscal year ends December NYSE: NRGV energyvault.com
Energy Vault Holdings (NYSE: NRGV) is an integrated power infrastructure platform. It builds, owns and operates energy storage, generation and energy management systems for utilities, independent power producers, industrial customers and AI/data center operators.
Its architecture is technology-agnostic and software-enabled. The portfolio spans short-, long- and multi-day duration storage, alongside generation assets such as Rolls-Royce MTU reciprocating engines.
The company earns revenue in two ways:
- **Build and Transfer:** project sales to third parties.
- **Build, Own & Operate:** long-term, recurring revenue from owned assets through leasing, tolling, energy supply and offtake arrangements. These are held largely in its Asset Vault platform.
As of November 2026, the company is expanding in several areas:
- an owned battery storage (BESS) development pipeline across the U.S., Australia and Japan, including the Goshe Energy Storage and BayWa Renewables portfolio acquisitions and the 125 MW / 1 GWh Stoney Creek project
- AI infrastructure, including the Digital Vault Sulcis project in Italy, the Snyder AI modular data center in Texas and a 1.25 GW hybrid generation-and-storage project for AI compute in Texas Updated
Backlog hit $2.3 billion, up 147% year over year, in a quarter management had already flagged as a light delivery window. Full-year 2026 revenue was affirmed at $290 million to $310 million, so nearly everything rides on fourth-quarter deliveries.
Energy Vault Holdings (NYSE: NRGV) is an integrated power infrastructure platform. It builds, owns and operates energy storage, generation and energy management systems for utilities, independent power producers, industrial customers and AI/data center operators.
The Wall Street consensus 12-month price target for NRGV is $5.96.