Energy Vault Sparks Market with Rapid Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
Should l Buy NRGV?
Source: Marketbeat
Company Performance: Energy Vault (NYSE: NRGV) is on track to sustain high growth and improve profitability, with Q4 results showing a significant increase in revenue and operational capacity, leading to positive adjusted earnings.
Innovative Technology: The company focuses on utility-grade energy storage solutions, utilizing a gravity-fed system for long-term energy storage, which offers advantages over traditional battery systems.
Future Outlook: Energy Vault forecasts a 30% revenue growth for 2026, supported by increased capacity and a growing backlog, indicating a strong potential for continued profitability.
Market Sentiment: Despite recent positive results, analysts express caution, noting a sell-side bias and concerns about potential dilution and increasing debt, while some view the stock as overvalued.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy NRGV?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on NRGV
Wall Street analysts forecast NRGV stock price to rise
3 Analyst Rating
2 Buy
0 Hold
1 Sell
Moderate Buy
Current: 3.300
Low
2.00
Averages
3.73
High
5.19
Current: 3.300
Low
2.00
Averages
3.73
High
5.19
About NRGV
Energy Vault Holdings, Inc. develops, deploys and operates utility-scale energy storage solutions designed to transform the approach to sustainable energy storage. The Company's offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering energy system dispatching and optimization. Each storage solution is supported by its technology-agnostic energy management system software and integration platform. Its technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers and large industrial energy users. Its solutions include B-Vault, G-Vault, H-Vault and software solutions. Its software solutions include Vault-OS Energy Management System, Vault-Bidder, and Vault-Manager. Its projects include Calistoga Resiliency Center, Cross Trails Battery Energy Storage System (BESS), SOSA Energy Center, and McMurtre BESS.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Energy Vault Releases 2025 Corporate Sustainability Report
- ESG Score Improvement: Energy Vault achieved an ESG score of 74 from S&P Global in 2025, a five-point increase from 69 in 2024, placing the company in the 98th percentile of the Machinery and Electrical Equipment industry, thereby solidifying its leadership in energy storage.
- Global Project Expansion: The company has scaled its multi-gigawatt hour project portfolio while maintaining rigorous internal management system certifications, ensuring alignment with global sustainability frameworks, which enhances its market competitiveness and customer trust.
- Strategic Partnerships and Innovation: By establishing strategic partnerships in the rapidly growing AI and data center sectors, Energy Vault has evolved its Own & Operate model, optimizing data usage across project lifecycles to enhance environmental performance and site-level accountability.
- Significant Milestones: The 2025 report highlights key operational milestones, including market entries in Australia and Europe, and over 3 GWh of deployed or contracted systems in its global B-VAULT portfolio, demonstrating the company's strong commitment to financing critical energy infrastructure assets with $300 million in investments.
See More
Energy Vault Acquires 175 MW Battery Storage Project
- Acquisition Scale: Energy Vault's acquisition of the McMurtre Battery Energy Storage System, a 175 MW project near Dallas, Texas, raises its total owned assets to 715 MW within the Asset Vault platform, significantly enhancing its market position.
- Project Timeline: The McMurtre project is expected to receive notice to proceed in Q4 2026, with commercial operations targeted for December 2027, featuring an executed Small Generator Interconnection Agreement and full site control, ensuring a feasible and de-risked construction path.
- Revenue Expectations: While financial terms were not disclosed, Energy Vault anticipates the project will generate $15 million to $20 million in annual revenues over its technical life, representing total expected lifetime revenues of $350 million to $375 million, further driving the company's financial growth.
- Strategic Development: This acquisition advances Energy Vault's near-term 1,500 MW BESS deployment roadmap, reflecting the effectiveness of its three-asset-class strategy and enhancing its competitiveness in the renewable energy sector.
See More
Energy Vault Acquires McMurtre BESS Project to Enhance 1,500 MW Deployment Roadmap
- Project Acquisition: Energy Vault has acquired the 175 MW / 350 MWh McMurtre Battery Energy Storage System from Belltown Power, further advancing its 1,500 MW BESS deployment roadmap and enhancing its competitive position in the U.S. market.
- Revenue Projections: The project is expected to generate $15–$20 million in annual revenues over its technical life, with total expected lifetime revenues exceeding $350 million, showcasing strong financial potential and sustainable cash flows.
- Market Positioning: Located in the ERCOT North market, known for robust power price dynamics and rapidly growing data center demand, the McMurtre project ensures strategic fit and predictable future earnings.
- Portfolio Strategy: This acquisition increases Energy Vault's total installed capacity to 715 MW under its Asset Vault platform, reflecting the company's integrated strategy across battery storage, powered land, and powered shells, thereby strengthening its leadership in the global energy infrastructure market.
See More
Energy Vault Sparks Market with Rapid Expansion
Company Performance: Energy Vault (NYSE: NRGV) is on track to sustain high growth and improve profitability, with Q4 results showing a significant increase in revenue and operational capacity, leading to positive adjusted earnings.
Innovative Technology: The company focuses on utility-grade energy storage solutions, utilizing a gravity-fed system for long-term energy storage, which offers advantages over traditional battery systems.
Future Outlook: Energy Vault forecasts a 30% revenue growth for 2026, supported by increased capacity and a growing backlog, indicating a strong potential for continued profitability.
Market Sentiment: Despite recent positive results, analysts express caution, noting a sell-side bias and concerns about potential dilution and increasing debt, while some view the stock as overvalued.
See More
Energy Vault Holdings Reports Strong Q4 2025 Earnings and Strategic Transition
- Contract Backlog Growth: Energy Vault's contract backlog increased by 42% quarter-over-quarter to $1.3 billion, demonstrating strong momentum in the transition to the Asset Vault strategy, which is expected to drive high-margin recurring revenue streams in the future.
- Revenue and Profit Improvement: The company reported Q4 revenue of $153.3 million, a significant increase from $33.5 million in the prior year, with full-year revenue reaching $203.7 million and gross margin improving from 13.4% to 23.6%, reflecting substantial operational efficiency gains.
- Positive EBITDA Transition: Adjusted EBITDA turned positive at $9.8 million in Q4, a significant improvement from a loss of $13.4 million in the prior year, indicating strong growth in revenue and unit economics, which enhances future financial stability.
- 2026 Outlook: The company projects 2026 revenue between $225 million and $300 million, with gross margins expected to range from 15% to 25%, showcasing confidence in future growth while planning to support liquidity through project financing and customer receivables.
See More
Energy Vault Reports Q4 Earnings Exceeding Expectations
- Profitability Improvement: Energy Vault's Q4 2025 non-GAAP EPS of $0.02 exceeded expectations by $0.04, indicating a significant enhancement in the company's profitability and reflecting the effectiveness of its business model.
- Substantial Revenue Growth: The company reported Q4 2025 revenue of $153.3 million, a remarkable 358% increase year-over-year, surpassing estimates by $0.74 million, demonstrating strong sales growth amid surging market demand.
- Significant Margin Improvement: GAAP gross profit for 2025 reached $48 million, nearly 8 times higher than the previous year, with gross margin rising from 13.4% to 23.6%, well above the original 2025 guidance range, showcasing enhanced cost control and operational efficiency.
- Strong Cash Position: As of December 31, 2025, cash climbed to $103.4 million, up 67% sequentially from Q3 and over 300% year-over-year, providing robust financial support for the company's future expansion and investments.
See More
Energy Vault Releases 2025 Corporate Sustainability Report
- ESG Score Improvement: Energy Vault achieved an ESG score of 74 from S&P Global in 2025, a five-point increase from 69 in 2024, placing the company in the 98th percentile of the Machinery and Electrical Equipment industry, thereby solidifying its leadership in energy storage.
- Global Project Expansion: The company has scaled its multi-gigawatt hour project portfolio while maintaining rigorous internal management system certifications, ensuring alignment with global sustainability frameworks, which enhances its market competitiveness and customer trust.
- Strategic Partnerships and Innovation: By establishing strategic partnerships in the rapidly growing AI and data center sectors, Energy Vault has evolved its Own & Operate model, optimizing data usage across project lifecycles to enhance environmental performance and site-level accountability.
- Significant Milestones: The 2025 report highlights key operational milestones, including market entries in Australia and Europe, and over 3 GWh of deployed or contracted systems in its global B-VAULT portfolio, demonstrating the company's strong commitment to financing critical energy infrastructure assets with $300 million in investments.
See More
Energy Vault Acquires 175 MW Battery Storage Project
- Acquisition Scale: Energy Vault's acquisition of the McMurtre Battery Energy Storage System, a 175 MW project near Dallas, Texas, raises its total owned assets to 715 MW within the Asset Vault platform, significantly enhancing its market position.
- Project Timeline: The McMurtre project is expected to receive notice to proceed in Q4 2026, with commercial operations targeted for December 2027, featuring an executed Small Generator Interconnection Agreement and full site control, ensuring a feasible and de-risked construction path.
- Revenue Expectations: While financial terms were not disclosed, Energy Vault anticipates the project will generate $15 million to $20 million in annual revenues over its technical life, representing total expected lifetime revenues of $350 million to $375 million, further driving the company's financial growth.
- Strategic Development: This acquisition advances Energy Vault's near-term 1,500 MW BESS deployment roadmap, reflecting the effectiveness of its three-asset-class strategy and enhancing its competitiveness in the renewable energy sector.
See More
Energy Vault Acquires McMurtre BESS Project to Enhance 1,500 MW Deployment Roadmap
- Project Acquisition: Energy Vault has acquired the 175 MW / 350 MWh McMurtre Battery Energy Storage System from Belltown Power, further advancing its 1,500 MW BESS deployment roadmap and enhancing its competitive position in the U.S. market.
- Revenue Projections: The project is expected to generate $15–$20 million in annual revenues over its technical life, with total expected lifetime revenues exceeding $350 million, showcasing strong financial potential and sustainable cash flows.
- Market Positioning: Located in the ERCOT North market, known for robust power price dynamics and rapidly growing data center demand, the McMurtre project ensures strategic fit and predictable future earnings.
- Portfolio Strategy: This acquisition increases Energy Vault's total installed capacity to 715 MW under its Asset Vault platform, reflecting the company's integrated strategy across battery storage, powered land, and powered shells, thereby strengthening its leadership in the global energy infrastructure market.
See More
Energy Vault Sparks Market with Rapid Expansion
Company Performance: Energy Vault (NYSE: NRGV) is on track to sustain high growth and improve profitability, with Q4 results showing a significant increase in revenue and operational capacity, leading to positive adjusted earnings.
Innovative Technology: The company focuses on utility-grade energy storage solutions, utilizing a gravity-fed system for long-term energy storage, which offers advantages over traditional battery systems.
Future Outlook: Energy Vault forecasts a 30% revenue growth for 2026, supported by increased capacity and a growing backlog, indicating a strong potential for continued profitability.
Market Sentiment: Despite recent positive results, analysts express caution, noting a sell-side bias and concerns about potential dilution and increasing debt, while some view the stock as overvalued.
See More
Energy Vault Holdings Reports Strong Q4 2025 Earnings and Strategic Transition
- Contract Backlog Growth: Energy Vault's contract backlog increased by 42% quarter-over-quarter to $1.3 billion, demonstrating strong momentum in the transition to the Asset Vault strategy, which is expected to drive high-margin recurring revenue streams in the future.
- Revenue and Profit Improvement: The company reported Q4 revenue of $153.3 million, a significant increase from $33.5 million in the prior year, with full-year revenue reaching $203.7 million and gross margin improving from 13.4% to 23.6%, reflecting substantial operational efficiency gains.
- Positive EBITDA Transition: Adjusted EBITDA turned positive at $9.8 million in Q4, a significant improvement from a loss of $13.4 million in the prior year, indicating strong growth in revenue and unit economics, which enhances future financial stability.
- 2026 Outlook: The company projects 2026 revenue between $225 million and $300 million, with gross margins expected to range from 15% to 25%, showcasing confidence in future growth while planning to support liquidity through project financing and customer receivables.
See More
Energy Vault Reports Q4 Earnings Exceeding Expectations
- Profitability Improvement: Energy Vault's Q4 2025 non-GAAP EPS of $0.02 exceeded expectations by $0.04, indicating a significant enhancement in the company's profitability and reflecting the effectiveness of its business model.
- Substantial Revenue Growth: The company reported Q4 2025 revenue of $153.3 million, a remarkable 358% increase year-over-year, surpassing estimates by $0.74 million, demonstrating strong sales growth amid surging market demand.
- Significant Margin Improvement: GAAP gross profit for 2025 reached $48 million, nearly 8 times higher than the previous year, with gross margin rising from 13.4% to 23.6%, well above the original 2025 guidance range, showcasing enhanced cost control and operational efficiency.
- Strong Cash Position: As of December 31, 2025, cash climbed to $103.4 million, up 67% sequentially from Q3 and over 300% year-over-year, providing robust financial support for the company's future expansion and investments.
See More
