NRGV News & Events

Energy Vault Holdings announced its formal entry into the Japanese market through a binding agreement to acquire a pipeline of BESS projects from a leading domestic energy storage developer. The transaction includes the integration of an established team of local energy experts and the acquisition of a high-quality, 850 MW Battery Energy Storage System development portfolio, positioning Energy Vault to capitalize on one of the fastest growing and structurally-advantaged energy storage markets among developed economies. The acquired portfolio consists of 350 MW of advanced-stage BESS projects targeted to commence construction in H2 2027 and reach commercial operations beginning in H2 2028. The portfolio also includes 500 MW of early-stage BESS projects, providing a robust, multi-year growth pipeline that positions Energy Vault for long-term leadership in the Japanese energy storage market.

Energy Vault Holdings announced the acquisition of the McMurtre Battery Energy Storage System, BESS, a 175 MW / 350 MWh battery energy storage project located near Dallas, Texas. The project, acquired from Belltown Power, represents a significant addition to Energy Vault's growing U.S. energy storage portfolio and marks a further milestone in the Company's previously announced plan to deploy an initial 1,500 MW of BESS capacity - a target first outlined at Energy Vault's 2025 Investor and Analyst Day. Energy Vault intends to contribute the project to its Asset Vault investment platform upon the project achieving Ready-to-Build status.

The major averages closed lower following a series of volatile sessions where markets have swung sharply based on headlines tied to the Middle East conflict and energy supply disruptions. Reports of fresh attacks on Iranian energy infrastructure caused intraday swings in both oil and equities once again on Wednesday.Traders also reacted to news from the U.S. Federal Reserve, which maintained the federal funds rate, saying that economic uncertainty "remains elevated" given developments in the Middle East. Of note, the Fed said the median projection for the funds rate by the end of 2026 remains at 3.4%, indicating most officials at the central bank still expect at least one quarter-point cut to interest rates this year.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:General Millsreportedand reiterated its FY26 outlookMacy'sreportedand provided guidance for FY26Lululemonreportedand provided its outlook for Q1 and FY26Compassdismissedagainst ZillowThe Federal Reserve left the federal funds rate2. WALL STREET CALLS:CitiConstellationto Buy on better beer trendsTruistBlockto Buy following 40% reduction in forceTrade Deskat Rosenblatt and Stifel amid pressures from agenciesRBC CapitalStarbucksto Sector Perform on balanced risk/rewardCF Industriesto Underperform at Mizuho3. AROUND THE WEB:Kraft Heinzand Unileverdiscussed a potential food merger, FT reportsFox Corp.and Kalshi are in talks on a partnership deal, Front Office Sports reportsMicrosoftis weighing legal action against Amazonand OpenAI over a $50B deal that may breach its exclusive cloud partnership with OpenAI, FT reportsThe U.S. government confirmed that Teslais the customer behind LG Energy Solution's $4.3B LFP battery supply deal, ending speculation since the contract was disclosed last July, Electrek saysNebiusintends to raise about $3.75B in convertible debt to use for its data center expansion and to purchase customized chips, and plans to offer the notes in two series, at $2B due in 2031 and $1.75B in 2033, Bloomberg says4. MOVERS:Ovid Therapeuticsgains after, Phase 1 clearance for OV4071, and results for Q4Nextnavand Energy VaultincreasesnVent Electrichigher in New York after updating itsGeminilower after Citithe stock to SellSailPointfalls afterand providing guidance for FY275. EARNINGS/GUIDANCE:Williams-Sonomaand provided guidance for FY26Spire Globaland provided guidance for Q1 and FY26Jabiland raised its guidance for FY26Weibo, with EPS missing consensusOrbit International, with EPS and revenue lower year-over-yearINDEXES:The Dow fell 768.11, or 1.63%, to 46,225.15, the Nasdaq lost 327.11, or 1.46%, to 22,152.42, and the S&P 500 declined 91.39, or 1.36%, to 6,624.70.