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NRGV| Name | Value |
|---|---|
| Revenues | 11.4M |
| Cost of Revenue | 9.0M |
| Gross Profit | 2.4M |
| Operating Expense | 35.4M |
| Operating I/L | -32.9M |
| Other Income/Expense | 1.8M |
| Interest Income | 0.0M |
| Pretax | -31.2M |
| Income Tax Expense | -1.8M |
| Net Income/Loss | -29.4M |
Energy Vault Holdings, Inc. develops and sells gravity-based energy storage solutions, including the EVx Platform and Energy Vault Resiliency Center. These scalable, modular products cater to grid resiliency needs, offering capacities ranging from 40-megawatt hour to multi-gigawatt hours. The company's solutions enable utilities, independent power producers, and large energy users to efficiently manage their power portfolios and dispatch power. By addressing grid resiliency and energy disruptive climate events, Energy Vault Holdings, Inc. generates revenue through the sale of its energy storage systems to clients in the energy industry.
