$NRGV

Energy Vault Acquires Land for 125-MW Stoney Creek Battery Project in Australia

Energy Vault Holdings (NRGV) said it completed the acquisition of land underlying its 125-megawatt Stoney Creek battery energy storage project in New South Wales, Australia, as the project advances to the construction phase.According to the company's statement on Thursday, it acquired the land after receiving approval from Australia's Foreign Investment Review Board, converting its previous lease agreement into full ownership of the project site.It said that the acquisition provides long-term site control, while helping further de-risks the project as it moves toward construction.Construction of the 1-gigawatt-hour battery project is expected to begin in the first quarter of 2027, with commercial operations targeted for the first half of 2028, subject to final approvals.The project is backed by a 14-year Long-Term Energy Service Agreement awarded through AEMO Services under the New South Wales Electricity Infrastructure Roadmap, which is expected to generate between $25 million and $30 million in annual long-term revenue.Energy Vault's Stoney Creek Battery Energy Storage System is designed to provide eight hours of dispatchable energy storage capacity once it begins operations.

Energy Vault's 100 MW Sardinia AI Project Wins Italian Strategic Interest Status

Energy Vault Holdings (NRGV) said on Wednesday that its planned artificial-intelligence data center in Sardinia has been designated a project of pre-eminent national strategic interest by the Italian government.The Digital Vault Sulcis project, at the former Carbosulcis coal mining complex in Nuraxi Figus, will initially include an AI data center with about 30 megawatts of capacity, integrated with renewable power generation and energy storage.Energy Vault said that the wider campus is planned to expand in phases to about 50-60 MW of IT capacity and up to 100 MW of total site power capacity.The designation by Italy's Council of Ministers allows for a more coordinated process for the remaining administrative and authorization requirements.Energy Vault said that a special government commissioner is expected to be appointed to coordinate the process with regional authorities and support the project toward a required single authorization.The company plans to begin construction in 2028, with commercial operations expected by 2030, subject to final approvals and other development milestones.The project is part of a broader push by Italy to strengthen digital infrastructure and develop domestic AI capacity, while attracting investment in data centers and advanced technologies.Energy Vault said Digital Vault Sulcis marks an expansion of its "build, own and operate" model into AI infrastructure. The company plans to combine land, power, energy storage, digital infrastructure and long-term asset ownership at the Sardinian site.Energy Vault said the Sardinia campus is intended to become its flagship AI infrastructure project in Europe and contribute to the industrial redevelopment of the Sulcis region.Price: $3.22, Change: $-0.05, Percent Change: -1.56%

Energy Vault Signs 1.25 GW Texas AI Data Center Power Deal

Energy Vault Holdings (NRGV) has signed a strategic agreement to supply 1.25 gigawatts of integrated power infrastructure for hyperscaler artificial-intelligence data centers in Texas, it said on Friday in a statement which did not name the counterparty.The company expects the agreement, which was its single-largest contract to date, to contribute between $500 million and $600 million in incremental revenue from H2 2026 and into 2027, according to its press release on Friday.Energy Vault will provide battery energy storage systems, grid-forming power conversion systems and AI infrastructure control software.An unnamed national power-generation EPC contractor will provide turnkey generation infrastructure using Caterpillar gensets.The companies plan to build integrated off-grid power systems that can bring AI computing capacity online without waiting for traditional utility grid connections, with initial deployments expected over the next four to twelve months.The company said that its modular architecture could later incorporate utility power, renewable generation and other distributed-energy resources as the data-center campuses expand.

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Friday afternoon, with the NYSE Energy Sector Index falling 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.3%.The Philadelphia Oil Service Sector Index was shedding 1.4%, and the Dow Jones US Utilities Index rose 0.8%.In geopolitical news, Iranian lawmakers are debating the wording of a proposed deal with Oman on the Strait of Hormuz, with President Donald Trump insisting an agreement is getting closer, Bloomberg reported. Iran's Deputy Foreign Minister Kazem Gharibabadi said earlier this week that an understanding with Oman had been reached "in principle," and state TV cited one lawmaker on Friday as saying the final text and details of an agreement with Muscat will be announced "soon," according to the news report.Front-month West Texas Intermediate crude oil slid 0.5% to $76.92 a barrel, and the global benchmark Brent crude contract fell 0.7% to $81.95 a barrel. Henry Hub natural gas futures gained 1% to $2.67 per 1 million BTU.In corporate news, Vistra's (VST) shares were down 0.3% after it reported Q2 results that fell short of consensus expectations.Calumet (CLMT) shares fell 6% after the company reported Friday it narrowed its Q2 loss to $1.09 per basic share, from a loss of $1.70 a year earlier. Analysts expected earnings of $0.07.Oklo (OKLO) shares jumped past 14% after it posted better-than-expected revenue for Q2.Energy Vault (NRGV) shares surged 17% after it said Friday it signed an agreement to deploy 1.25 gigawatts of integrated power infrastructure for hyperscaler AI data centers, with the initial deployment backed by a customer contract in Texas.

Energy Vault Signs Deal to Deploy 1.25 GW AI Power Infrastructure in Texas

Energy Vault (NRGV) said Friday it signed a commercial agreement to deploy 1.25 gigawatts of integrated power infrastructure for hyperscaler AI data centers, with the initial deployment backed by a customer contract in Texas.The deployment will combine Energy Vault's battery energy storage systems, grid-forming power conversion systems and artificial AI control software with a partner's turnkey power generation and engineering, procurement and construction capabilities to provide grid-independent power for AI data centers.Energy Vault said the project is expected to generate about $500 million to $600 million of revenue in the second half of 2026 and 2027.Initial deployments are expected within the next four to 12 months, according to the company.Shares of Energy Vault were up more than 13% in Friday trading.Price: $3.35, Change: $+0.39, Percent Change: +13.18%

Energy Vault Holdings Insider Sold Shares Worth $265,200, According to a Recent SEC Filing

Michael Thomas Beer, Chief Financial Officer, on July 06, 2026, sold 65,000 shares in Energy Vault Holdings (NRGV) for $265,200. Following the Form 4 filing with the SEC, Beer has control over a total of 1,021,806 common shares of the company, with 1,021,806 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1828536/000187088926000010/xslF345X05/wk-form4_1783545154.xml

Citigroup Initiates Energy Vault at Neutral With $5.25 Price Target

Energy Vault Completes Acquisition of 850 MW Japan Energy Storage Portfolio From BayWa

Energy Vault (NRGV) said Wednesday it completed its acquisition of an 850 megawatt battery energy storage system development portfolio in Japan from BayWa.The deal provides Energy Vault with an in-country platform, a project pipeline, and a local development team, the company said.The portfolio includes about 350 megawatts of advanced-stage battery energy storage system projects expected to reach notice to proceed in the second half of 2027, with commercial operation dates expected to begin in mid-2028.Additionally, 500 megawatts of early-stage projects provide a multi-year development runway, the company said.Price: $5.33, Change: $+0.08, Percent Change: +1.52%

Cantor Fitzgerald Initiates Energy Vault Holdings at Overweight With $7 Price Target

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index decreasing 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) falling 1%.The Philadelphia Oil Service Sector Index was up 0.2%, and the Dow Jones US Utilities Index climbed 1%.In sector news, oil prices increased on Thursday as shipment activity through the Strait of Hormuz remained restricted despite a two-week ceasefire between Washington and Iran. The rebound in oil prices follows the sharpest one-day pullback since 2020 in the previous session as the US and Iran agreed to temporarily halt hostilities that had gripped the Middle East.Front-month West Texas Intermediate crude oil rose 5% to $99.24 a barrel, and the global benchmark Brent crude contract was advancing 2.5% to $97.12 a barrel.Henry Hub natural gas futures fell 1.5% to $2.68 per 1 million BTU.US natural gas stocks rose by 50 billion cubic feet in the week ended April 3, larger than the 48 billion increase expected in a survey compiled by Bloomberg as of 7:35 am ET and following a revised increase of 32 billion cubic feet in the previous week.In corporate news, Kosmos Energy (KOS) shares dropped 8.1% after Goldman Sachs downgraded the company's stock to sell from neutral, with a $2.25 price target.Chevron (CVX) expects higher commodity prices driven by the Middle East conflict to boost Q1 earnings in its upstream segment by up to $2.2 billion, though timing impacts could weigh on its bottom line. Its shares were down 1.2%.Exxon Mobil (XOM) is planning an overhaul in the spring and another at the end of the year at its Beaumont refinery in Texas, Reuters reported late Wednesday. Exxon shares shed 0.8%.Energy Vault (NRGV) shares gained 3% after it said Thursday it has agreed to buy a pipeline of battery energy storage system, or BESS, projects in Japan from a local company.