Energy Vault Holdings Inc

NYSE:NRGVUnited States

Key Highlights:
-- Launching project financing for select U.S. projects, including the Calistoga Resiliency Center -- one of the world's largest utility-scale, ultra-long duration energy storage projects under a long-term agreement with PG&E. This first-of-its-kind hybrid hydrogen and battery energy storage system enables a cost-effective, community-scale, fully carbon-free microgrid that has the capability of storing and dispatching clean energy, on demand. -- Leveraging existing expertise from delivering 1 GWh of projects across the U.S. in prior 12 months with expansion into Australia following recent project awards and contracts. -- Accelerating 'Own & Operate IPP' strategy and increasing capital scale based on strong interest from strategic partners and investors. -- Engaged Jefferies to facilitate various capital investment alternatives including project financing, monetization of relevant tax credits, and optimization of capital deployment models.

Energy Vault Holdings, Inc. ("Energy Vault") (NYSE: NRGV), a global energy storage company today announced that, effective on September 24, 2024, the Compensation Committee of Energy Vault's Board of Directors granted restricted stock unit awards covering aggregate of 100,000 to new, non-executive employee under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the "Inducement Award Plan"). The Compensation Committee also granted an option to purchase 250,000 shares of the Company's common stock at an exercise price per share of common stock equal to the fair market value (as defined in the Inducement Award Plan) on the grant date; and awards of 500,000 restricted stock units and an additional 500,000 performance based restricted stock units to Greg Daily, the Group Executive under the Inducement Award Plan. The option, restricted stock units and performance based restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

"We are proud to have been recognized by S&P Global for our commitment to ESG, which is woven into the fabric of everything we do at Energy Vault," said Robert Piconi, CEO and Founder, Energy Vault. "This assessment affirms the leadership role that Energy Vault holds in the energy sector as it pertains to ESG, and we will continue to prioritize and expand our efforts to further improve. As a company, we remain dedicated to keeping sustainability at the heart of our day-to-day work as we continue to expand our global footprint in delivering turn-key energy storage systems and software to our customers around the world."

04:17 PM EDT, 09/16/2024 (MT Newswires) -- Robert Piconi, 10% Owner, Director, Chief Executive Officer, on September 13, 2024, executed a purchase for 300,000 shares in Energy Vault Holdings (NRGV) for $260,190. Following the Form 4 filing with the ...