E

Energy Vault

Utility-scale gravity-based energy storage and EMS

Industrial Automation Engineer

Full-TimeUpdated on 10/23/2026
$84k - $234k/yr+ Annual bonus + Restricted Stock Units (RSUs)
Mid, Senior, Expert
Bachelor's, Master's, PhD, Associate's
Snyder, TX, USA
In PersonOnsite in Snyder; occasional weekends. Hybrid-remote periods may be negotiated subject to site activities and staffing.
Electrical EngineeringControls & Automation Engineering

About the job

Requirements
  • The candidate must have 3 or more years of engineering experience and a Master's or Doctoral degree, or 5 or more years of experience and a Bachelor's degree, or 7 or more years of experience and an Associate's degree, or a high school diploma and 9 or more years of experience.
  • The candidate must have extensive experience as a Beckhoff automation programmer.
  • The candidate must have ample field experience on industrial construction sites and/or in manufacturing facilities.
  • The candidate should have motion control experience, preferably including variable frequency drive control of heavy loads.
  • The candidate should have coding experience using a Proportional, Integral and Derivative (PID) Controller, preferably including use controlling high-speed and precise movement of heavy loads.
  • The candidate must be willing to spend the majority of time based at the Snyder, Texas Innovation Center site.
  • The candidate must successfully pass a pre-employment background check.
Responsibilities
  • Improve and innovate upon existing gravity energy storage systems design.
  • Design, write, and commission automation code utilizing Beckhoff TWINCAT PLC Software that includes input/output, PLC, motion, and safety; safety certification will be required.
  • Implement and troubleshoot designs and code on site.
  • Collaborate with other engineers in Mechanical, Electrical, Civil, and Structural disciplines, construction professionals, and corporate teammates across Energy Vault.
Desired Qualifications
  • Motion control experience including variable frequency drive control of heavy loads is preferred.
  • Coding experience using a Proportional, Integral and Derivative (PID) Controller, preferably including use controlling high-speed and precise movement of heavy loads.
  • A passion for sustainability, the company mission, and its vision is a bonus.

About the company

E

Energy Vault

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Website

Energy Vault provides utility-scale energy storage solutions using gravity-based storage and also sells batteries. Its gravity battery stores energy by lifting heavy blocks to higher elevations to create potential energy, while its Energy Management Systems software monitors, controls, and optimizes dispatch across assets. It differentiates itself by pairing gravity storage with EMS software and pursuing a licensing model with large partners to enable global, large-scale deployments, alongside a battery product line. Its goal is to lower the levelized cost of energy and improve grid reliability for utilities, independent power producers, and large industrial users.

Company Size

51-200

Company Stage

IPO

Headquarters

Lugano, Switzerland

Founded

2017

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Simplify's Take

What believers are saying

  • September 2026 Goshe acquisition added 2.3 GW and 350 MW ready-to-build U.S. BESS.
  • Stoney Creek reached land ownership, with Q1 2027 construction and $25-$30 million annual revenue.
  • June-September 2026 deals with Rolls-Royce, 2G Energy, and Italy accelerated hyperscale and utility demand.

What critics are saying

  • Debt rose to $243 million by Q2 2026, while cash-funded buildouts still require financing.
  • Most 2026 backlog converts over 12-18 months; any execution miss hits revenue and credibility.
  • Energy Vault's pivot to AI power depends on large projects, making a stalled campus pipeline existential.

What makes Energy Vault unique

  • Energy Vault pairs gravity storage with batteries, engines, and VaultOS across 2026 projects.
  • Asset Vault owns and operates long-duration assets, not just selling equipment into one-off deals.
  • Its AI power platform targets hyperscale campuses with integrated speed-to-power and dispatchability.

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Benefits

  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Unlimited Paid Time Off
  • Flexible Work Hours
  • Remote Work Options
  • Paid Vacation

Growth & Insights and Company News

6 month growth

0%

1 year growth

-2%

2 year growth

-1%
TipRanks
Sep 22nd, 2026
Energy Vault subsidiary secures $25M battery storage loan, $18M already drawn

Energy Vault's subsidiary Development Vault secured a $25 million senior secured term loan facility on 18 September 2026, with $18 million already drawn. The facility carries a 10% cash interest rate plus 7% payable in kind and matures in April 2030. The financing will fund acquisitions of battery energy storage projects, sponsor equity contributions, transaction costs and related expenses. It is secured by first-priority liens on substantially all assets of the borrower and its subsidiaries. The agreement includes customary guarantees, covenants and reporting requirements. Energy Vault Holdings operates in the energy storage sector, focusing on utility-scale and large commercial battery storage applications through project-level financing structures.

BizWest Media LLC
Sep 22nd, 2026
Energy Vault acquires Boulder's Goshe Energy Storage with 2.3GW battery portfolio

Energy Vault Holdings Inc., a publicly traded California company, has acquired Boulder-based Goshe Energy Storage LLC. The deal includes 15 battery energy storage projects totalling more than 2.3 gigawatts of power. Financial terms were not disclosed. Goshe's team of experienced development professionals will join Energy Vault to continue developing, constructing and operating the acquired portfolio. The team brings over 75 years of combined experience in renewable energy development, battery energy storage system project management and financial services. Energy Vault trades on the New York Stock Exchange under the ticker NRGV.

MarketScreener
Sep 10th, 2026
Energy Vault secures 275 MW Rolls-Royce MTU engine capacity and financing for hyperscale AI infrastructure

Energy Vault has secured 275 MW of reciprocating engine generation capacity using Rolls-Royce MTU technology, with deliveries scheduled from the second half of 2027 through the first half of 2028. The procurement was supported by equipment financing from Eagle Point Credit Management. The generation capacity will support Energy Vault's Powered Land solutions and ongoing multi-gigawatt discussions for hyperscale AI and high-performance computing campuses. The company aims to address power access constraints facing AI infrastructure development through its Build, Own & Operate model. The equipment will utilize Rolls-Royce MTU reciprocating engine technology designed for mission-critical applications. Energy Vault plans to integrate this capacity with battery energy storage systems and advanced power plant controls to provide hyperscale customers with faster energization whilst maintaining power quality and operational flexibility.

Minichart
Aug 20th, 2026
Energy Vault secures $137.5M debt facility to fund power generation equipment purchase

Energy Vault has secured a $137.5 million senior secured term loan facility through its subsidiaries to purchase power generation equipment, according to an SEC filing on 20 August 2026. The facility was established on 14 August 2026, with EV Gen Set 1, LLC as borrower and EV Gen Set I HoldCo, LLC as guarantor. The loan matures on 2 January 2028 and will be drawn in instalments to match equipment supply agreement payments. Interest rates are set at 6.75% per annum for SOFR loans through 31 December 2026, rising to 7.50% thereafter. The financing is secured by first-priority security interest in substantially all assets of the borrower and holding company, including contract rights and membership interests. The company must maintain a debt service reserve account covering three months of debt service.

Yahoo Finance
Aug 11th, 2026
Energy Vault raises 2026 revenue guidance to $270M-$310M as backlog jumps 107% to $2B on AI demand

Energy Vault reported second-quarter 2026 revenue of $17.4 million, up 104% year-over-year, exceeding consensus estimates. GAAP gross margins reached 31%, whilst adjusted gross margin hit 38.6%, up 166% year-over-year. The company's contract backlog expanded to $2 billion, growing 47% quarter-over-quarter and 107% year-over-year, driven by demand from AI compute infrastructure. Energy Vault secured a 1.25 GW contract for integrated power, storage and software infrastructure supporting hyperscaler contracts in Texas, expected to generate $500-$600 million revenue in the second half of 2026 and 2027. Cash reserves grew 26% quarter-over-quarter to $148 million, marking the sixth consecutive quarterly increase. Global megawatts under operation, construction and ready-to-build reached approximately 1.1 GW, up 476% year-over-year. The company raised full-year 2026 revenue guidance to $270-$310 million and GAAP gross margin guidance to 20%-25%.