Full-Time
Industrial Automation Engineer
Energy Vault
51-200 employees
Utility-scale gravity-based energy storage and EMS
Compensation Overview
$84k - $154k/yr
Snyder, TX, USA
Remote
On-site in Snyder, Texas; relocation may be needed. Some hybrid remote work may be negotiable after several months, subject to site activities and staffing.
Bachelor's, Master's, PhD, Associate's
 Electrical Engineering (1) |
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- A minimum of 3 years of engineering experience with a master's or doctoral degree, 5 years with a bachelor's degree, 7 years with an associate's degree, or 9 years with a high school diploma.
- Extensive experience as a Beckhoff automation programmer.
- Field experience on industrial construction sites and/or in manufacturing facilities.
- Experience with motion control, preferably including variable-frequency drive control of heavy loads.
- Experience coding proportional-integral-derivative controllers, preferably including control of high-speed and precise movement of heavy loads.
- Willingness to spend the majority of working time at the Snyder, Texas Innovation Center site.
- Ability to pass a pre-employment background check.
- Improve and innovate upon existing gravity energy storage system designs.
- Design, write, and commission automation code using Beckhoff TwinCAT PLC software, including I/O, programmable logic controller, motion, and safety functions.
- Implement and troubleshoot automation designs and code on site.
- Collaborate with mechanical, electrical, civil, and structural engineers, construction professionals, and corporate teammates.
- Motion control experience including variable-frequency drive control of heavy loads.
- Proportional-integral-derivative controller coding experience involving high-speed and precise movement of heavy loads.
- Experience in fast-paced, rapid-growth environments.
- Passion for sustainability, the company mission, and its vision.
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
- August 11, 2026 guidance lifted revenue to $270 million-$310 million for 2026.
- The Texas hyperscaler contract targets $500 million-$600 million revenue during 2026-2027.
- Japan's 850 MW BESS portfolio opened a second major market in April 2026.
What critics are saying
- February and March 2026 convertibles added $160 million principal, pressuring shareholders through dilution.
- Q2 2026 cash was $148 million against $2 billion backlog, stretching execution and working capital.
- One stalled Texas hyperscaler deployment would damage Energy Vault’s AI pivot and credibility.
What makes Energy Vault unique
- August 2026 backlog hit $2 billion, mixing storage, licensing, and own-and-operate cash flows.
- Energy Vault’s Asset Vault pairs VaultOS software with projects, unlike pure hardware vendors.
- The 1.25 GW Texas AI power deal bundles batteries, gensets, and grid-forming software.
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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
Paid Sick Leave
Paid Holidays
Hybrid Work Options
Stock Options
Company Equity
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
Professional Development Budget
Conference Attendance Budget
Reimbursement for home office equipment, phone, and internet expenses
Relocation Assistance
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -2%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.
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%.
SB Investment Advisers (UK) Ltd sold 3 million shares of Energy Vault Holdings in the first quarter, an estimated $12.38 million trade, according to a 15 May SEC filing. The fund still holds 15.5 million shares valued at $51.27 million. Energy Vault shares have surged approximately 500% over the past year, trading at $5.93 as of 15 May. The company develops gravity-based energy storage systems for grid-scale applications and reported first-quarter revenue of $21.9 million, up 156% year-over-year, with backlog reaching $1.35 billion. Despite revenue growth, Energy Vault remains unprofitable, posting a quarterly net loss of $32.5 million. The company projects its portfolio could eventually generate over $180 million in recurring annual EBITDA as it positions itself as an energy infrastructure and AI power platform.
Energy Vault Holdings has announced its entry into Japan through the acquisition of an 850 MW battery energy storage system project pipeline from a domestic developer. The deal provides immediate access to one of the fastest-growing storage markets amongst developed economies. The portfolio comprises 350 MW of advanced-stage projects expected to begin construction in the second half of 2027 and reach commercial operation in the second half of 2028, plus 500 MW of early-stage projects. The transaction includes an established local team with expertise in land rights, permitting and utility interconnections. Energy Vault will integrate its VaultOS energy management software and B-VAULT AC platform with the acquired projects. The company's global portfolio now exceeds 1 GW under operation or construction, expected to generate over $180 million in recurring annual EBITDA.
Energy Vault Holdings reported a fourth-quarter loss of $0.13 per share, slightly missing the Zacks Consensus Estimate of a loss of $0.12 per share. This represents an 8.33% earnings surprise. The loss compares favourably to a loss of $0.35 per share in the same quarter last year. The alternative energy company posted revenues of $153.31 million for the quarter ended December 2025, surpassing consensus estimates by 0.27%. This marks a significant increase from year-ago revenues of $33.47 million. Energy Vault shares have declined approximately 25% year-to-date, compared to the S&P 500's 2.1% decline. The company currently holds a Zacks Rank of four, indicating expected near-term underperformance. Analysts project a loss of $0.50 per share on revenues of $214.5 million for the current fiscal year.