Full-Time
Utility-scale gravity-based energy storage and EMS
No salary listed
Remote in USA
Remote
Willingness to travel domestically and internationally up to 25%.
Bachelor's, Master's
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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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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
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.
Energy Vault has closed an upsized $150 million convertible senior notes offering, up from the initially announced $125 million, to strengthen its balance sheet and support its own-and-operate strategy. The grid-scale energy storage company used part of the proceeds to repay approximately $45 million in principal outstanding under its Yorkville convertible debenture arrangements, improving financial flexibility. The company executed a capped call derivative transaction at a 100% premium, setting an effective conversion price of $8.12 per share to reduce potential dilution. Energy Vault reported strong preliminary 2025 results, including above-consensus revenue and gross margin, with positive adjusted EBITDA in Q4 whilst increasing cash and liquidity sequentially throughout the year. The company will release full-year 2025 results on 17 March 2026.