Craft

Energy Vault

Stock Price

$1.6

2024-10-29

Market Capitalization

$246.8 M

2024-10-29

Revenue

$341.5 M

FY, 2023

Energy Vault Summary

Company Summary

Overview
Energy Vault is the creator of renewable energy storage products that are transforming the world’s approach to long duration, utility-scale energy storage. Applying conventional physics fundamentals of gravity and potential energy, the system combines an innovative crane design that lifts specially designed, massive concrete bricks with a proprietary, cloud-based software platform which orchestrates the storage and discharge of electricity. Utilizing 100 percent eco-friendly materials at unprecedented economics, Energy Vault is accelerating the shift to a fully renewable world.
Type
Public
Status
Active
Founded
2017
HQ
Lugano, CH | view all locations
Website
https://energyvault.com/
Cybersecurity rating
Sectors

Key People

  • Andrea Pedretti

    Andrea Pedretti, Co-Founder & Chief Technology Officer

  • Robert Piconi

    Robert Piconi, Co-Founder & Chief Executive Officer, Director

  • Bill Gross

    Bill Gross, Co-Founder, Director

  • Henry Elkus

    Henry Elkus, Director

    LocationsView all

    1 location detected

    • Lugano, TI HQ

      Switzerland

      Via Pessina 13

    Energy Vault Financials

    Summary Financials

    Revenue (Q3, 2024)
    $1.2M
    Gross profit (Q3, 2024)
    $483.0K
    Net income (Q3, 2024)
    ($26.6M)
    Cash (Q3, 2024)
    $51.1M
    EBIT (Q3, 2024)
    ($27.1M)
    Enterprise value
    $196.1M

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