Energy Vault builds giant towers that lift and drop blocks to store electricity, like a mechanical battery for the grid, alongside conventional battery and hydrogen storage systems.
Revenue hit USD 0.20B in 2025 with a 23.56% gross margin, but the company lost USD 0.10B net—no business line is profitable yet, and income is project-based, not recurring.
Their gravity storage concept is novel, but Tesla and Fluence offer proven battery systems with scale and cost advantages, while the company's tiny revenue and negative margins show no durable edge.

Key events, in time order
Insider purchase signals confidence, pending SEC filing verification
Revenue up 104% YoY to $17.4M; loss of $0.17/sh beats estimates, supported by Australian projects
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Citi analyst Vikram Bagri raised the price target for Energy Vault ($NRGV) to $6, citing improved visibility after a strong Q2 report and maintaining a Buy rating.
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