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Energy Vault Holdings Inc's Business Segments
Energy Vault Holdings Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
1
Largest Segment
Reportable
Total Revenue
$ 22
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2026
- Reportable100%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Reportable | $ 22 | 100% |
Revenue by Product & Service Category - Q1 FY2026
- Sale of energy storage products90.1%
- Operation and maintenance services2%
- Software licensing0.8%
- Intellectual Property Licensing0.1%
Revenue by Product & Service Category - Q1 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Sale of energy storage products | $ 20 | 90.1% |
| Operation and maintenance services | $ 0 | 2% |
| Software licensing | $ 0 | 0.8% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Energy Vault Holdings Inc
Energy Vault Holdings Inc. is a leading innovative energy storage company that focuses on grid-level storage solutions using gravity-based technology. The company was founded in 2017 and is headquartered in Switzerland with additional offices in the United States.
Energy Vault's flagship product is the Energy Vault System, which utilizes advanced engineering and software to store and release renewable energy on demand. The system consists of a tower-like structure made from low-cost, high-strength materials such as concrete and composite bricks. Each tower stands at over 100 meters tall and contains a number of modular composite bricks that are individually moved by a custom-built, fully automated crane.
The system works by harnessing excess electricity from renewable sources, such as solar or wind power, and converting it into potential energy. When there is excess electricity, the crane lifts the composite bricks to a higher position within the tower, storing the energy. To release the energy, the crane lowers the bricks back down, generating kinetic energy that can be converted back into electricity.
The Energy Vault System offers several advantages over conventional energy storage solutions. Firstly, it has a long lifespan with minimal degradation, thanks to the use of durable and low-cost materials. Additionally, it has a high round-trip efficiency, meaning a large percentage of the stored energy can be extracted when needed. The system also has a high charging and discharging power, allowing for rapid response times to changes in energy demand.
Energy Vault has deployed its technology in various locations across the globe, including the United States, Italy, and India. In addition to grid-scale applications, the company is exploring potential use cases in industries such as mining, data centers, and electric vehicle charging infrastructure. The modular and scalable nature of the system makes it adaptable to different energy storage needs.
The company has received recognition for its innovative approach to energy storage, including being named a World Economic Forum Technology Pioneer and receiving the Frost & Sullivan Global Industrial Technology Innovation Award. Energy Vault has also secured partnerships with leading renewable energy companies and investors, positioning itself as a key player in the energy storage market.
Overall, Energy Vault Holdings Inc. is a forward-thinking company that is revolutionizing the energy storage industry with its gravity-based technology. With its sustainable and cost-effective solution, the company is contributing to the global transition towards a greener and more efficient energy future.
Energy Vault's flagship product is the Energy Vault System, which utilizes advanced engineering and software to store and release renewable energy on demand. The system consists of a tower-like structure made from low-cost, high-strength materials such as concrete and composite bricks. Each tower stands at over 100 meters tall and contains a number of modular composite bricks that are individually moved by a custom-built, fully automated crane.
The system works by harnessing excess electricity from renewable sources, such as solar or wind power, and converting it into potential energy. When there is excess electricity, the crane lifts the composite bricks to a higher position within the tower, storing the energy. To release the energy, the crane lowers the bricks back down, generating kinetic energy that can be converted back into electricity.
The Energy Vault System offers several advantages over conventional energy storage solutions. Firstly, it has a long lifespan with minimal degradation, thanks to the use of durable and low-cost materials. Additionally, it has a high round-trip efficiency, meaning a large percentage of the stored energy can be extracted when needed. The system also has a high charging and discharging power, allowing for rapid response times to changes in energy demand.
Energy Vault has deployed its technology in various locations across the globe, including the United States, Italy, and India. In addition to grid-scale applications, the company is exploring potential use cases in industries such as mining, data centers, and electric vehicle charging infrastructure. The modular and scalable nature of the system makes it adaptable to different energy storage needs.
The company has received recognition for its innovative approach to energy storage, including being named a World Economic Forum Technology Pioneer and receiving the Frost & Sullivan Global Industrial Technology Innovation Award. Energy Vault has also secured partnerships with leading renewable energy companies and investors, positioning itself as a key player in the energy storage market.
Overall, Energy Vault Holdings Inc. is a forward-thinking company that is revolutionizing the energy storage industry with its gravity-based technology. With its sustainable and cost-effective solution, the company is contributing to the global transition towards a greener and more efficient energy future.
Energy Vault Holdings Inc. is a technology company focused on providing innovative energy storage solutions. Its primary objective lies in addressing the challenges associated with renewable energy integration and grid stability through advanced storage technologies. Below is an extensive description of the segments, products, services, and international operations of Energy Vault.
Segments
Energy Vault operates in several key segments related to energy storage and management, including:
1. Energy Storage Solutions: This is the core segment of the company, focusing on the development and deployment of energy storage technologies that are efficient, sustainable, and cost-effective.
2. Renewable Energy Integration: This segment emphasizes solutions that facilitate the integration of renewable energy sources, such as wind and solar power, into the existing grid infrastructure. It involves creating systems that smooth out the variability associated with renewable generation.
3. Grid Services: Energy Vault provides services to stabilize and manage electricity grids, leveraging its energy storage technologies. These services help prevent outages, manage load, and offer frequency regulation.
4. Sustainability Solutions: In alignment with global sustainability goals, Energy Vault focuses on creating solutions that minimize carbon footprints and enhance the use of renewable energies in various sectors.
Products and Services
Energy Vault offers several products and services which are crucial for modern energy systems:
1. Gravity Energy Storage System (GESS): This flagship technology utilizes a unique approach that employs gravity to store and release energy. The system consists of large concrete blocks that are lifted and lowered, transforming excess energy into potential energy and vice versa. Its modular design allows deployment in various environments and can scale according to needs.
2. Advanced Control Systems: Energy Vault’s systems are equipped with sophisticated software that optimizes the energy storage process. These control systems ensure that energy is dispatched efficiently, maintained, and integrated seamlessly into the grid.
3. Hybrid Systems: The company designs hybrid energy storage solutions that combine its gravity-based systems with other technologies, such as lithium-ion batteries. This hybrid approach allows for enhanced performance and reliability, making it suitable for different applications.
4. Consulting and Engineering Services: Beyond providing technology, Energy Vault also offers consulting and engineering services to assist clients in designing, planning, and implementing energy storage systems tailored to their specific needs.
5. Partnership Programs: Energy Vault collaborates with utility companies, government agencies, and private developers to create customized storage solutions. These partnerships may include joint ventures, technology licensing, and co-development agreements.
International Operations
Energy Vault’s international operations are a critical aspect of its business strategy. The companys solutions are designed to be scalable and adaptable to different geographical and regulatory environments, making it suitable for diverse markets.
1. Global Reach: Energy Vault has strategically established partnerships and operations across several continents, including North America, Europe, and parts of Asia. These regions are identified as having high potential for growth in renewable energy usage and energy storage demand.
2. Pilot Projects: The company has initiated pilot projects in various countries to showcase the effectiveness of its energy storage solutions. These projects often serve as demonstrators for broader implementation and are critical in gaining regulatory approval in different jurisdictions.
3. Collaboration with International Utilities: Energy Vault works closely with various international utility companies to integrate its storage solutions into their grids. This collaboration often involves local adaptation of technology and addressing region-specific energy challenges.
4. Regulatory Engagement: The company actively engages with regulatory bodies across different regions to streamline the adoption of its technologies, ensuring compliance with local laws and policies related to energy generation, storage, and distribution.
5. Research and Development: Energy Vaults international operations often include partnerships with research institutions and universities. This collaboration fosters innovation and helps the company stay at the forefront of energy storage technology.
In summary, Energy Vault Holdings Inc. is firmly positioned within the energy storage market with a robust portfolio of products and services. Its international operations expand its reach and impact, addressing global energy challenges through innovative technology solutions that promote sustainable energy practices.
Segments
Energy Vault operates in several key segments related to energy storage and management, including:
1. Energy Storage Solutions: This is the core segment of the company, focusing on the development and deployment of energy storage technologies that are efficient, sustainable, and cost-effective.
2. Renewable Energy Integration: This segment emphasizes solutions that facilitate the integration of renewable energy sources, such as wind and solar power, into the existing grid infrastructure. It involves creating systems that smooth out the variability associated with renewable generation.
3. Grid Services: Energy Vault provides services to stabilize and manage electricity grids, leveraging its energy storage technologies. These services help prevent outages, manage load, and offer frequency regulation.
4. Sustainability Solutions: In alignment with global sustainability goals, Energy Vault focuses on creating solutions that minimize carbon footprints and enhance the use of renewable energies in various sectors.
Products and Services
Energy Vault offers several products and services which are crucial for modern energy systems:
1. Gravity Energy Storage System (GESS): This flagship technology utilizes a unique approach that employs gravity to store and release energy. The system consists of large concrete blocks that are lifted and lowered, transforming excess energy into potential energy and vice versa. Its modular design allows deployment in various environments and can scale according to needs.
2. Advanced Control Systems: Energy Vault’s systems are equipped with sophisticated software that optimizes the energy storage process. These control systems ensure that energy is dispatched efficiently, maintained, and integrated seamlessly into the grid.
3. Hybrid Systems: The company designs hybrid energy storage solutions that combine its gravity-based systems with other technologies, such as lithium-ion batteries. This hybrid approach allows for enhanced performance and reliability, making it suitable for different applications.
4. Consulting and Engineering Services: Beyond providing technology, Energy Vault also offers consulting and engineering services to assist clients in designing, planning, and implementing energy storage systems tailored to their specific needs.
5. Partnership Programs: Energy Vault collaborates with utility companies, government agencies, and private developers to create customized storage solutions. These partnerships may include joint ventures, technology licensing, and co-development agreements.
International Operations
Energy Vault’s international operations are a critical aspect of its business strategy. The companys solutions are designed to be scalable and adaptable to different geographical and regulatory environments, making it suitable for diverse markets.
1. Global Reach: Energy Vault has strategically established partnerships and operations across several continents, including North America, Europe, and parts of Asia. These regions are identified as having high potential for growth in renewable energy usage and energy storage demand.
2. Pilot Projects: The company has initiated pilot projects in various countries to showcase the effectiveness of its energy storage solutions. These projects often serve as demonstrators for broader implementation and are critical in gaining regulatory approval in different jurisdictions.
3. Collaboration with International Utilities: Energy Vault works closely with various international utility companies to integrate its storage solutions into their grids. This collaboration often involves local adaptation of technology and addressing region-specific energy challenges.
4. Regulatory Engagement: The company actively engages with regulatory bodies across different regions to streamline the adoption of its technologies, ensuring compliance with local laws and policies related to energy generation, storage, and distribution.
5. Research and Development: Energy Vaults international operations often include partnerships with research institutions and universities. This collaboration fosters innovation and helps the company stay at the forefront of energy storage technology.
In summary, Energy Vault Holdings Inc. is firmly positioned within the energy storage market with a robust portfolio of products and services. Its international operations expand its reach and impact, addressing global energy challenges through innovative technology solutions that promote sustainable energy practices.