New York, NY — February 18, 2026 — Leads & Copy — Energy Vault Holdings, Inc. (NYSE: NRGV) has announced the closing of a financing transaction, resulting in $135.5 million in proceeds for the company after deducting initial purchaser commissions. The announcement also highlights selected financial results from Q4 2025, expansions into AI infrastructure, growth of the Australia long-duration energy storage project, and new global battery technology partnerships supporting U.S. domestic content requirements.
Energy Vault has revealed commercial, financing, and strategic achievements while previewing Q4 2025 financial results that are expected to significantly accelerate its growth. Key accomplishments include strengthening its balance sheet to accelerate growth, achieving substantial year-over-year growth in Revenue, Gross Margin, and Adjusted EBITDA, including a milestone of its first positive Adjusted EBITDA result of $5 to $10 million in Q4 2025. The company also grew cash by over 300% during the last four quarters, finishing 2025 with more than $100 million, entered the high-margin AI infrastructure market, secured domestic sodium-ion battery supply advantages and global market entry exclusivity, and expanded its global “Own & Operate” asset base with long-duration storage projects in Australia.
These milestones collectively reinforce Energy Vault’s execution of its energy asset management strategy to deliver, own, and operate mission-critical energy infrastructure at the intersection of renewable energy, grid resiliency, and AI-driven demand growth.
Energy Vault has entered the AI infrastructure market through a multi-year strategic framework agreement with data center infrastructure leader Crusoe for deployment of modular AI factory units at Energy Vault’s Snyder, Texas technology center. Scalable deployments of up to 25 MW are slated to begin in 2026, with expansion into “powered shell” modular data center infrastructure. AI infrastructure EBITDA per MW is projected at 10–20x higher than traditional BESS deployments for the “powered shell” elements alone. This initiative aims to accelerate Energy Vault’s Asset Vault platform into high-growth AI markets, enhancing long-term revenue and earnings potential.
A strategic partnership with Peak Energy was announced on February 9, 2026, to co-develop sodium-ion storage solutions for AI-first data centers and regional market-entry collaborations. The agreement includes a 1.5 GWh supply agreement for U.S.-manufactured sodium-ion batteries to support U.S. domestic content requirements, eligibility for Domestic Content Investment Tax Credits (ITCs), integration into Energy Vault’s Vault OS™ platform and Energy Management System, and exclusive channel rights in Australia and Japan.
Energy Vault says there is strong worldwide interest from utilities and neo-clouds to deploy the proprietary AI Compute Battery Platform. The partnership is expected to strengthen domestic supply chains, lower system costs, enhance safety performance, and expand Energy Vault’s AI-focused infrastructure offering.
On February 4, 2026, Energy Vault announced that Bridge Energy, one of its development partners in Australia, was awarded a 14-year Long-Term Energy Service Agreement (LTESA) in New South Wales under the NSW Electricity Infrastructure Roadmap. Energy Vault is supporting Bridge Energy on development milestones and has exclusive rights to acquire, build, own, and operate the project once all final regulatory approvals are received. The project is valued at A$310 million and involves a 100 MW / 870 MWh (8-hour duration) system. Deployment of B-VAULT™ architecture and Vault-OS™ software is planned.
Energy Vault has begun pre-construction activities on its 2025 LTESA Award for the 125MW, 1.0 GWh Stoney Creek BESS project.
Energy Vault develops and operates utility-scale energy storage solutions, including proprietary battery, gravity, and green hydrogen energy storage technologies. Since 2024, Energy Vault has executed an “Own & Operate” asset management strategy to generate predictable, recurring, and high margin tolling revenue streams.
Source: Energy Vault
