Energy Vault Closes $300 Million Preferred Equity Investment with Orion Infrastructure Capital (OIC)

Energy Vault closed a significant $300 million preferred equity investment with Orion Infrastructure Capital (OIC). This funding is instrumental in officially launching the company's new "Asset Vault" platform. The Asset Vault signifies a major strategic shift toward energy asset management and long-term asset development, enabling Energy Vault to own, operate, and manage assets utilizing its energy storage technologies, including gravity-based and battery solutions. This move ensures accelerated deployment of these critical energy transition assets while providing attractive, long-term yields for investors.