Newsroom | Energy Vault

Energy Vault Reports Fourth Quarter and Full Year 2024 Financial Results

Written by Energy Vault | Mar 18, 2025 11:42:19 AM

Contract Revenue backlog increased 90% to $660 million from prior quarter of $350 million, more than quadrupling on a year-over-year basis, reflecting strength in Australia and new US IPP and utility customers and acceleration of asset ownership with long-term offtake agreements