Energy Vault Surges with $2B Backlog | Business and Finance News

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Recorded19 Aug 2026

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Energy Vault is on a rocket ship—revenue doubled, backlog hit $2 billion, and cash reserves are climbing for six straight quarters. With over 1 GW of projects in the pipeline and a projected $180M in annualized EBITDA, they’re scaling fast thanks to new leadership with capital markets chops. The company’s sharpening its focus on high-growth markets like AI infrastructure and modular data centers, emphasizing speed to power and long-term partnerships. Upgraded full-year revenue guidance now sits between $270M–$310M, with cash targets nudged to the higher end—proof they’re executing brilliantly and positioning themselves to dominate the energy storage future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2a43f897d1b4ca42

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