Energy Vault Launches Cross Trails Battery System

The latest update is out from Energy Vault Holdings ( (NRGV) ).

On June 11, 2025, Energy Vault Holdings announced the successful completion and commercial operation of the 57 MW two-hour Cross Trails battery energy storage system (BESS) in Scurry County, Texas. This project, completed ahead of schedule, marks the first asset under Energy Vault’s ‘Own & Operate’ growth strategy, supported by a 10-year offtake agreement with Gridmatic. The Cross Trails BESS provides energy and ancillary services to enhance renewable energy production and grid resiliency in the ERCOT region. The project leverages Energy Vault’s second-generation B-VAULT™ AC system and VaultOS™ Energy Management System, demonstrating the company’s ability to execute complex energy storage deployments efficiently. This milestone reflects Energy Vault’s strategic vision and expertise in designing, building, and operating energy storage assets, further strengthening its position in the energy storage asset infrastructure market.

The most recent analyst rating on (NRGV) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Energy Vault Holdings stock, see the NRGV Stock Forecast page.

Spark’s Take on NRGV Stock

According to Spark, TipRanks’ AI Analyst, NRGV is a Neutral.

Energy Vault Holdings has a challenging financial situation with ongoing losses and negative cash flows. While technical analysis suggests mixed signals, the recent corporate events and positive earnings call developments provide some optimism. However, the stock’s valuation remains a concern due to its negative P/E ratio.

To see Spark’s full report on NRGV stock, click here.

More about Energy Vault Holdings

Energy Vault Holdings Inc. is a leader in sustainable, grid-scale energy storage solutions, developing, deploying, and operating utility-scale energy storage systems. The company offers a comprehensive range of proprietary battery, gravity, and green hydrogen energy storage technologies. These solutions cater to utilities, independent power producers, and large industrial energy users, aiming to reduce energy costs while ensuring power reliability. Energy Vault’s innovative technology portfolio provides customized energy storage solutions for various durations and is supported by a technology-agnostic energy management system software and integration platform. Since 2024, the company has been executing an ‘Own & Operate’ asset management strategy to generate predictable, recurring, and high-margin tolling revenue streams.

Average Trading Volume: 1,733,579

Technical Sentiment Signal: Sell

Current Market Cap: $134.4M

For an in-depth examination of NRGV stock, go to TipRanks’ Stock Analysis page.