Expecting to complete project financing for the 150 MW / 300 MWh SOSA project during 2Q 2026 and the 125 MW / 1 GWh Stoney Creek project in 2H 2026. Estimating $75-100 million in full year 2026 internal project integration work related to the Asset Vault ‘Own & Operate’ portfolio, which is expected to yield a ~15% cash margin along with the capitalization of associated labor. This contribution will not appear in either consolidated GAAP Revenue or Gross Margin given the consolidation of majority owned projects, but is expected to generate positive cash flow in excess of Energy Vault’s (NRGV) equity investment.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NRGV:
- Energy Vault Holdings options imply 13.1% move in share price post-earnings
- NRGV Earnings this Week: How Will it Perform?
- Energy Vault Expands Convertible Notes Offering and Capped Calls
- Energy Vault backs Q4 adjusted EBITDA view $5M-$10M
- Energy Vault completes $140M convertible notes private offering