Justin Clare

Noel Parks

Alec Scheibelhoffer

Chris Ellinghaus

Christopher Ellinghaus

Michael Renoff

Thomas Boyes

- Energy Vault Holdings, Inc. has launched **"Asset Vault,"** a fully consolidated subsidiary dedicated to developing, building, owning, and operating energy storage assets globally.  **[1828536_0001828536-25-000184_ex991_oicpurchaseagreement.htm:1]** 
- This initiative is supported by a **$300 million preferred equity investment** from Orion Infrastructure Capital (OIC), with an **initial cash contribution of $35 million**.  **[1828536_0001828536-25-000184_nrgv-20251009.htm:1]** **[1828536_0001828536-25-000184_ex991_oicpurchaseagreement.htm:1]** 
- The partnership is expected to facilitate the deployment of a **+1.5GW energy storage pipeline** and generate **over $100 million in recurring annual EBITDA within 3-4 years**.  **[1828536_0001828536-25-000184_ex991_oicpurchaseagreement.htm:1]** **[1828536_0001828536-25-000184_ex991_oicpurchaseagreement.htm:2]** 
- In connection with the initial contribution, Energy Vault issued **5,572,108 warrants** to OIC to purchase common stock, with additional warrants to be issued for future capital contributions, while the preferred equity itself is non-dilutive to common shareholders.  **[1828536_0001828536-25-000184_ex991_oicpurchaseagreement.htm:1]** **[1828536_0001828536-25-000184_nrgv-20251009.htm:4]**

Energy Vault Launches Asset Vault Platform with $300 Million Preferred Equity Investment from OIC

- Energy Vault Holdings, Inc. (NRGV) has **regained compliance** with the New York Stock Exchange's (NYSE) minimum continued listing criteria.  **[1828536_d1ae1fd0041340ed841203b90352dfc4_0]** 
- This compliance was confirmed as the company's average share price traded above **$1.00** for the **30-consecutive trading days** ending **August 29, 2025**.  **[1828536_d1ae1fd0041340ed841203b90352dfc4_0]** 
- Over this 30-day period, the share price increased by **114%**.  **[1828536_d1ae1fd0041340ed841203b90352dfc4_0]**

Energy Vault Holdings (NRGV)