Energy Vault (NRGV) Registration Filing summary

Company overview and business model

• Provides turnkey energy storage platforms, including gravity, battery, and green hydrogen technologies, supported by a technology-agnostic energy management system and integration software.

• Transitioned in 2024 from a pure build-and-transfer/licensing model to also owning energy storage assets in select markets.

• Focuses on helping utilities, independent power producers, and large industrial users reduce energy costs and maintain reliability as renewable energy adoption grows.

• Aims to enable clean, reliable, and affordable energy globally, leveraging proprietary technology and a customer-centric approach.

Financial performance and metrics

• As of November 7, 2025, 167,790,003 shares of common stock were outstanding.

• As of September 30, 2025, there were 6,370,762 options (weighted average exercise price $1.63) and 23,764,397 restricted stock units outstanding.

• 15,238,774 warrants were outstanding as of November 7, 2025, including 4,500,000 issued to the selling stockholder.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by the selling stockholder.

• Will receive cash proceeds only if the selling stockholder exercises warrants for cash.