{"id":750775,"date":"2023-04-25T08:36:29","date_gmt":"2023-04-25T12:36:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-publishes-shareholder-letter-following-recent-visit-to-asia-and-site-of-the-first-evx-gravity-storage-system\/"},"modified":"2023-04-25T08:36:29","modified_gmt":"2023-04-25T12:36:29","slug":"energy-vault-publishes-shareholder-letter-following-recent-visit-to-asia-and-site-of-the-first-evx-gravity-storage-system","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-publishes-shareholder-letter-following-recent-visit-to-asia-and-site-of-the-first-evx-gravity-storage-system\/","title":{"rendered":"Energy Vault Publishes Shareholder Letter Following Recent Visit to Asia and Site of the First EVx Gravity Storage System"},"content":{"rendered":"

<\/p>\n

Energy Vault Publishes Shareholder Letter Following Recent Visit to Asia and Site of the First EVx Gravity Storage System<\/b><\/p>\n

The letter provides extensive new photos of the progress made at the Company\u2019s first EVx deployment and details developments with key stakeholders across China and Mongolia<\/i><\/p>\n

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE<\/a>)–
\nEnergy Vault Holdings, Inc. (NYSE: NRGV) (\u201cEnergy Vault\u201d or \u201cthe Company\u201d), a leader in sustainable, grid-scale energy storage solutions, today announced it has published a shareholder letter from Chairman and Chief Executive Officer, Robert Piconi, outlining details of a recent visit to China and Mongolia.<\/p>\n

\nThis letter provides updates on the first deployment of the Company\u2019s groundbreaking EVx\u2122 gravity energy storage system in China along with exciting developments on management\u2019s engagement with key stakeholders during the visit, including political, investment, and corporate officials.<\/p>\n

\nTo read the shareholder letter titled \u201cFrom Rudong to Beijing to Mongolia: My Insights from Energy Vault’s Recent Trip to China and the site of the first EVx gravity energy storage system\u201d please follow the link here<\/a> or visit www.energyvault.com<\/a>.<\/p>\n

About Energy Vault<\/b><\/p>\n

\nEnergy Vault\u00ae develops and deploys utility-scale energy storage solutions designed to transform the world’s approach to sustainable energy storage. The Company’s comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company\u2019s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault\u2019s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault\u2019s EVx\u2122 gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com<\/a> for more information.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release includes forward-looking statements that reflect the Company\u2019s current views with respect to, among other things, the Company\u2019s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as \u201c anticipate,\u201d \u201cexpect,\u201d \u201csuggest,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cestimates,\u201d \u201ctargets,\u201d \u201cprojections,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cwill\u201d and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainly of our bookings and backlogs equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption \u201cRisk Factors\u201d in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2022 to be filed with the SEC, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC\u2019s website at www.sec.gov<\/a>. New risks emerge from time to time and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230425005689\/en\/<\/a><\/span><\/p>\n

\nInvestors:
\n
energyvaultIR@icrinc.com
\n<\/a><\/p>\n

Media:
\n
media@energyvault.com<\/a><\/p>\n

KEYWORDS:<\/b> California China Switzerland United States Mongolia North America Asia Pacific Europe<\/p>\n

INDUSTRY KEYWORDS:<\/b> Utilities Oil\/Gas Sustainability Environment Coal Alternative Energy Energy Nuclear<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Energy Vault Publishes Shareholder Letter Following Recent Visit to Asia and Site of the First EVx Gravity Storage System The letter provides extensive new photos of the progress made at the Company\u2019s first EVx deployment and details developments with key stakeholders across China and Mongolia LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)– Energy Vault Holdings, Inc. (NYSE: NRGV) (\u201cEnergy Vault\u201d or \u201cthe Company\u201d), a leader in sustainable, grid-scale energy storage solutions, today announced it has published a shareholder letter from Chairman and Chief Executive Officer, Robert Piconi, outlining details of a recent visit to China and Mongolia. This letter provides updates on the first deployment of the Company\u2019s groundbreaking EVx\u2122 gravity energy storage system in China along with exciting developments … <\/p>\n

Continue reading “Energy Vault Publishes Shareholder Letter Following Recent Visit to Asia and Site of the First EVx Gravity Storage System”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750775","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEnergy Vault Publishes Shareholder Letter Following Recent Visit to Asia and Site of the First EVx Gravity Storage System - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-publishes-shareholder-letter-following-recent-visit-to-asia-and-site-of-the-first-evx-gravity-storage-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Vault Publishes Shareholder Letter Following Recent Visit to Asia and Site of the First EVx Gravity Storage System - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Energy Vault Publishes Shareholder Letter Following Recent Visit to Asia and Site of the First EVx Gravity Storage System The letter provides extensive new photos of the progress made at the Company\u2019s first EVx deployment and details developments with key stakeholders across China and Mongolia LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)– Energy Vault Holdings, Inc. 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