Financing ·
On September 18, 2026, Energy Vault Holdings, Inc. subsidiary Development Vault, LLC entered into an amended and…
NRGVEnergy Vault Holdings, Inc.
On September 18, 2026, Energy Vault Holdings, Inc. subsidiary Development Vault, LLC entered into an amended and restated financing agreement with S2G Builders Special Opportunities Fund I, LP. The facility provides a senior secured delayed draw term loan credit line with aggregate commitments of up to $25 million, which may be increased at the lenders' discretion. As of the effective date, $18 million was outstanding under the agreement. Loans bear interest at 10.0% per annum payable in cash plus a 7.0% deferred rate payable in kind. The facility matures on April 16, 2030, and is secured by substantially all assets of the Borrower and its subsidiaries. Proceeds may be used to acquire battery energy storage projects, fund sponsor equity contributions, and pay transaction costs. Energy Vault Holdings, Inc. operates in the energy storage industry, developing and deploying advanced mechanical energy storage solutions.