Energy Vault triples cash as it pushes into AI data hubs

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Energy Vault (NYSE: NRGV) announced a strong finish to 2025, with Q4 Adjusted EBITDA turning positive to $9.8 million and cash reserves tripling to $103.4 million. The company’s contract revenue backlog reached a record $1.3 billion, and it is expanding into the AI digital infrastructure market through strategic partnerships and by securing land for data centers. Energy Vault projects continued growth, with an estimated $225-$300 million in revenue for 2026 and plans to further increase cash to $150-$200 million by year-end.

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