Energy Vault SPAC Presentation Deck

Energy Vault's Technology Significantly Outperforms New Entrants Into the Energy Storage Space Projected LCOE' ($/MWh) 2021 60% of the Levelized Cost of Lithium-ion 185 Lithium-ion 111 ENERGY VAULT ENERGY VAULT I T I I 248 Source: Bloomberg NEF June 2020 Energy Storage Review. ¹ Levelized cost of energy assumes one cycle per day for project life. *ESS LCOE is based off of 2023E values. Novus Capital Corporation II gravitricity 194 ZINCS 149 AMBER KINETICS 130 ESS 128 Lithium-ion 122 PRIMUS POWER 2025 51% of the Levelized Cost of Lithium-ion 119 AZELIO ENERGY VAULT, INC. ALL RIGHTS RESERVED 115 HYDROSTOR 112 Watt Joule 104 Ambri 95 SIEMENS Gamesa 85 Highview 65 ENERGY VAULT 27 Enabling a Renewable World

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