Investor Presentaiton
3Q23 Headlines
$172.2M Revenue
Record quarterly revenue
Up more than 3x sequentially for the
second straight quarter
Reaffirm CY23 Guidance
Revenue: $325-$425 million
Gross margin: 10% - 15%
Adjusted EBITDA: (-$50MM) to (-$70MM)
$132M of Total Cash
$132M of total cash
No debt
Restricted cash reducing significantly
Gravity Momentum
China construction complete
Testing and commissioning ongoing
3.3 GWh of total projects
Battery & Hydrogen Projects
On-Track
First battery project in full service
All other projects proceeding as planned
Pipeline Growth
Awards increased 153% YTD to 9.1 GWh
Bookings increased 49% YTD to 2.4 GWh
ENERGY VAULTⓇ
© 2023 ENERGY VAULT HOLDINGS INC. ALL RIGHTS RESERVED
Enabling a Renewable World
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