Energy Vault Holdings, Inc.

Organization Energy Vault Holdings, Inc. (together with its subsidiaries, Energy Vault or the Company ) is a Delaware corporation. On February 11, 2022, we completed a business combination with Energy Vault, Inc. (the Merger ) and, in connection with the closing, changed our name from Novus Capital Corporation II to Energy Vault Holdings, Inc. Mission Our mission is to build, own, and energize the world’s critical energy infrastructure. About Us Energy Vault delivers a diversified portfolio of energy storage solutions to third parties, including proprietary gravity, battery, and green hydrogen-based technologies, supported by our technology-agnostic energy management software and integration capabilities. Beginning in 2024, we initiated a multi-year transition from primarily delivering projects through build-and-transfer arrangements and licensing models toward a more integrated model that includes selectively developing, owning, and operating energy storage assets, while continuing to provide technology, integration, software, and long-term services to customers. We believe this strategy is supported by our experience across multiple storage technologies, system integration and controls capabilities, and established global presence, as well as access to project-level capital through our Asset Vault platform. Through this integrated model, we offer utilities, independent power producers, and large energy users solutions that may include standalone energy storage, integrated generation and storage configurations, and related power infrastructure.