Gridmatic Surpasses 1GWh of Energy Storage Under Management and Sees Major Growth in Retail Business [Yahoo! Finance]
Energy Vault Holdings, Inc. (NRGV)
Company Research
Source: Yahoo! Finance
CUPERTINO, Calif., December 10, 2024 BUSINESS WIRE Gridmatic , the industry-leading AI-enabled power marketer, today announced major growth milestones in its energy storage and retail businesses, reflecting the critical need for AI-powered forecasting and expertise to provide predictability, automation, and optimization for asset owners and commercial and industrial customers. Under its storage business, Gridmatic has established a strong footprint in ERCOT and CAISO, the two largest and fastest-growing markets for battery energy storage. Cumulatively, Gridmatic has inked a total of 300 MW / 1 GWh under management, with projects including a system in Texas deployed by Energy Vault (NYSE: NRGV). In addition to its growing portfolio, Gridmatic's AI has proved to have dramatically improved battery storage performance and revenue generation across its portfolio. Gridmatic's ERCOT BESS revenue in the first half of 2024 was $113/kW/year annualized — a 61% revenue uplift versus the averag
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News
- Energy Vault and RackScale Data Centers Announce Strategic Partnership to Accelerate Delivery of 2GW of Power to Data Centers [Yahoo! Finance]Yahoo! Finance
- Energy Vault and RackScale Data Centers Announce Strategic Partnership to Accelerate Delivery of 2GW of Power to Data CentersBusiness Wire
- Gridmatic Surpasses 1GWh of Energy Storage Under Management and Sees Major Growth in Retail BusinessBusiness Wire
- Long Duration Energy Storage Analysis 2025-2045: Future Trends and Technologies for Grid and Beyond-Grid Applications [Yahoo! Finance]Yahoo! Finance
- Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08Business Wire
NRGV
Earnings
- 11/12/24 - Miss
NRGV
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- NRGV's page on the SEC website