10:32 AM EDT, 10/09/2025 (MT Newswires) -- Energy Vault Holdings ( NRGV ) closed its $300 million preferred equity investment with Orion Infrastructure Capital, marking the launch of its Asset Value subsidiary to develop, own and operate energy storage assets globally.

In the next six months, $200 million of the investment will be drawn to initiate work on two late-stage projects in the US and Australia, Energy Vault ( NRGV ) said Thursday in a statement.

The investment is nondilutive to common shareholders and includes milestones for common equity participation, Energy Vault ( NRGV ) said.

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