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Energy Vault

NYSE: NRGV

Founded 2017 · Incorporated in Delaware · 193 employees on LinkedIn · 8 known investors

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Energy Vault designs and integrates energy storage products and management software for grid-scale and utility customers, spanning battery, gravity-based, and hydrogen storage systems. Its offerings support renewable energy integration, asset optimization, and long-term service for large storage projects.

CleantechClimate TechEnergyHardware

Founders & leadership

Energy Vault was founded in 2017 by Robert Allen Piconi.

RARobert Allen Piconi
Robert Allen PiconiChairman of the Board, Co-Founder & CEO
CRCraig R. Horne
Craig R. HorneChief Technology OfficerCraig R. Horne brings three decades of experience in battery and fuel cell technology and large-scale commercial projects to his role as Chief Technology Officer at Energy Vault. He has worked on renewable energy initiatives and technology implementation across the energy storage sector.
NDNitin Dahiya
Nitin DahiyaChief Financial OfficerHe brings over twenty years of experience as an investor and portfolio manager in private and public markets, with focus on credit, structured equity, and hybrid capital investments in energy, specialty finance, and asset-backed opportunities.
LALaurence Alexander
Laurence AlexanderChief of Staff & Chief Marketing OfficerLaurence Alexander has held senior leadership roles at telecommunications and energy companies including Simoco, World Online, O2, and Danaher, with experience spanning capital markets, M&A, and global brand strategy across multiple sectors.
MTMarco Terruzzin
Marco TerruzzinChief Revenue OfficerMarco Terruzzin is Chief Revenue Officer at Energy Vault, where he leads commercial strategy for the company's energy storage and AI infrastructure offerings. He previously founded EV-fy, built the U.S. business for NOHA (Engie EPS), and worked in carbon markets at Evolution Markets; he holds a Ph.D. in Energy Economics and an MBA from UVA Darden.
ALAkshay Ladwa
Akshay LadwaChief Development and Operations Officer
ABAmy Blakeway
Amy BlakewayGeneral Counsel & Chief Legal OfficerAmy Blakeway is General Counsel and Chief Legal Officer at Energy Vault, which designs and integrates grid-scale energy storage solutions. She has 15+ years of experience in legal roles, including five years at an Am Law 100 firm and over a decade in-house counsel positions.
GIGonca Icoren
Gonca IcorenChief People OfficerChief People Officer at Energy Vault, Gonca Icoren has led global human resources functions across employee lifecycle management, organizational development, and talent operations for multinational organizations in fast-paced environments.
RERichard Espy
Richard EspyChief Information and Security OfficerRichard Espy is Chief Information and Security Officer at Energy Vault, which designs and integrates grid-scale energy storage products and management software for utility customers.
CMCory Magnuson
Cory MagnusonPresident of Asset VaultHe holds certifications as a CPA, CFA, and Financial Risk Manager, and has held finance leadership roles including CFO at Spearmint Energy, VP Finance at BrightNight Power, and investment operations positions at BlackRock and within infrastructure funds backed by JP Morgan and Blackstone.
AP
Andrea PedrettiFounder
BHBill H. Gross
Bill H. GrossFounder2017–2025Venture Partner at Prime Movers Lab

Investors · 8

Idealablisted by IdealabPasadena

How we know: Idealab's portfolio page · Not right? Tell us

Neotribe Ventureslisted by Neotribe VenturesMenlo Park · $250K – $2M

How we know: Neotribe Ventures's portfolio page · Not right? Tell us

Prime Movers Lablisted by Prime Movers LabJackson · $2M – $30M

How we know: Prime Movers Lab's portfolio page · a partner's Signal profile · the VCSheet dataset · Not right? Tell us

SoftBank Vision Fundlisted by SoftBank Vision FundLondon

How we know: company funding news (hacker news) · techcrunch.com · Not right? Tell us

Aramco Venturesreported

How we know: the VCSheet dataset · Not right? Tell us

Cemex VenturesreportedMadrid

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

SoftBank GroupreportedTokyo

How we know: company funding news (hacker news) · energyvault.com · Not right? Tell us

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

2 people who came through Energy Vault went on to found or lead other companies.

Bill GrossFounderFounded Idealab +5Robert Allen PiconiChairman of the Board, Co-Founder & CEOFounded Permira +1

Related companies · 4

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ESS Inc.ESS builds non-lithium battery energy storage systems — including sodium-ion and iron flow batteries — for utilities, data centers, commercial and industrial facilities, and critical infrastructure. The company offers both long-duration storage hardware and an energy management platform for deploying and optimizing storage assets.
EnergydigitalEnergy Digital is a media and events platform connecting energy and sustainability executives globally, offering advertising, content creation, virtual events, research reports, and demand generation services. The company serves large energy and sustainability brands seeking to engage industry decision-makers and drive collaboration across the energy transition sector.
Form EnergyForm Energy develops and manufactures low-cost, multi-day iron-air battery systems for long-duration energy storage on the electric grid, serving utilities and project developers primarily in the United States. Founded in 2017, it has begun expanding internationally with its first project in Ireland.

Companies working in the same space as Energy Vault.

In the news

Energy Vault Closes Series B Funding with $110M Investment from Softbankenergyvault.com · Sep 2019

Frequently asked questions

What does Energy Vault do?
Energy Vault designs and integrates energy storage products and management software for grid-scale and utility customers, spanning battery, gravity-based, and hydrogen storage systems. Its offerings support renewable energy integration, asset optimization, and long-term service for large storage projects.
Who founded Energy Vault?
Energy Vault was founded by Robert Allen Piconi in 2017.
Who are Energy Vault's investors?
Energy Vault's investors include CRESCENT COVE CAPITAL, Idealab, Neotribe Ventures, Prime Movers Lab, SoftBank Vision Fund, Aramco Ventures, Cemex Ventures, SoftBank Group.