Energy Vault Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Energy Vault

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Energy Vault Fast Facts

Revenue	$10 - $100 million    See Exact Annual Revenue
Employees	100 - 500Exact Company Size
Primary Industry	2371 Utility System Construction
Address	4360 Park Terrace Drive, Suite 100 Westlake Village, CA 91361

Note: Revenues for privately held companies are statistical evaluations.


Energy Vault's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Energy Vault's annual revenues are $10 - $100 million (see exact revenue data)
• What industry is the company in?
  • Energy Vault is classified as operating in the Utility System Construction industry, NAICS Code 2371.

Energy Vault Annual Revenue and Growth Rate

Energy Vault	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$10 - $100 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Energy Vault's revenues are gauged from an analysis of company filings.

Energy Vault's Income Statement (based on Industry Averages)

Energy Vault P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Trademark Applications

Trademark applications show the products and services that Energy Vault is developing and marketing. Energy Vault's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
X-VAULT Electricity storage devices for power grids and power plants, namely, gravity-based utility-scale power storage facilities consisting of cranes, generators, and concrete blocks; energy storage devices for power grids and power plants, namely, gravity-based storage facilities consisting of cranes that raise and lower concrete blocks, motor generators, and a computerized energy management system; energy production and generation devices for power grids and power plants, namely, namely, gravity-based facilities consisting of cranes that raise and lower concrete blocks, motor generators, and a computerized energy management system; rechargeable batteries; an energy storage system optimized for industrial and utility-scale deployments for independent power producers, utilities, and large industrial power users, in the nature of gravity energy storage in a system that stores electricity in the form of gravitational potential energy, and components thereof, namely, a concrete foundation, fixed frame structure, elevator shafts, motor generators, trolleys, and mobile masses; an energy storage system optimized for large demand, long duration deployments, in the nature of a hybrid system that uses liquid hydrogen for long duration energy storage, coupled with a lithium-ion battery storage system to support fast frequency response power demand; energy storage system optimized for industrial and utility-scale deployments in the nature of lithium-ion based batteries and related hardware components thereof, namely inverters, power supplies, computer hardware components, and hvac systems; a high energy density storage system optimized for industrial and utility-scale deployments for independent power producers, utilities, and large industrial power users, in the nature of battery energy storage utilizing chemical batteries stored in a fixed frame, multi-level structure; software to operate large scale sized energy storage systems for utilities, independent power producers, and large industrial power users; cloud-based application that allows customer to manage energy storage assets; non-downloadable software that optimizes energy storage asset operations and performance by providing detailed visibility into key performance indicators and analytics to improve site and portfolio returns and analyze augmentation, expansion, and maintenance decisions; non-downloadable software that optimizes dispatch and new revenue associated with energy storage deployments by using artificial intelligence to leverage live data from directly monitored assets and external sources in order to inform bidding strategy	01/02/2024
B-VAULT Energy storage system optimized for industrial and utility-scale deployments in the nature of lithium-ion based batteries and related hardware components thereof, namely, inverters, power supplies, computer hardware components, and HVAC systems	04/28/2023
ENABLING A RENEWABLE WORLD Energy storage systems for power grids and power plants consisting of capacitors, cranes that raise and lower cement blocks, electricity generators, and downloadable software for managing the flow of energy; Energy production and generation systems for power grids and power plants consisting of capacitors, cranes that raise and lower cement blocks, electricity generators, and downloadable software for managing the flow of energy	09/08/2021

See all trademarks and details in the Full Report.

Market Share of Energy Vault's Largest Competitors

A competitive analysis shows these companies are in the same general field as Energy Vault, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
MASTEC	Coral Gables, FL	100
QWEST	Herndon, VA	29
MICHELS	Brownsville, WI	16
OSMOSE UTILITIES SERVICES	Peachtree City, GA	13
ARTERA SERVICES	Atlanta, GA	11
SOUTHLAND HOLDINGS	Grapevine, TX	7
JONES CONTRACTORS	Henderson, TN	7
MAGNUM POWER	Kelso, WA	7
PEAK UTILITY SERVICES GROUP	Broomfield, CO	7

Nearby Competitors

These companies are similar in business line and location to Energy Vault. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
H GRANADOS COMMUNICATIONS	Chatsworth, CA	100
ENERGY VAULT	Westlake Village, CA	48
PETRELLI ELECTRIC	Santa Clarita, CA	39
SUMMIT HELICOPTER	Pacoima, CA	16
A.R. PIPELINE	Newbury Park, CA	7
DGG & ASSOCIATES	Westlake Village, CA	1

Future Competition: Energy Vault's Fastest Growing Competitors

These companies are in the same general field as Energy Vault and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)