Energy Vault Projects $600M-$700M Revenue and Positive EBITDA by 2027
During the Q3 2026 earnings call, Energy Vault (NRGV) management provided long-term financial guidance, projecting annual revenue between $600 million and $700 million by 2027. The company also anticipates achieving an EBITDA in the range of $40 million to $50 million during that same period. CEO Robert Piconi characterized the third quarter as meeting internal expectations, highlighting a strong transition into Q4. Key growth drivers identified include double-digit expansion in the contract backlog, robust gross margins, and improved cash generation capabilities through their 'Build and Transfer' business model.
Topics: cash generation contract backlog earnings call gross margins