Green Stone Power invests in battery storage startup, EnergyVault

By Global Infrastructure Sherpa · Oct 5, 2024

Investment Storage announced Switzerland Oct 5, 2024

USD20M

Deal Value

1.5 GW

Capacity

operating

Stage

Calistoga Resiliency Center

Project

Green Stone Power invested $20 million in EnergyVault, a battery storage startup. The investment will support EnergyVault's development of innovative energy storage solutions.

Source Intelligence

KEY DETAILS

Energy Vault expects to draw nearly $200 million over the next six months to commence work on two additional late-stage projects in the U.S. and Australia. The Company expects Asset Vault to generate over $100 million in recurring annual EBITDA within the next 3-4 years.

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Deal Size

Energy Vault raises USD 300 m to build and operate energy storage assets

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Capacity

accelerating the deployment of +1.5GW in attractive priority markets and upper-tier IRR projects

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Location

Including the recapitalization of the recently completed Calistoga Resiliency Center (CRC) in California

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Financials

Energy Vault Holdings, a leader in grid-scale energy storage solutions, closed a $300 million preferred equity investment with North American infrastructure investment firm OIC L.P.

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Announcement

09.10.2025

PARTIES MENTIONED IN SOURCE

Energy Vault Holdings developer

"Energy Vault Holdings, a leader in grid-scale energy storage solutions, closed a $300 million preferred equity investment with North American infrastructure investment firm OIC L.P."

OIC L.P. investor

"Energy Vault Holdings, a leader in grid-scale energy storage solutions, closed a $300 million preferred equity investment with North American infrastructure investment firm OIC L.P."

high quality Enriched Feb 19, 2026