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Energy Vault (NRGV) Revenue & Revenue Breakdown

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Energy Vault Revenue Highlights

Latest Revenue (Y)

$341.54M

Latest Revenue (Q)

$1.20M

Main Segment (Y)

Other

Main Geography (Y)

UNITED STATES

Energy Vault Revenue by Period

Energy Vault Revenue by Year

DateRevenueChange
2023-12-31$341.54M134.13%
2022-12-31$145.88M100.00%
2021-12-31-100.00%
2020-12-31-100.00%
2019-12-31--

Energy Vault generated $341.54M in revenue during NA 2023, up 134.13% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Energy Vault Revenue by Quarter

DateRevenueChange
2024-09-30$1.20M-68.20%
2024-06-30$3.77M-51.41%
2024-03-31$7.76M-93.44%
2023-12-31$118.24M-31.34%
2023-09-30$172.21M333.98%
2023-06-30$39.68M247.40%
2023-03-31$11.42M-88.61%
2022-12-31$100.32M5822.20%
2022-09-30$1.69M73.39%
2022-06-30$977.00K-97.72%
2022-03-31$42.88M100.00%
2021-12-31-100.00%
2021-09-30-100.00%
2021-06-30-100.00%
2021-03-31-100.00%
2020-12-31-100.00%
2020-09-30-100.00%
2020-06-30-100.00%
2020-03-31--

Energy Vault generated $1.20M in revenue during Q3 2024, up -68.20% compared to the previous quarter, and up 3.02% compared to the same period a year ago.

Energy Vault Revenue Breakdown

Energy Vault Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22
Licensing Of Intellectual Property$735.00K$58.48M
Other$917.00K$1.76M

Energy Vault's latest annual revenue breakdown by segment (product or service), as of Dec 23: Other (55.51%), and Licensing Of Intellectual Property (44.49%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
Software Licensing$115.00K-------
Other-$373.00K$349.00K$270.00K$149.00K$149.00K$240.00K$541.00K
Licensing Of Intellectual Property------$15.60M-

Energy Vault's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Software Licensing (100.00%).

Energy Vault Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22
Other Countries-$9.72M
CHINA$477.00K$50.52M
UNITED STATES$341.07M$85.64M

Energy Vault's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (99.86%), and CHINA (0.14%).

Energy Vault Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
RNWReNew Energy Global$78.22B$15.99B
AZREAzure Power Global$20.75B$66.92M
FLNCFluence Energy$2.22B$623.14M
CWENClearway Energy$1.31B$486.00M
AYAtlantica Sustainable Infrastructure$1.10B$242.93M
ORAOrmat$829.42M$212.96M
NRGVEnergy Vault$341.54M$1.20M
ENLTEnlight Renewable Energy$255.70M$89.59M
AMPSAltus Power$155.16M$58.68M
ADNAdvent Technologies$7.84M$805.00K
HLGNHeliogen$4.45M$1.05M

NRGV Revenue FAQ

What is Energy Vault’s yearly revenue?

Energy Vault's yearly revenue for 2023 was $341.54M, representing an increase of 134.13% compared to 2022. The company's yearly revenue for 2022 was $145.88M, representing an increase of 100.00% compared to 2021. NRGV's yearly revenue for 2021 was $0, representing an increase of 100.00% compared to 2020.

What is Energy Vault’s quarterly revenue?

Energy Vault's quarterly revenue for Q3 2024 was $1.2M, a -68.20% decrease from the previous quarter (Q2 2024), and a -99.30% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $3.77M, a -51.41% decrease from the previous quarter (Q1 2024), and a -90.50% decrease year-over-year (Q2 2023). NRGV's quarterly revenue for Q1 2024 was $7.76M, a -93.44% decrease from the previous quarter (Q4 2023), and a -32.07% decrease year-over-year (Q1 2023).

What is Energy Vault’s revenue growth rate?

Energy Vault's revenue growth rate for the last 3 years (2021-2023) was 0%, and for the last 5 years (2019-2023) was 0%.

What are Energy Vault’s revenue streams?

Energy Vault's revenue streams in c 23 are Licensing Of Intellectual Property, and Other. Licensing Of Intellectual Property generated $735K in revenue, accounting 44.49% of the company's total revenue, down -98.74% year-over-year. Other generated $917K in revenue, accounting 55.51% of the company's total revenue, down -47.84% year-over-year.

What is Energy Vault’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Energy Vault was Other. This segment made a revenue of $917K, representing 55.51% of the company's total revenue.