Energy Vault
Clean Energy On Demand | Investor Presentation | June 2022 |
© ENERGY VAULT - ALL RIGHTS RESERVED | Enabling a Renewable World | 1 |
Disclaimer
Forward-Looking Statements
The statements described herein contain forward-looking statements. All statements other than statements of historical fact contained in this presentation contained in this presentation are forward-looking statements. Forward-looking statements involve risks, uncertainties, and assumptions and include statements regarding the future expansion of our business, future demand for renewable energy and energy storage, deployments, capabilities and capital resources. There are a significant number of factors that could cause actual results to differ materially from the statements made in this presentation, including: risks related to the rollout of Energy Vault's business and the timing of expected business milestones, developments and changes in the renewable energy market, the energy storage market and the general market, the continuing impact of COVID-19, political, economic, and business conditions, our limited operating history as a public company, whether MOUs and other strategic investments will result in future revenues, sufficiency of cash to support the company's expansion plans, the fact that the company has no committed revenue for future periods and risks affecting our partnerships and customers. Additional risks and uncertainties that could affect our business and financial results and condition are included under the caption "Risk Factors" in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 we filed with the Securities and Exchange Commission (the "SEC") on May 16, 2022, which is available on our website at investors.energyvault.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this presentation are based on our current expectations and assumptions and on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
Non-GAAP Financial Metrics
This presentation includes adjusted EBITDA, a non-GAAP financial measure that supplements the financial measures prepared in accordance with generally accepted accounting principles (GAAP). This non-GAAP financial measure excludes certain items and is not prepared in accordance with GAAP; therefore, the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. We present this non-GAAP measure because management believes it complements our GAAP financial measures and is a useful measure of the Company's performance. Please see the last slide of this presentation for a reconciliation of adjusted EBITDA to net loss, the most directly comparable GAAP financial measure.
© ENERGY VAULT - ALL RIGHTS RESERVED | Enabling a Renewable World | 2 |
Energy Vault is the creator of gravity-based,grid-scale energy storage solutions that are critical to power resiliency and the world's transition to renewable energy
Mohammed Bin Rashid Al Maktoum Solar Park | Energy Resilience Center | |||
1.05 GW expanding to 5 GW by 2030 (Dubai) | Proposed 1 GW Storage at Scale | |||
~100m (350ft)
¹Total production capacity today of 1GW going to 5GW by 2030, Dubai Electricity and Water Authority (DEWA)
Solar Project: Energy generation from sunrise to sunset | Energy Vault: Energy generation on demand |
© ENERGY VAULT - ALL RIGHTS RESERVED | Enabling a Renewable World | 3 |
Our Purpose
Enabling A World Powered By Renewable Resources
Our Vision
To be the preeminent energy storage company of the 21st century.
Our Mission
To accelerate the decarbonization of our planet by introducing the most advanced, environmentally sound and economical energy storage solutions
© ENERGY VAULT - ALL RIGHTS RESERVED | Enabling a Renewable World | 4 |
Experienced Management Team & Board of Directors
Management Team
Robert Piconi | Andrea Pedretti | David Hitchcock | Chris Wiese | Gonca Icoren | Laurence Alexander | Marco Terruzzin | Josh McMorrow | John G. Jung | Kevin Keough |
Co-Founder | Co-Founder | Interim Chief | Chief Operations | Chief People | Chief Marketing | Chief Product | Chief Legal | President | SVP, Corporate |
& CEO | & CTO | Financial Officer | Officer | Officer | Officer | Officer | Officer | EVS™ | Development |
Prior Executive | Founder & CTO roles | Extensive operational | Leadership in world- | Executive Leadership | Executive leadership | Product innovator | Senior Legal | Energy storage | Corporate |
Executive with broad | |||||||||
leadership roles in | across multiple solar | financial leadership | class benchmarks in | roles in human | roles leading | and industry | veteran with deep | development | |
global experience in | |||||||||
Fortune 100 public | resource & renewable | experience, including | business operations | resource | brand strategy, | expert in | experience and | leadership across a | |
energy, industrial gas, | |||||||||
companies across | energy tech | capital markets and | and global supply | management and | marketing and sales | climate change | expertise in grid-scale | broad range of high | |
construction, & | |||||||||
various industries | companies | M&A expertise | chains strategies | talent acquisition | enablement | mitigation strategies | technology integration | growth segments. | |
chemicals industries | |||||||||
BBA University of | BS/MSc Civil | BS, Accounting & | University of | Cranfield University | Higher National | MSc Mech. | B.S. International | B.A. Western | B.S. |
Notre Dame; MBA | Engineering | MBA Wake Forest | Wisconsin- | MSc International | Diploma | Engineering | Business, cum laude | University | Georgia |
Northwestern | (ETH) Zürich, | University; | Milwaukee; BS & MA | Human Resource | Business Studies, | PhD, Energy | Trinity University | MBA, Strategy and | Institute |
University's | Switzerland | Certified Public | Stephens Institute of | Management. Orta | London UK | Economics | Finance Ivey | of Technology | |
Kellogg School of | Accountant | Technology | Doğu Teknik | MBA U.VA, Darden | J.D. Law | Business School | |||
Management | Universities | School | Honors Graduate | ||||||
University of Texas | |||||||||
School of Law, |
Board of
Directors
Robert Piconi
Co-Founder & Director
Bill Gross | Zia Huque | ||
Co-Founder & Director | Director | ||
Henry Elkus | Larry Paulson |
Director | Director |
Mary Beth Mandanas | Thomas Ertel | |
Non-Exec Director | Non-Exec Director | |
© ENERGY VAULT - ALL RIGHTS RESERVED | Enabling a Renewable World | 5 |
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Energy Vault Holdings Inc. published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 15:50:37 UTC.