Energy Vault Holdings Inc., a leader in grid-scale energy storage solutions, has announced an exclusive agreement for a $300 million preferred equity investment to launch "Asset Vault." This new subsidiary will focus on developing, building, owning, and operating energy storage assets globally. The investment, sourced from a prominent infrastructure fund, is expected to facilitate over $1 billion in capital expenditure for 1.5 GW of projects across the U.S., Australia, and Europe. The preferred equity is designed to be non-dilutive to common shareholders, with milestones set for equity participation to align shareholder interests. The expansion is projected to accelerate Energy Vault's timeline to generate annual, recurring EBITDA of over $100 million within the next 3-4 years, leveraging both current projects and those under active development.