Energy Vault's shift to owning and operating storage assets turns lumpy project income into recurring revenue, while AI data centers open higher-value markets. Revenue rose over 340% to about $203M in 2025, with a first positive EBITDA quarter in Q4, and the backlog grew over 300% to about $1.3B. Its Crusoe partnership builds AI data-center power expected to earn 10-20x more EBITDA per MW than traditional storage. The key risk is converting backlog into cash flow without funding stress. x.com  … Show more

Energy Vault could earn a rerating as it pivots from battery producer to battery asset manager and independent power producer, the same model as Enlight Renewable Energy. It is a heavy loss-maker today, but after a few buildouts it could generate reliable earnings and cash flow within a few years that Wall Street can value easily. Energy Vault should own its market in the medium term, with a rough, finger-in-the-air target of $16, though patience may be needed until Democrats are in control. … Show more

Energy Vault and Enlight Renewable Energy gain because the money in batteries is in owning and running them, not making them. Owner-operators charge on cheap midday solar, sell into evening peaks and earn standby payments, for 50-60% EBITDA margins in low-penetration markets; Enlight posted 75% in 2025. Energy Vault's Cross Trails project pairs a 10-year Gridmatic revenue floor with merchant upside. Bimergen Energy is a far riskier lottery ticket. Wider battery adoption could erode arbitrage. … Show more

Energy Vault has hit a huge execution milestone in powering hyperscale AI campuses. It locked in 275MW of Rolls-Royce MTU engine capacity with financing lined up through Eagle Point Credit, and Italy named its Sardinia AI project of pre-eminent national strategic interest, which speeds approval. The stock has broken out of a falling wedge; $4.46 is the trigger for continuation above $4.50. x.com 

IREN's 5 GW-plus of secured power is becoming one of AI's scarcest inputs, so demand is no longer the question. About $4 billion of AI Cloud ARR is contracted, $1 billion operating, 2026 capacity is largely sold out and 2027 talks are advanced. Recent three-year contracts top $20M a year per IT MW, with talks near $25M. Its $25-30B FY27 capex may be funded increasingly by customers and lenders. The risks are building fast enough and keeping dilution from absorbing the value. x.com