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Energy Vault Holdings shows strong growth with a unique energy storage model targeting $1.8B EBITDA by 2030

Analyst Insights
30 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Energy Vault Holdings is positioned as a strong buy due to its rapid growth and innovative recurring-revenue model focused on energy storage for data centers. The company aims for $225–$300 million in revenue by 2026 and a $1.8 billion EBITDA run-rate by 2030, driven by a growing backlog and pipeline. A strategic focus on data center projects has significantly improved profitability, with EBITDA per megawatt increasing from $0.1 million to $2.0 million. The company also demonstrates strong operating leverage and margin expansion, with revenue growth far outpacing operating expenses and a backlog-to-revenue ratio of 9.1x.

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