Eagle Point Provides Strategic Equipment Financing to Energy Vault for Behind the Meter Power Infrastructure
Key Highlights
- ➤$137.5 million senior secured facility supports Energy Vault’s procurement of 275 MW generation capacity
- ➤Energy Vault will deploy Rolls-Royce MTU reciprocating engines across hyperscale AI infrastructure projects
- ➤Equipment deliveries are expected from the second half of 2027 through the first half of 2028
Expert Statements
Jennifer Powers, Principal and Head of Infrastructure Credit at Eagle Point
“We are excited to continue our support of Energy Vault as it expands its power infrastructure platform for hyperscale AI customers.”
Jennifer Powers, Principal and Head of Infrastructure Credit at Eagle Point
“The rapid growth of AI infrastructure is creating significant demand for power capacity and the capital required to deploy that infrastructure at scale.”
Jennifer Powers, Principal and Head of Infrastructure Credit at Eagle Point
“Equipment lead times are often a key constraint to getting power online, creating opportunities for investors that can provide tailored financing.”
Jennifer Powers, Principal and Head of Infrastructure Credit at Eagle Point
“Eagle Point’s experience across power and infrastructure positions us well to provide capital and structure solutions around these constraints.”
Cory Magnuson, President of Asset Vault at Energy Vault
“For hyperscalers, access to power and speed-to-power are increasingly determining where and how quickly AI infrastructure can be deployed.”
Cory Magnuson, President of Asset Vault at Energy Vault
“By securing 275 MW of reciprocating engine generation capacity for delivery beginning in 2027, together with dedicated financing supporting the procurement, we are taking greater control over two critical elements of execution: equipment availability and capital.”
Eagle Point Provides Strategic Equipment Financing to Energy Vault for Behind the Meter Power Infrastructure
Eagle Point Credit Management LLC (“Eagle Point”), an innovative private credit investment manager, today announced it has provided a $137.5 million senior secured credit facility to a subsidiary of Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”), a global energy infrastructure company supporting grid reliability and next-generation AI and high-performance computing infrastructure.
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