newsfilter
← Latest News
Business Wire·

Energy Vault Appoints Senior Capital Markets Veteran Nitin Dahiya from BlackRock as Chief Financial Officer as its Global Energy Infrastructure Growth Accelerates

NRGV
  • Energy Vault Holdings, Inc. (NYSE: NRGV) appointed Nitin Dahiya, CFA, as Chief Financial Officer to strengthen its executive leadership & global capital formation capabilities.
  • Dahiya joins from BlackRock's Direct Private Opportunities group where he served as Senior Portfolio Manager & led structured financing transactions across energy, infrastructure, private credit & specialty finance.
  • His appointment follows recent multi-GWh IPP project growth in Australia, the acquisition of an 850MW IPP portfolio in Japan & AI compute infrastructure wins in the US.
  • Dahiya will formally begin his tenure on July 27, 2026, bringing over two decades of experience in institutional investment, corporate finance & capital markets.
  • Current CFO Michael Beer will transition from his role to pursue other opportunities as part of the leadership change.
  • The company reported material increases in its Q2 2026 contract backlog & positive financial outlook impacts to be discussed during the Q2 Earnings Call on August 11, 2026.
  • Dahiya's expertise supports Energy Vault's strategy to expand across utility-scale energy storage, Asset Vault IPP ownership, AI compute infrastructure & software-enabled energy management systems.
  • The company is executing its "Own & Operate" asset management strategy supported by a previously announced $300M Preferred Equity fund to drive capital efficiency.
  • Energy Vault continues to expand its global power infrastructure platform by integrating energy storage, AI infrastructure, software & long-term infrastructure ownership.