Energy Vault Appoints E.B. Jensen as Senior Vice President, Project Execution and Delivery
November 01 2022 - 8:00AM
Business Wire
Jensen to lead global deployments of gravity
and battery energy storage solutions, bringing over three decades
of power industry engineering, construction, commissioning and
project management experience
Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the
“Company”), a leader in sustainable grid-scale energy storage
solutions, announced today the appointment of E.B. Jensen as Senior
Vice President of Project Execution and Delivery. The appointment
is effective immediately and Jensen will report to Robert A.
Piconi, Chairman and Chief Executive Officer.
In this new role, Jensen will be responsible for the project
execution and delivery of gravity and battery energy storage
projects. Specifically, Mr. Jensen will collaborate with Energy
Vault’s Engineering, Procurement and Construction (EPC) partners
while optimizing the supply chain at each customer site to ensure
successful execution, commissioning and final project delivery. He
will also oversee Energy Vault’s site selection and permitting
processes for building the Company’s energy storage facilities on a
global basis.
“I am pleased to welcome E.B. to Energy Vault as he brings deep
industry expertise leading projects across a variety of power
generation platforms,” said Robert Piconi, Chairman, and Chief
Executive Officer, Energy Vault. “E.B. joins the team at an
especially exciting time for Energy Vault, as we continue to
rapidly advance a number of global deployments, including our first
gravity energy storage solutions in China, the United States and
Australia, as well as several large short duration battery energy
storage projects announced in the last four months across the
United States and Australia. The rapid market adoption of our
portfolio of energy storage solutions is reflected in the growth of
our backlog and commercial project awards on a multi-GWh basis, and
continue at a rapid pace as we are closing our first year as a
public company.”
“I am thrilled to join Energy Vault and look forward to
accelerating the execution and deployment of projects, delivering
on-time and on-budget results as the Company leads the industry in
providing a full range of energy storage solutions to our customers
and partners,” said E.B. Jensen, Senior Vice President of Project
Execution and Delivery. “I look forward to building on the existing
foundation and implementing a world-class execution function.”
Prior to joining Energy Vault, Jensen served as Senior Vice
President at Mott MacDonald, where he led a multi-discipline
national engineering design and construction group. Before Mott
MacDonald, he was Vice President and General Manager of Power and
New Energy at Worley, an engineering and complex process
specialist, from 2015 until 2021, where he was a member of the
global strategy team that was responsible for driving the business
unit from $350 million of annual revenues to $3 billion.
Previously, Jensen spent 12 years at Jacobs, a leading engineering
and construction firm, serving in a variety of positions, most
recently as Director and Operations Manager of Power and
Energy.
Jensen graduated with a Bachelor’s Degree in Mechanical
Engineering from California State Polytechnic University, is a
registered Professional Engineer and a Certified Energy
Manager.
About Energy Vault
Energy Vault develops and deploys sustainable
energy storage solutions designed to transform the world's approach
to utility-scale energy storage in realizing decarbonization while
maintaining grid resiliency. The company's proprietary
gravity-based energy storage technology, battery storage
technology, and energy storage management and integration platform
are intended to help utilities, independent power producers and
large industrial energy users significantly reduce their levelized
cost of energy while maintaining power reliability. Utilizing
eco-friendly materials with the ability to integrate waste
materials for beneficial re-use, Energy Vault is facilitating the
shift to a circular economy while accelerating the clean energy
transition for its customers.
For more information on Energy Vault, please see the Company’s
website at https://www.energyvault.com/.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks, uncertainties, and assumptions including statements
regarding Energy Vault’s future expansion, deployments and
capabilities. There are a significant number of factors that could
cause actual results to differ materially from the statements made
in this press release, including: risks related to the deployment
of Energy Vault’s energy management software the projects announced
in this press release, risks related to Energy Vault’s ability to
supply equipment, engineering, procurement, construction and
balance of plant services for the projects announced in this press
release, the fact that the project is the first such deployment for
Energy Vault and as a result, there could be unforeseen issues with
the system, the ability to meet milestones in order to receive
payments, unforeseen delays in the projects announced in this press
release, whether these projects will be constructed on time or
whether they will operate as planned, developments and changes in
the general market, the continuing impact of COVID-19, political,
economic, and business conditions, and the impact of competing
technologies on demand for battery powered projects. Additional
risks and uncertainties that could affect our financial results are
included under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in the Quarterly Report on Form 10-Q for the quarter
ended June 30, 2022, filed with the SEC on August 8, 2022, which is
available on our website at investors.energyvault.com and on the
SEC's website at www.sec.gov. Additional information will also be
set forth in other filings that we make with the SEC from time to
time. All forward-looking statements in this press release are
based on information available to us as of the date hereof, and we
do not assume any obligation to update the forward-looking
statements provided to reflect events that occur or circumstances
that exist after the date on which they were made, except as
required by applicable law.
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Investors: energyvaultIR@icrinc.com
Media: media@energyvault.com
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