At Energy Vault®, we envision a planet where science and deep respect for our natural resources herald creative technological advancements in sustainable, clean, renewable energy. Our team of energy industry experts are pioneering a faster journey to the decarbonization of our planet by reducing the cost of abundant clean energy, delivering valuable, grid-scale energy storage solutions, and efficiently solving the demanding requirements of a clean energy future.
Energy Vault® stakeholders and employees have a shared passion to combat climate change through innovation in energy storage technologies. With our vast global network in leadership, management, and contribution, Energy Vault is well positioned to meet the large and currently unmet demand for sustainable and economical energy storage for renewable energy generation worldwide.
Energy Vault® is honored to have established strong governance that will allow us to best serve customer needs while accelerating adoption and deployment of the technology.
Chairman, Co-Founder & CEO - Energy Vault
Robert Piconi is co-founder of Energy Vault, Inc., has served as our Chief Executive Officer and as our director since 2022. Mr. Piconi has also served as the chairman of the board for Chronos Imaging LLC since 2017 and as member of the board of directors of Healthcare AI Acquisition Corp (Nasdaq: HAIA) since November 2021. Prior to Energy Vault, Mr. Piconi was founder and CEO of Medical Equipment Solutions & Applications (MESA) Group Holdings, which was acquired by London-based Private Equity firm Permira in 2014, becoming Pantheon Healthcare Group and later Althea Group where he served as its Chief Executive Officer and a member of its board from 2014 to 2016. Prior to Pantheon Healthcare Group, Mr. Piconi served as Group Executive for the Network Software and Security Platform group companies at Danaher Corporation (NYSE:DHR) from 2012 to 2014. Mr. Piconi’s earlier experience included roles of increasing responsibility at large Fortune 500 public companies, including the diversified energy group Amoco Corporation and British Petroleum (NYSE: BP) after its merger with Amoco in 1998, followed by executive leadership roles of increasing responsibility at Bell Labs Lucent Technologies (now Nokia, NASDAQ: NOK) and as President and Chief Operating Officer at Spirent Communications (LSE:SPT) within the telecommunications network infrastructure industry. Mr. Piconi holds a B.S./B.B.A. from the University of Notre Dame and an M.B.A. from Northwestern University’s Kellogg School of Management. Energy Vault believes Mr. Piconi is qualified to serve as a member of the Board of Directors due to his extensive executive management and leadership experience across a variety of energy and technology companies. We believe Mr. Piconi is well qualified to serve as a director because of his prior leadership roles in Fortune 100 public companies.
Co-Founder - Energy Vault & Idealab Studio
Bill Gross is co-founder of Energy Vault, Inc. and has served as our a director since 2022. Mr. Gross co- founded Idealab Studio, LCC and has served as its Chairman and Chief Executive Officer since 2018. Mr. Gross also served as Chief Executive Officer of Idealab, a technology incubator he founded, from February 1996 to December 31, 2017. Mr. Gross has served as Chairman of the board for Heliogen, Inc. (NYSE: HLGN) since 2015 and has served as a member of its board since 2013. In addition, Mr. Gross has served as the Chief Executive Officer for Heliogen, Inc. since 2013. Mr. Gross has more than 40 years of experience in conceiving and starting new technology companies, including GoTo.com/Overture.com, Energy Vault, Inc., Carbon Capture, Inc., and CarsDirect.com/Internet Brands, Inc. In addition to continuing to serve as Idealab’s board chairman since 1996, Mr. Gross serves on the boards of directors of numerous companies and is also a member of the Board of Trustees of Caltech. We believe Mr. Gross is well qualified to serve as a director because of his substantial business, leadership and management experience.
General Partner - Prime Movers Lab
Zia Huque has been a member of Energy Vault’s Board of Directors since 2022. Mr. Huque is a General Partner of Prime Movers Lab where he focuses on growth-stage investing. Zia brings a wealth of experience in later-stage financing, having been in the business of risk investment and risk management across credit, rates, equities, and derivatives asset classes for the vast majority of his career. Zia also brings his operational expertise to Prime Movers Lab, having had vast executive, strategic and operational responsibilities across multiple businesses and regions of a top-five global investment bank managing tens of billions of dollars and thousands of employees. He serves on the boards of multiple Prime Movers Lab portfolio companies. We believe Mr. Huque is well qualified to serve as a director due to his vast executive, strategic and operational experience across multiple businesses.
Prior to Prime Mover Labs, Zia served as the President and Chief Executive Officer of Deutsche Bank Securities Inc, the US Broker Dealer of Deutsche Bank, from early 2018 until his departure from Wall Street in 2019. At Deutsche Bank, Zia was also Head of Equities, Fixed Income & Currencies for the Americas from 2016 to 2018 and Global Co-Chief Operating Officer of Corporate Banking and Securities from 2012 until 2016. During Zia’s 30-year finance career on Wall Street, he held multiple executive positions in the United States, Europe and Asia while leading investment banking, sales and trading functions spanning many industries, products, and clients. Zia received his BA in Economics and in Political Science from Williams College. He resides in Wyoming with his wife and two daughters and is active in the local community.
Executive Vice President of Government Affairs & Global Public Policy - United Airlines
Theresa Fariello joined the Energy Vault Board of Directors on February 1, 2023. Theresa serves as Executive Vice President of Government Affairs & Global Public Policy for United Airlines (Nasdaq: UAL). In this role, Theresa leads the company’s federal, state, local and international government engagement including environmental affairs, and is based in Washington, D.C. Under Terri's direction, United has set a course to be 100% green by 2050 by reducing greenhouse gas emissions 100% without relying on traditional carbon offsets and has invested in the future production of over three billion gallons of SAF – the most of any airline in the world. Before joining United, she served as vice president of Exxon Mobil Corporation’s Washington, D.C. office and led the company’s federal and state government affairs operation.
In her 16-year tenure at Exxon Mobil, Theresa advised the company’s senior leadership on key issues before Congress, the Executive Branch and state governments. Prior to joining Exxon Mobil, Theresa served as deputy assistant secretary for International Energy Policy in the Office of International Affairs at the U.S. Department of Energy and held senior leadership positions at Occidental Petroleum Corporation.
Theresa also served as a Congressional aide to two members of Congress. Throughout her career, Theresa has been recognized for leadership in government relations, including being named to the Washingtonian Magazine’s list of “Most Powerful Women” and The Hill’s “Top Lobbyists.”
Theresa holds an LLM in International and Comparative Law from the Georgetown University Law Center and a juris doctorate from George Mason University School of Law. She received her undergraduate degree in political science from George Washington University.
Theresa serves as the Chair, Board of Directors, of the Humane Rescue Alliance. She contributes to her community by serving on the boards of a number of groups including the National Archives Foundation, Public Affairs Council, Business Council for International Understanding, the Economic Club of Washington, D.C., the Carlton Club and Ford’s Theatre.
Chief Executive Director -
Onyx Renewable Partners
Mary Beth Mandanas has served as a member of our Board of Directors since 2022. Ms Mandanas currently serves as Chief Executive Officer for Onyx Renewable Partners L.P., having begun this role in January 2022. Since July 2021, Ms. Mandanas has served as an Independent Director, Audit Chair, on the Board of TortoiseEcofin Acquisition Corp III. From August 2020 to August 2021, she consulted and served as Chief Investment Officer for Sol Systems, LLC, a renewable energy infrastructure and impact investment company based in Washington, DC. Previously, from the fall of 2015 to May 2020, Ms. Mandanas held the position of Executive Vice President, Chief Strategy Officer, of CleanChoice Energy, Inc., a company engaged in renewable energy retail supply and community solar, where she led strategic planning and was responsible for raising capital, banking/investor relations and establishing protocols for risk management and financial reporting. Prior to joining CleanChoice Energy in 2015, Ms. Mandanas worked in corporate and investment banking for more than 20 years, principally focused in the power and utility sector and executing across multiple facets of corporate finance/strategic advisory transactions, which included capital raising, structured financings, liability/interest rate/commodity risk management, treasury operations, capital allocation strategies, dividend policy and mergers and acquisitions. From 2013 to the fall of 2015, she served as Head of the Power/Utility Group in Corporate Banking at RBC Capital Markets, LLC, where she helped form the renewable tax equity business and grow the renewable loan portfolio. Prior to RBC Capital Markets, Ms. Mandanas served as Managing Director in Citigroup’s North American Power/Utility Corporate and Investment Banking Group from 2007 to 2013. From 1998 to 2007, Ms. Mandanas held various roles at Credit Suisse in the Power and Utility Investment Banking Group and in the Leveraged Finance/Financial Sponsors Group. She has worked across many industries, including companies in the power and utilities, textiles, chemicals, general industrials and education sectors. Additionally, Ms.Mandanas also spearheaded various diversity initiatives at Credit Suisse and was successful in establishing an annual leadership conference for female clients. Prior to joining Credit Suisse, she was a Vice President at NationsBank in New York. Additionally, Ms. Mandanas served on the Board of Trustees for the Business Partnership Foundation for the University of South Carolina for five years. Ms. Mandanas earned her M.B.A degree from Vanderbilt University and graduated, magna cum laude, with a B.S. from the University of South Carolina. We believe Ms. Mandanas is well qualified to serve as a director because of her significant experience and knowledge in finance, risk management, investment banking, business and work with companies involved in renewable energy and other areas of the energy industry.
Chief Accounting Officer -
Strada Education Network
Thomas Ertel has been a member of our Board of Directors since 2022.He was a Partner at Ernst & Young, LLP, an accounting firm, from June 2002 until his retirement from full-time employment in June 2017. Prior to that, Mr. Ertel spent 25 years, including 13 years as Partner, with Arthur Andersen, LLP, an accounting firm. Since October 2017, Mr. Ertel has served as Senior Vice President and Chief Accounting Officer of Strada Education Network, a nonprofit organization that strengthens America’s pathways between education and employment. From December 2017 through September 2021, he served as a director on the board of directors of Blackbaud, Inc. He holds a BS in Accounting from Ball State University and has maintained an active CPA license in the State of Indiana since 1980. We believe Mr. Ertel is well qualified to serve as a director because of his management skills and because of his knowledge and experience in accounting and corporate transactions.
Member of The Board of Directors
Larry Paulson has served as Novus’s non-executive Chairman since its inception. Mr. Paulson co-founded Novus Capital Corporation and has served as its Chief Executive Officer and a director since its inception in March 2020 until its business combination with AppHarvest, Inc. in January 2021. Mr. Paulson has served as a managing member of Novus Capital Associates, LLC since its formation in October 2020. He has also served as principal and founder of Rancho Santa Fe Solutions, a wireless industry consulting company he founded in February 2010. From 2013 to January 2020, Mr. Paulson was with Qualcomm (Nasdaq:QCOM) where he served as Vice President of Product Management (2013-16), Vice President and President India and SAARC (2016-2018) and Vice President Sales NA and Australia (2018-Jan 2020). Prior to Qualcomm, he served as Executive Vice President and Chief Marketing Officer of Brightpoint, Inc., a provider of worldwide distribution and integrated logistics services to the wireless communications industry, from 2011 to 2013. Prior to that he served with Nokia (NYSE:NOK) from 1987 to 2009 where he had numerous roles including global Senior Vice President and General Manager CDMA Product line. Mr. Paulson holds a BA in Communications from Point Park University. We believe Mr. Paulson is well qualified to serve as a director because of his more than thirty years of global senior management positions in the tech industry with expertise in wireless communications.
Energy Vault® global management team is focused on accelerating the adoption and deployment of our technology to provide flexibility to deploy, at scale with customized solutions for our identified target customers.
Chairman, Co-Founder & CEO
Robert Piconi is co-founder of Energy Vault, Inc., has served as our Chief Executive Officer and as our director since 2022. Mr. Piconi has also served as the chairman of the board for Chronos Imaging LLC since 2017 and as member of the board of directors of Healthcare AI Acquisition Corp (Nasdaq: HAIA) since November 2021. Prior to Energy Vault, Mr. Piconi was founder and CEO of Medical Equipment Solutions & Applications (MESA) Group Holdings, which was acquired by London-based Private Equity firm Permira in 2014, becoming Pantheon Healthcare Group and later Althea Group where he served as its Chief Executive Officer and a member of its board from 2014 to 2016. Prior to Pantheon Healthcare Group, Mr. Piconi served as Group Executive for the Network Software and Security Platform group companies at Danaher Corporation (NYSE:DHR) from 2012 to 2014. Mr. Piconi’s earlier experience included roles of increasing responsibility at large Fortune 500 public companies, including the diversified energy group Amoco Corporation and British Petroleum (NYSE: BP) after its merger with Amoco in 1998, followed by executive leadership roles of increasing responsibility at Bell Labs Lucent Technologies (now Nokia, NASDAQ: NOK) and as President and Chief Operating Officer at Spirent Communications (LSE:SPT) within the telecommunications network infrastructure industry. Mr. Piconi holds a B.S./B.B.A. from the University of Notre Dame and an M.B.A. from Northwestern University’s Kellogg School of Management.
Co-Founder & Chief Technology Officer
Andrea Pedretti is Energy Vault Inc.’s co-founder and has served as Energy Vault’s Chief Technology Officer since 2022. Since 2016, Mr. Pedretti has also served as Managing Director for pquadrum engineering SA. Prior to Energy Vault, Mr. Pedretti served as a scientific advisor to Synhelion SA from 2016 to 2019. Prior to joining Synhelion SA, Mr. Pedretti was co-founder of Airlight Energy and its Chief Technology Officer from 2007 to 2016. Prior to co-founding Airlight Energy, Mr. Pedretti was company director and Chief Technology Officer at Airlight Ltd. Mr. Pedretti holds a M.S. in Civil Engineering from the Swiss Federal Institute of Technology (ETH).
Chief Operating Officer
Christopher K. Wiese has served as Energy Vault’s Chief Operating Officer since 2022. Mr. Wiese also served as Energy Vault Inc.’s Vice President of Engineering from February 2021 to September 2021. Prior to Energy Vault, Mr. Wiese served as Vice President of Global Procurement for Zebra Technologies Corporation (Nasdaq:ZBRA) from 2015 to 2019. Prior to joining Zebra Technologies Corporation Mr. Wiese served as the Senior Vice President of Engineering at Danaher from 2013 to 2014, and the Chief Operating Officer for Spirent Communications plc from 2007 to 2013. Mr. Wiese began his career at Bell Labs in 1988 and progressed through increasing roles of responsibility within the R&D, Engineering and Supply Chain organizations. Mr. Wiese holds a B.S. and a M.S. in Mechanical Engineering from the University of Wisconsin.
Chief People Officer
Goncagul İçören has served as Energy Vault’s Chief People Officer since 2022. Prior to Energy Vault, Ms. Icoren served as an Executive Director of HR at Amgen Inc. (Nasdaq:AMGN) from 2017 to 2021 and a Regional HR Lead from 2014 to 2017. Prior to joining Amgen Inc., Ms. Icoren served as Vice President of Global Talent Management at Actavis Pharma, Inc. from 2012 to 2014 and Vice President of Human Resources for Europe from 2009 to 2012. Ms. Icoren holds a B.A. in International Relations from Middle East Technical University and an Executive M.Sc. in International Human Resource Management from Cranfield University Cranfield School of Management.
Chief Financial Officer
Jan Kees van Gaalen serves as Energy Vault’s Chief Financial Officer. Jan Kees is a highly accomplished global CFO, who has served at five public, mainly energy-focused, companies and brings extensive Wall Street, analyst, and capital markets experience.
Prior to joining Energy Vault, Jan Kees served as the interim CFO at OneSpan, a publicly held software company. He was CFO of C&J Energy Services, which specializes in oilfield services with $2bn in revenue. In this role, Jan Kees was responsible for the Finance and IT functions and planned and executed a $450mil revolving facility, prior to the merger with Keane. Prior to C&J, he was CFO at Kennametal, a $2.5bn revenue company with, approximately 12,700 employees and with sales in 62 countries that primarily included manufactured metalworking products, and finished components for aero, oil and gas, mining and road working industries. He helped formulate and initiate the implementation of a $200-300 million modernization plan of the company’s manufacturing facilities. Jan Kees spent his career prior to Kennametal as a global executive in oil & gas, oilfield services, and mining.
Jan Kees has lived in the UK, France, Venezuela, Brazil, South Africa, Indonesia and since June 2009 in the US. He holds a MSc, in Economics from Erasmus University in Netherlands and an MBA from HEC Management School in France. He is originally from Holland and currently lives in Florida with his wife Catherine. Jan Kees and Catherine have three children, living in France and the UK.
Chief Marketing Officer
Laurence Alexander has served as Energy Vault’s Chief Marketing Officer since 2022. Mr. Alexander has also served as Chairman for Wantley Manor Consultancy Ltd. since 2002 and a board advisor for Chronos Imaging LLC since 2018. Prior to Energy Vault, Mr. Alexander co-founded EarlyWMC Limited and served as its Chairman from 2010 to 2019. Mr. Alexander also served as Vice President Marketing for Danaher Corporation from 2010 to 2015. Prior to Danaher Corporation, Mr. Alexander served as Group Chief Executive Officer for SAB Holdings, LLC from 2009 to 2010. Prior to SAB Holdings, LLC, Mr. Alexander served in roles of increasing responsibility for O2, a brand owned by Telefónica, from 2002 to 2005. Prior to O2, Mr. Alexander served as Chief Executive Officer for Genie, a subsidiary of British Telecom, from 1999 to 2002. Prior to Genie, Mr. Alexander served as Managing Director of Consumer Services and Chief Operating Officer for World Online from 1998 to 1999. Mr. Alexander holds a HND in Business Studies from Greater Brighton MET.
Chief Legal Officer
Josh McMorrow has served as Energy Vault’s Chief Legal Officer since 2022. Mr. McMorrow is responsible for overseeing Energy Vault’s legal, regulatory, IP and compliance functions, as well as all legal aspects of its strategic and commercial partnerships as the company continues to scale its operations and expand its global footprint. Mr. McMorrow joined the Energy Vault leadership team as a Senior Legal Executive with broad international experience in the energy, industrial gas, construction, and chemicals industries. Mr. McMorrow has been recognized as one of the top 100 GCs in three countries (United States, Switzerland, and Germany) as well as being named General Counsel of the Year for Energy. Mr. McMorrow serves on the Supervisory Board, and as a member of the Audit Committee, of Philomaxcap AG. Before joining Energy Vault, he served as Vice President, Secretary and Group General Counsel for Atotech Group from 2019 to 2022, and he also served in a number of roles for Weatherford International from 2014 to 2019 including VP, Chief Commercial Counsel and General Counsel - North America. Mr. McMorrow also spent 8 years with Air Liquide, ultimately as General Counsel of Air Liquide Engineering & Construction for the Americas. Josh McMorrow graduated with Honors from the University of Texas School of Law and completed his undergraduate degree in International Business at Trinity University, graduating cum laude.
Chief Product Officer
Marco Terruzzin has served as Energy Vault’s Chief Product Officer since 2022. Prior to Energy Vault, Dr. Terruzzin was founder of EVfy, Inc. Prior to founding EVfy, Inc., Dr. Terruzzin served as Director of Energy Storage for RWE Renewables GmbH from 2017 to 2019. Prior to joining RWE Renewables GmbH, Dr. Terruzzin served as Head of Energy Storage Edge Platform for Stem, Inc. from 2016 to 2017. Prior to joining Stem, Inc., Dr. Terruzzin served as Managing Director — Americas for Electro Power Systems S.A. from 2015 to 2016. Dr. Terruzzin holds a M.Sc. in Mechanical Engineering and a Ph.D. in Energy Economics from University of Padua (Italy) and an M.B.A. from the University of Virginia Darden School of Business.
President, EVSTM
John Jung has served as Energy Vault’s President of Energy Vault Solutions since 2022. Prior to Energy Vault, Mr. Jung served as Operating Partner for Cota Capital Management, LLC from January 2020 to October 2021. Prior to joining Cota Capital Management, LLC, Mr. Jung co-founded BrightNight, LLC and served as its President from May 2019 to October 2019. Prior to BrightNight, LLC, Mr. Jung served as Global Vice President, Energy Storage/Software/Solar for Warstila Corporation from July 2017 to December 2018. Prior to Wartsila Corporation, Mr. Jung founded Greensmith Energy Management Systems Inc. and served as its President and Chief Executive Officer from its inception in April 2009 until it was acquired by Wartsila Corporation in June 2017. Mr. Jung holds a B.A. in Pure Science and Economics from the University of Western Ontario and a M.B.A. in Strategy and Finance from Ivey Business School.
Chief Engineering Officer, EVSTM
Energy Vault welcomes Akshay Ladwa as the Chief Engineering Officer of Energy Vault Solutions responsible for technology innovation and creating customer centric solutions.
Akshay’s experience includes executive management roles in Energy Storage, Integration, project management and Engineering (BrightNight, Wärtsilä, and Greensmith), Mechanical Systems Engineer (GE Energy Storage), and PV System Design and Development Engineer (Solar).
Akshay holds a Masters of Science in Mechanical Engineering from Laurence Technological University, and a Bachelors of Science degree in Mechanical Engineering from Visvesvaraya Technological University.
Senior VP Project Execution & Delivery
E.B. Jensen serves as SVP, Project Execution and Delivery of Energy Vault responsible for leading global deployments of Gravity Energy Storage Solutions (GESS) and Battery Energy Storage Solutions (BESS) and will play a critical role as we continue to rapidly advance global deployments.
E.B. brings more than three decades of leadership experience in cross-industry engineering, project management and execution. He has worked in consultancy early in his career in several industrial power companies, and as Director of Operations and Business Development at Jacobs Engineering leading a multi-disciplinary group of engineers, project, and construction managers. He then moved to Worley as VP&GM-Power and New Energy where he took part in driving strategy to take the business unit from 350M USD to 3B USD. Prior to joining Energy Vault, E.B. was the Senior Vice President of Power at Mott MacDonald.
E.B. holds a BSc – Mechanical Engineering from California State Polytechnic University and lives in the greater Los Angeles area with his family. Please join us in welcoming E.B. to the Energy Vault Leadership Team.
Senior VP Corporate Development
Kevin Keough serves as Senior Vice President of Corporate Development responsible for working with the executive management team to set the strategic plan and to drive all M&A activities.
Kevin has led corporate development at Danaher, Tektronix, Netscout, and Inet Technologies across a broad range of high growth segments. At these businesses, he was responsible for their long-range growth strategies and driving complementary mergers and acquisitions that accelerated and amplified execution success.
Kevin applied his knowledge of the rigorous Danaher Business System, DBS, to successfully deploy more than $5B of capital to achieve numerous accretive transactions that expanded addressable market sizes, exploited white space opportunities, consolidated attractive segments and added key growth technologies and business assets.
Kevin holds a degree in electrical engineering from the Georgia Institute of Technology in Atlanta, Georgia.
Prior to Launch
Initial investment procurement and technology principles validation via 1/3 scale demonstration unit in Biasca, Switzerland.
Energy Vault® announced commercial availability of transformative, utility-scale, gravity energy storage technology.
Including seismic analysis (CalTech), lifetime and reliability studies, and continued further software testing, simulation, and optimization.
Energy Vault® wins World Changing Idea Award 2019 from Fast Company in the energy sector.
CEMEX Ventures invests in Energy Vault® to support rapid deployment of energy storage technology using composite bricks.
Energy Vault® Closes Series B Funding With $110 Million Investment from Softbank Vision Fund.
CEMEX research & development lab testing confirmation of sustainable composite block materials.
3rd party validation testing for EPA compliance of mobile masses produced with coal combustion residuals.
Energy Vault® Named Technology Pioneer by World Economic Forum as It Offers an Economic Way to Store Clean Energy and Deliver Dispatchable Power.
35 MWh Commercial Demonstration Unit construction completion and connection to the Swiss National Grid.
EVx™ product development and validation prospecting with commercial engagements.
Helena investment and partnership is focused on further expansion of Energy Vault’s circular economy value proposition.
Energy Vault® announces investment from SAEV with focus on deployment of new EVx™ energy storage technology within Aramco.
Energy Vault® announces Series C Funding investment led by existing investor Prime Movers Lab, with additional participation from other new and existing investors.
Begins Trading on the New York Stock Exchange.
Energy Vault’s collaborative partners are vital to achieving our goal to transform the world’s approach to affordable, reliable, and sustainable electricity. Energy Vault® partnership programs are designed to enhance sustainable production design and to encourage global deployment of Energy Vault Solutions™.