As a testament to the Company's deep commitment to prioritizing sustainability throughout its operations, in 2024 Energy Vault's S&P Global Ratings ESG score increased by 37% from 2023, placing Energy Vault in the 98th percentile of its reporting industry and making Energy Vault the highest ranked energy storage company in the IEQ industry. Energy Vault's strong performance was featured in S&P Global's Sustainability Yearbook where the Company received the Industry Mover designation for the strongest year-over-year improvement in the industry. Energy Vault's sustainability directive is to enable a renewable world through the implementation of sustainable innovation and business practices that will ultimately yield a positive impact on the environment.