Energy Vault Holdings, Inc. (NYSE:NRGV) Q4 2023 Earnings Call Transcript

And specifically with gravity, obviously, we’re talking about systems that take 12 months to 18 months to build. So, — but those are coming. They are at quite a significant royalty percentage. I mean on revenue, 5% is, I’d say, towards the higher end of what you see in royalty agreements. So, it’s something that we’re going to be providing some indicators on in terms of when we expect those to kick in on some of the initial agreements going forward.

Noel Parks: Great. Thanks a lot.

Robert Piconi: All right. Thank you.

Operator: Thank you. There are no further questions at this time. I’d like to turn the call back to Robert Piconi for closing remarks.

Robert Piconi: Just to thank everyone for joining and their time and again to thank the employees of Energy Vault and what we achieved in 2023 and what we’re looking forward to here in 2024 and 2025. So, just to thank the employees of the company and those of you that have joined and have been supporters of Energy Vault, we thank you for that, all the investors there. And we look forward to hopefully seeing some of you post our Q1 earnings, May 7th, we’ll be speaking again then and potentially in person on May 8th in New York. Thank you very much.

Operator: This concludes today’s conference. You may now disconnect your lines. Enjoy the rest of your day.