– SWITZERLAND, Lugano – Energy Vault Holdings, Inc. (NYSE: NRGV) today announced the appointments of Mary Beth Mandanas and Thomas Ertel to its Board of Directors.
“Mary Beth and Thomas are invaluable additions to Energy Vault’s Board,” said CEO, Robert Piconi.
He added: “In addition to their exceptional experience and in-depth knowledge in their respective fields that will enhance our Board of Directors, they are also well respected leaders that share our values as a company and who built very successful careers upon that foundation. Mary Beth’s deep experience in renewable energy and prior power and utility investment banking experience earlier in her career will be a significant asset as we expand deployment of our technology to accelerate decarbonization globally. Tom’s extensive financial and accounting expertise at very senior levels will further strengthen the depth of capabilities at Energy Vault as a public company.”
About Mary Beth Mandanas Thomas Ertel
Ms. Mandanas is currently CEO of Onyx Renewable Partners, L.P., a renewable and distributed energy solutions platform serving the commercial, industrial and municipal sectors in North America. 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 CIO 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 EVP, 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. Her earlier career included Managing Director and Director roles in the Power and Utility sectors at leading investment banks, Citigroup and Credit Suisse, for over 15 years.
About Thomas Ertel
Mr. Ertel serves as the Chief Accounting Officer at Strada Education Network and holds more than 30 years of leadership experience advising audit committees and C-suite executives on global corporate governance and financial matters. Mr. Ertel’s experience in mergers and acquisitions includes work in due diligence, complex accounting, valuation issues, internal control evaluation, and finance personnel and integration assessment. Mr. Ertel also has an extensive background in coordinating legal, tax, valuation, and finance experts to ensure efficient and thorough acquisition processes. He spent 15 years with Ernst & Young in Indianapolis, serving as assurance partner and lead client service partner, and working with multinational and domestic companies in various industries.
About Energy Vault
Energy Vault develops sustainable energy storage solutions designed to transform the world’s approach to utility-scale energy storage for grid resiliency. The company’s proprietary, gravity-based Energy Storage Technology and the 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: https://www.energyvault.com/
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