Brief: Energy Vault And Eskom Announce Strategic Development Agreement To Deploy Grid-Scale Gravity Energy Storage Systems In South Africa
12/05/2026 14:34
May 12 (Reuters) - Energy Vault Holdings Inc NRGV.N: ENERGY VAULT AND ESKOM ANNOUNCE STRATEGIC DEVELOPMENT AGREEMENT TO DEPLOY GRID-SCALE GRAVITY ENERGY STORAGE SYSTEMS IN SOUTH AFRICA ENERGY VAULT HOLDINGS INC - ESKOM AND ENERGY VAULT TO DEPLOY UP TO 4GWH ENERGY STORAGE ACROSS 16 SADC STATES ENERGY VAULT HOLDINGS INC - FIRST GESS PLANT TO PROVIDE 25 MW CAPACITY WITH FOUR HOURS STORAGE AT HENDRINA POWER STATION ENERGY VAULT HOLDINGS INC - TO PROVIDE ESKOM WITH EVX 2.0 GESS TECHNOLOGY AND SUPPORT ENERGY VAULT HOLDINGS INC - PARTNERSHIP TARGETS UP TO 4 GWH GESS STORAGE DEPLOYMENT IN SADC REGION BY 2035 Source text: ID:nBw8dvYv1a Further company coverage: NRGV.N ((Reuters.Briefs@thomsonreuters.com;))
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