Brief: Energy Vault Secures $300M Investment to Launch ‘Asset Vault’ and Accelerate 1.5GW Storage Projects
07/08/2025 14:29
Aug 7 (Reuters) - Energy Vault Holdings Inc NRGV.N: ENERGY VAULT ENTERS INTO EXCLUSIVE AGREEMENT FOR $300 MILLION PREFERRED EQUITY INVESTMENT TO LAUNCH “ASSET VAULT”, ACCELERATING THE EXECUTION OF 1.5GW OF GLOBAL ENERGY STORAGE PROJECTS UNDER THE COMPANY’S IPP BUILD, OWN AND OPERATE STRATEGY ENERGY VAULT HOLDINGS INC - RETAINS CONTROL OF ASSET VAULT ENERGY VAULT HOLDINGS INC - UPON CLOSING,ASSET VAULT TO BE FORMED AS CONSOLIDATED SUBSIDIARY Source text: ID:nBw2xcZppa Further company coverage: NRGV.N ((Reuters.Briefs@thomsonreuters.com;))
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