Brief: Energy Vault Signs 10-Year, 30+ Gwh Licensee And Royalty Agreement With India’S Spml Infra
02/04/2025 13:47
April 2 (Reuters) - Energy Vault Holdings Inc NRGV.N: ENERGY VAULT SIGNS 10-YEAR, 30+ GWH LICENSEE AND ROYALTY AGREEMENT WITH INDIA’S SPML INFRA TO MANUFACTURE AND DEPLOY THE B-VAULT BATTERY ENERGY STORAGE TECHNOLOGY PLATFORM FOR THE INDIAN MARKET ENERGY VAULT HOLDINGS INC: AGREEMENT TO HAVE POSITIVE REVENUE, GROSS MARGIN AND CASH IMPACT IN Q1 AND Q2 2025 ENERGY VAULT HOLDINGS INC - INITIAL 500 MWH CAPACITY OF ~$100 MILLION TO BE DELIVERED IN 12 MONTHS Source text: ID:nBw8WXrp6a Further company coverage: NRGV.N (((( Reuters.briefs@thomsonreuters.com ;));))
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