Chart Industries rises on supply agreement with Energy Vault

Energy Vault Holdings

26/06/2023 15:34

** Shares of cryogenic equipment manufacturer Chart
Industries  GTLS.N  up 2.9% at $153.06
    ** Co says Energy Vault  NRGV.N  has selected GTLS as the
supplier of an integrated liquid hydrogen storage and fuel
delivery system for green hydrogen long-duration energy storage 
    ** Says it will be used in conjunction with a utility-scale
battery to provide back-up power to the city of Calistoga,
California
    ** It will serve the local utility Pacific Gas and Electric
Company (PG&E), a subsidiary of PG&E  PCG.N , and replace their
mobile diesel generators
    ** Construction estimated to begin in Q4, with commercial
operation expected by the end of 2024 Q2 
    ** Including sessions move, GTLS shares have risen 32.6% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))