Energy Vault rises on partnership with NuCube Energy to power AI data centers

Energy Vault Holdings

15/01/2025 15:44

** Shares of energy storage solutions firm Energy Vault
Holdings  NRGV.N  up 11.4% at $1.95
    ** Says it has formed a partnership with NuCube Energy to
power AI data centers with nuclear microreactors
        ** NuCube makes nuclear reactors
  
    ** Says partnership will help NRGV enable battery storage of
excess energy generated at NuCube's reactors during periods of
lower demand, which can be dispatched during peak demand 
    ** Shares were down ~1% in 2024

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