Saudi Aramco Energy Ventures invests in Energy Vault

Energy Vault, the creator of renewable energy storage products, has announced a new investment from Saudi Aramco Energy Ventures. Energy Vault will use the funds to accelerate global deployment of its technology, which is designed to enable intermittent renewable energy generation to be stored at GW-hour scale both economically and sustainably, to deliver dispatchable power on demand. The amount of investment has not been disclosed.

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