Global Infrastructure SherpaGreen Stone Power invests in battery storage startup, EnergyVault
Green Stone Power invested $20 million in EnergyVault, a battery storage startup. The investment will support EnergyVault's development of innovative energy storage solutions.
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Energy Vault expects to draw nearly $200 million over the next six months to commence work on two additional late-stage projects in the U.S. and Australia. The Company expects Asset Vault to generate over $100 million in recurring annual EBITDA within the next 3-4 years.
"Energy Vault Holdings, a leader in grid-scale energy storage solutions, closed a $300 million preferred equity investment with North American infrastructure investment firm OIC L.P."
"Energy Vault Holdings, a leader in grid-scale energy storage solutions, closed a $300 million preferred equity investment with North American infrastructure investment firm OIC L.P."
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