The agreement supports the deployment of Energy Vault’s proprietary gravity energy storage technology and energy management software platform within mainland China and the Special Administrative Regions (SAR) of Hong Kong and Macau. In addition, Atlas Renewable is making a US$50 million investment to upsize the current private placement investment (‘PIPE’) from US$150 million to US$200 million, and paying an additional US$50 million in 2022 licensing fees for use and deployment of Energy Vault’s gravity energy storage technology.
Sara Simper
Editorial Assistant
Sara graduated from the University of Reading with a joint honours degree in Art and English Literature. She joined Palladian Publications in January 2022 and is currently working as an Editorial Assistant on World Pipelines.
In her spare time, Sara enjoys practising yoga, cooking, and going to the pub with friends.
