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PR●Press Release IndiaTHE BUSINESS ANNOUNCEMENT WIRE
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NEWSROOM / INDIA

February 2022

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Energy Vault, Atlas Renewable and China Tianying Announce $100 Million Transaction With Further Upsized Pipe, Licensing and Royalty Agreement, and Initial 100MWh Project to Drive Decarbonization in China

First gravity-based storage agreement between a U.S. and Chinese company to support China’s stated goals of Carbon Peak by 2030 and Carbon Neutrality by 2060 $50 million new investment subscription at $10 per share upsizes previously announced and already upsi