2-Gigawatt Hour (2 GWh) Mandate Announced for Energy Vault’s EVx™ Gravity Energy Storage Platform for Initial Zero Carbon Industrial Parks in China

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--()--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced further development for the EVx gravity energy storage platform in China. Specifically, a mandate has been issued announcing an initial 2-gigawatt hour (2 GWh) gravity energy storage project and the deployment of Energy Vault’s Energy Resiliency Centers (ERC’s) at the zero carbon industrial parks in China that will deploy Energy Vault’s EVx™ gravity energy storage technology.

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