Energy Vault awarded gravity, battery projects in US and Southeast Asia in Q2

Energy Vault | 10 August 2023

Energy Vault has secured a US licensing deal for its gravity energy storage technology and awards covering its other technologies there and in Southeast Asia, it said in its Q2 results.

The company saw revenue of US$39.7 million in the three months to June 30 with US$15 million shifted into the third quarter, although it was still in line with company expectations, Energy Vault said.

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