High oil prices could boost renewables, says Energy Vault CEO

Energy Vault | 5 May 2026

 Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in 2022 via an accelerated route called a SPAC (Special Purpose Acquisition Company) after raising more than $200 million (CHF156 million) as a startup – a record. 

Enabling a sustainable world with renewable energy.

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