PG&E Teams With Energy Vault to Build and Operate the Largest Green Hydrogen Long-Duration Energy Storage System in the U.S.

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation (NYSE: PCG), today announced the companies are partnering to deploy and operate a utility-scale battery plus green hydrogen long-duration energy storage system (BH-ESS) with a minimum of 293 megawatt-hours (MWh) of dispatchable carbon-free energy.