Energy Vault — gravity-based + BESS grid-scale energy storage
Energy Vault completes business combination with Novus Capital II SPAC — NYSE listing as NRGV Feb 14, 2022. $1.1B implied pro-forma EV. $235M gross proceeds incl. $195M PIPE anchored by Korea Zinc + Atlas Renewable.
$1.10B
Deal Value
Battery Storage
Technology
CA
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Energy Vault Inc. (NYSE: NRGV)
- Buyer / Financier
- Korea Zinc + Atlas Renewable + PIPE investors
- Deal Value
- $1.1B implied EV / $235M gross proceeds (incl. $195M PIPE)
- Stage
- Growth
- ISO/RTO
- CAISO
- Source
- BusinessWire
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