Energy Vault Holdings Secures Exclusive Southern African Energy Deal
Company Announcements

Energy Vault Holdings Secures Exclusive Southern African Energy Deal

Energy Vault Holdings (NRGV) has released an update to notify the public and investors about a regulation fd disclosure.

Energy Vault Holdings, Inc. has announced the signing of a License and Royalty Agreement with Gravity Energy Storage Solutions for exclusive energy storage deployments in the Southern African Development Community region. The 10-year agreement includes a $20 million license fee, paid in annual installments, and imposes a 5% royalty on all gross revenues generated in the territory.

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For a comprehensive understanding of the announcement, you can read the full document here.

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