October 19, 2021
Energy Vault asks investors to bet on pre-commercial gravity storage tech ahead of NYSE listing
Special purpose acquisition company (SPAC) Novus Capital Corporation II chose to merge with novel gravity and kinetic energy-based storage company Energy Vault after receiving target proposals from more than 100 different firms.
Energy Vault has been valued at more than US$1.1 billion and the merger would list the combined business — effectively continuing to trade as Energy Vault — on the New York Stock Exchange, Energy-Storage.news reported in September as the proposed deal was announced.
