Startup
Every investor coverage indicates participated in a round Energy Vault raised.
| Investor | Rounds | Invested |
|---|---|---|
| Aramco | Unnamed stage | - |
| Aramco Ventures | Unnamed stage | - |
Companies Energy Vault acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Robert Piconi | CEO · Founder | RenewEconomy (Wed 16 Feb 2022), RenewEconomy (Wed 2 Feb 2022), RenewEconomy (Fri 4 Jun 2021) |
Stories naming Energy Vault. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.
Steel maker BlueScope commits money and site space at Port Kembla for startup Green Gravity to build a gravity-based energy storage research lab, with construction beginning this month.
Also RenewEconomy
Green Gravity will trial its gravity energy storage in a closed NSW coal mine under an MoU with Yancoal, with a pre-feasibility study due in 2023, after a May capital raise.
Green Gravity, a new Australian venture developing gravity-based power storage inside abandoned mine shafts and led by Mark Swinnerton, formerly of BHP, has early private backing and is in talks with governments and VCs.
Swiss gravity-based storage firm Energy Vault has listed on the New York Stock Exchange after merging with a blank-cheque company, opening near a two billion dollar valuation before its shares slipped on day one.
Also RenewEconomy
Energy Vault signed a $50 million China licensing deal with Atlas Renewable and China Tianying; the article also recalls Korea Zinc's $50 million investment, whose subsidiary Sun Metals will deploy the technology in Queensland.
Opinion piece by Hydrostor and Energy Estate executives arguing compressed air storage can serve Australia's grid, citing Hydrostor's financing round with Meridiam, its Broken Hill project, and overseas storage investments.
Saudi Aramco, through its SAEV venture arm, has taken a strategic stake in Swiss gravity-based energy storage company Energy Vault to speed global deployment of its technology.
Also RenewEconomy