Energy Vault, EU Green Energy Sign Framework Agreement for Deployment of up to $250 Million of Battery Energy Storage Systems, Totaling 1.8 GWh, to Accelerate Renewable Deployment

Core Insights - Energy Vault Holdings, Inc. has signed a Framework Supply Agreement with EU Green Energy LLC for the deployment of up to 1.8 GWh of Battery Energy Storage Systems over the next four years [1] Group 1: Company Developments - The agreement with EU Green Energy marks a significant step for Energy Vault in expanding its presence in the renewable energy sector [1] - The deployment of Battery Energy Storage Systems is expected to enhance grid-scale energy storage solutions, aligning with the growing demand for renewable energy [1] Group 2: Industry Context - The partnership highlights the increasing collaboration between energy storage solution providers and renewable energy developers, particularly in the Balkan region [1] - The agreement is part of a broader trend towards sustainable energy solutions, reflecting the industry's shift towards more efficient energy storage technologies [1]