The renewable energy storage developer has received $110m in series B funding from SoftBank Vision Fund, having raised cash from Cemex earlier this year.

Telecommunications and internet group SoftBank’s Vision Fund led a $110m series B round yesterday for Energy Vault, a Switzerland-based developer of grid-scale renewable energy storage systems. Founded in 2017, Energy Vault has created a modular, gravity-based system designed to store large amounts of solar or wind energy, in theory allowing it to be used as…

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