Softbank makes first energy storage play with $110m investment in Energy Vault

Madeleine Cuff
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Energy Vault plans to co-locate towers at renewable energy plants to create gravity-based energy storage systems | Credit: Energy Vault
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Energy Vault plans to co-locate towers at renewable energy plants to create gravity-based energy storage systems | Credit: Energy Vault

Energy Vault claims its energy storage system will deliver baseload renewables at a lower cost than fossil fuels

Japan's SoftBank Vision Fund has made its first investment in the energy storage sector, announcing last night that it has ploughed $110m into energy storage firm Energy Vault. Energy Vault builds gravity-based...

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