Energy Vault Clean

The Vision Fund has invested $110 million in Energy Vault, a Swiss energy storage startup. Energy Vault uses cranes to stack concrete blocks, offering a cost-effective alternative to lithium batteries. The system stores energy by raising blocks with excess solar or wind energy and releases it by lowering them. The technology is already in use in Switzerland, with plans for expansion in Italy and other continents. SoftBank's investment aligns with their vision for renewable energy and reducing reliance on fossil fuels.

What is the primary function of Energy Vault's system?

• To provide wind energy solutions

• To manufacture lithium batteries

• To store and release energy using concrete blocks

• To generate solar energy

How does Energy Vault's system store energy?

• By using lithium-ion batteries

• By converting wind energy directly

• By stacking and lowering concrete blocks

• By using solar panels

Which company has been announced as a customer of Energy Vault?

• General Electric

• Tata Power

• Siemens

• Tesla

On how many continents is Energy Vault's technology currently deployed?

• Four

• Five

• Three

• Two

Why is SoftBank interested in Energy Vault?

• They want to enter the battery market

• They want to acquire Energy Vault

• They share a vision for renewable energy and understand the importance of energy storage

• They are looking to expand their fossil fuel investments