August 15 - 09:08
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SoftBank backs Energy Vault with $110 million
SoftBank's Vision Fund has committed $110 million to Energy Vault, the energy storage company. Energy Vault uses technology to store energy in 35-tonne recycled concrete blocks. It plans to increase the number of projects with SoftBank's injection of cash. This represents the Vision Fund's first foray into the energy storage space.
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