Energy Vault Partners with SPML Infra: Delivering $100 Million Worth of Energy Storage Solutions to India

Energy Vault Holdings Inc., a world leader in sustainable energy storage solutions, has signed a major 10-year licensing and royalty deal with SPML Infra Limited, a leading Indian infrastructure developer. The alliance is to produce and install Energy Vault's B-Vault battery energy storage technology in India, with an initial capacity of 500 MWh worth around $100 million to be supplied over the next 12 months.

 

Key Highlights:

This collaboration highlights Energy Vault's focus on enabling India's energy transition and strengthening its global footprint in the energy storage industry.

 

Sources: Energy Vault Holdings, SPML Infra, Business Wire