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Stock impact report

Energy Vault Signs 10-year, 30+ GWh Licensee and Royalty Agreement with India's SPML Infra to Manufacture and Deploy the B-Vault Battery Energy Storage Technology Platform for the Indian M...

Energy Vault Holdings, Inc. (NRGV) 
Company Research Source: Yahoo! Finance
manufacturing build out, and expected to ramp over the next 10 years to 30-40+ GWh SPML Infra, one of India's largest and longest running urban infrastructure developers of water treatment, solid waste management and clean energy assets, perfectly positioned to minimize import tariffs with local manufacturing capabilities and to manufacture and deploy Energy Vault's B-VAULT™ battery energy storage system (BESS) technology, along with VaultOS™ energy storage management (EMS) software Agreement will have positive revenue, gross margin and cash impact in Q1 and Q2 2025 for Energy Vault from the initial License portion of the contact; in addition to the 500MWh in battery deliveries from Energy Vault, the terms include multi-year license revenues and volume-based royalty revenue streams tied to project deployments in India Manufacturing localization and deep infrastructure market expertise of SPML expected to deliver industry-leading cost efficiencies and competitiveness in India's g Show less Read more
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