Aug 20, 2019

Energy Vault Receives $110 Million From SoftBank For Gravity-Assisted Power Storage

Energy storage company Energy Vault announced today a $110 million dollar investment from Japan’s SoftBank Vision Fund. This investment will set the company on the path to accelerating its development of large energy storage projects with its unique gravity-assisted technology.
A global leader in low-cost CO2 capture technology headquartered in London with offices in India, Spain, and the United States.

Carbon Clean is a global leader in low-cost CO2 capture technology. The company’s patented technology significantly reduces the costs and environmental impacts of CO2 separation, when compared to existing techniques.

The technology has been proven at scale in over 10 independent locations, including the UK, USA, Germany, India, Norway and the Netherlands. It is currently in use at the world’s largest industrial-scale carbon capture and utilisation plant in Tuticorin, India. The UK Government has supported Carbon Clean’s development of its technology through competitive grants.

The company was awarded a ‘Technology Pioneer’ award by the World Economic Forum in 2015 and was featured in the ‘BGF 10 Green Tech to Watch’ list in The Sunday Times in 2020. Carbon Clean is headquartered in London, UK and operates offices in India, Spain, and the United States (and soon the Netherlands).

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