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Energy Vault Holdings Inc NRGV

Industrials
Energy Vault Holdings, Inc. is engaged in providing sustainable, grid-scale energy storage solutions. The Company develops and deploys utility-scale energy storage solutions. The Company's comprehensive offerings include gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Its technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Its solutions include B-Vault, G-Vault, H-Vault, and software solutions. B-Vault is its electrochemical battery energy storage solution that meets short-duration energy storage needs. G-Vault is its gravity energy storage solution that meets long-duration energy storage needs.


NYSE:NRGV - Post by User

Energy Vault Holdings Inc
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Post by ScandiumPoweron May 19, 2022 5:35am
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Post# 34694539

Class action Lawsuit

Class action LawsuitA legal firm, Hittelman Strunk, has filed a class action lawsuit on behalf of investors due to an alleged stock price inflation scheme. Per the announcement, Energy Vault paid a million dollars to DG Fuels, and in return DG Fuels agreed to buy $520 million worth of Energy Vault products. The lawsuit asserts that DG Fuels has no revenue and has nothing in operation at present, and that this was not disclosed to investors. This would constitute a violation of securities laws in the US, per the announcement.


https://cleantechnica.com/2022/05/09/energy-vault-has-lawsuit-problem-to-go-along-with-bad-physics-co2-debt-stock-price-drop/

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