SoftBank Vision Fund and Saudi Aramco Energy Ventures partcipated in a series C round that will fund the roll out of Energy Vault's grid-scale energy storage systems.

Switzerland-based energy storage technology developer Energy Vault raised $100m yesterday in a series C round featuring telecommunications and internet group SoftBank’s Vision Fund and petroleum supplier Saudi Aramco’s Energy Ventures (SAEV) unit.

Prime Movers Lab led the round, which included Pickering Energy Partners’ Energy Equity Opportunity Fund, Helena, Idealab X, SailingStone Global Energy Transition, AT Gekko, Crexa Capital Advisors, Green Storage Solutions Venture and private investor Gordon Crawford.

Energy Vault is the creator of a gravity-based grid-scale energy storage system…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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