SoftBank Vision Fund invested $110m in Energy Vault.

SoftBank Vision Fund invested $110m in Energy Vault, the creator of renewable energy storage products. As part of the investment, Andreas Hansson, Partner for SoftBank Investment Advisers, will join the Energy Vault board of directors. “Energy Vault solves a long-standing and complex problem of how to store renewable energy at scale,” said Akshay Naheta, Managing Partner for SoftBank Investment Advisers. “The company’s integration of proven technologies with 21st century material science and machine vision software provides a solution that reshapes the unit economics of renewable energy while being restorative to the environment. Energy Vault is highly complementary to SoftBank’s existing energy portfolio and we are pleased to further the company’s global development.”