Energy Vault Holdings (NRGV) has released an update to notify the public and investors about a regulation fd disclosure.
Energy Vault Holdings, Inc. has announced the signing of a License and Royalty Agreement with Gravity Energy Storage Solutions for exclusive energy storage deployments in the Southern African Development Community region. The 10-year agreement includes a $20 million license fee, paid in annual installments, and imposes a 5% royalty on all gross revenues generated in the territory.
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For a comprehensive understanding of the announcement, you can read the full document here.
