REPT BATTERO Inks Supply Agreement With Energy Vault To Deliver 10 GWh Of Batteries Enabling Global BESS deployments; Financial Terms Not Disclosed
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REPT BATTERO has signed a supply agreement with Energy Vault (NYSE:NRGV) to provide 10 GWh of lithium-ion batteries for global BESS deployments. Initial deliveries are expected to start in Q3 2023. The partnership aims to enable successful execution and delivery of short duration and hybrid energy storage solutions to their global customer base.
May 22, 2023 | 1:06 pm
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Energy Vault's partnership with REPT BATTERO for a 10 GWh lithium-ion battery supply agreement will enable the company to expand its global BESS deployments and offer comprehensive energy storage solutions.
The partnership with REPT BATTERO will provide Energy Vault with a substantial supply of lithium-ion batteries, enabling the company to expand its global BESS deployments. This will likely lead to increased demand for Energy Vault's energy storage solutions, resulting in potential revenue growth and a positive impact on its stock price in the short term.
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