Energy Vault Receives Technical Due Diligence Evaluation For Te Bankability Of B-VAULT Battery Energy Storage System From Global Authority DNV
Portfolio Pulse from Benzinga Newsdesk
Energy Vault Holdings, Inc. (NYSE:NRGV) received a positive technical due diligence evaluation from DNV for its B-VAULT battery energy storage system (BESS), confirming its performance, safety, and reliability. The report highlights B-VAULT's flexibility, integration capabilities, and compliance with industry standards. DNV's evaluation, which included a factory visit, supports the bankability of B-VAULT for lenders and customers involved in energy storage projects. Energy Vault's BESS solutions are designed to meet diverse customer needs and are currently contracted or under construction in the US, Europe, and Australia.
December 04, 2023 | 1:08 pm
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Energy Vault's B-VAULT BESS received a positive evaluation from DNV, which may increase customer and lender confidence in the company's energy storage solutions, potentially leading to more contracts and positive market sentiment.
The technical due diligence evaluation by DNV is a significant endorsement for Energy Vault's B-VAULT BESS, indicating that it meets industry standards for performance, safety, and reliability. This positive assessment is likely to enhance the company's reputation and could lead to increased interest from potential customers and lenders, which in turn may have a favorable impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100