Connect with us

Published

4 years ago

on

Energy Vault, which recently raised $100 million in Series C funding, has achieved another milestone. The technology company, which uses gravity-based grid-scale energy storage to accelerate global decarbonization, will be listed on the New York Stock Exchange (NYSE) through a merger with Novus Capital Corporation II.

The two companies jointly announced that they’ve entered into a business agreement in order to trade on the NYSE under the symbol $GWHR. The transaction values the newly combined company at $1.1 billion and is expected to provide an additional $388 million in gross cash.

Robert Piconi will lead the combined company as the Chairman and CEO. In a press release that was emailed to me, the company pointed out that the demand for clean energy is growing globally. Renewables are expected to become 90% of total energy generation by 2050, and the company wants to support this transition by doing its part to increase grid-scale energy storage capacity tenfold, which will be needed in the next ten years.

To do this, Energy Vault developed a gravity energy storage platform designed to be cost-efficient, reliable, and safe to operate while also benefitting the environment. The press release noted:

“It is inspired by pumped hydro plants that rely on the power of gravity to store and discharge energy, combined with Energy Vault’s own material science and software innovations: it has replaced water with custom-made composite blocks, made with locally sourced soil or waste material, which are lifted and lowered to store and release energy on-demand. This proprietary system is orchestrated by Energy Vault’s AI-enabled software platform that incorporates advanced computer control and machine vision. The end result is a resilient supply of power and storage capacity with a system designed to have greater operational flexibility for both short and long duration storage, high round-trip-efficiency, lower capital and operating expenses, and an overall higher asset efficiency than competitors given the lack of degradation in the storage medium over.”

Energy Vault has also worked with large global utilities and independent power producers to optimize its energy storage technology platform and to ensure flexibility. Its first commercial-scale, 5 MW energy storage system was successfully connected to Switzerland’s national grid in 2020. The focus was on ancillary service performance, system round trip efficiency, and continuous power dispatching protocols; all of which were incorporated into the company’s latest design of a modular, flexible, higher power, and compact product architecture: the EVx™ platform.

The company focuses on addressing the issue of waste from existing energy generation assets. It’s doing this through a circular economic approach to the supply chain that is built upon the foundations of recyclability and environmental sustainability. Its technology is capable of recycling waste materials. An example of such is coal combustion residuals and glass fivers from decommissioned wind turbine blades. These normally end up in landfills.

The company utilizes advanced material science in collaboration with CEMEX’s material science lab and is able to sequester the waste materials within the composite blocks of its gravity-based energy storage systems. The company also has a pipeline of customers that are trying to address the issue of sustainable disposal as well as beneficial re-use of coal combustion residuals, which are the largest industrial waste streams generated in the U.S. every year.

Robert Piconia, CEO & Co-Founder of Energy Vault, shared thoughts on the new business combination with Novus.

“Energy Vault’s technology is designed to provide a cost-efficient, flexible and sustainable energy storage solution to meet the immediate needs of utilities, power producers and large industrial energy consumers that must solve the problem of power intermittency that is inherent with wind and solar energy generation. We developed our energy storage solution to get to market quickly given the urgent and global imperative to accelerate the decarbonization of the energy sector. Through the deployment of our transformative technology, which can store clean energy for grid-scale deployments while uniquely utilizing waste materials for beneficial reuse in the process, Energy Vault is re-defining the role that energy storage companies can and should play within a circular economic framework.

“We are excited to announce our business combination with Novus and look forward to becoming a public company given our recent advances in commercial scale technology validation and rapid customer adoption, which require additional capital to meet the global, multi-continent demand. As we focus now on the execution and deployment phase of the technology, we are thrilled to partner with the team at Novus who fully supports our mission of decarbonization and brings a deep experience set in new technology market development on a global scale.”

Robert Laikin, CEO of Novus, also gave a statement:

“Energy Vault is bringing an entirely new energy storage solution to the energy market and will lower the costs for utility companies and power producers that are transitioning to renewables but who need to maintain consistent energy supply to deliver dispatchable power. Their unique approach to addressing the need for dispatchable power delivery through their creation of transformative technologies while reusing waste materials in their process, sets them apart from any other player in the market, and makes them an obvious choice as a partner.

“We are thrilled to be joining Rob and his team at such a pivotal moment for the company and have every confidence in their ability to capture the rapidly growing energy storage opportunity. Since our IPO in early 2021, we looked at over 100 companies and we found a fantastic company, with a public company ready management team addressing a massive global market need that is underserved with existing solutions today. In our view, Energy Vault is the only grid-scale pure ESG energy storage company that exists in the market today.”

Bill Gross, CEO and Chairman of Idealab Studio, and Co-Founder of Energy Vault, touched on how Energy Vault is helping to solve one of the largest challenges with energy storage:

“We founded Idealab 25 years ago to find technological solutions to the world’s biggest challenges, and then build companies with great leadership and talent to drive those solutions to market. One of the biggest challenges the world faces today is cost-effective, large-scale energy storage, and Energy Vault is the gravity-storage breakthrough to achieve that. I look forward to supporting Rob and his team as they take this technology globally as a public company.”

 

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 

 

Advertisement



 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Related Topics:
Continue Reading

Environment

Prime Day-2 Green Deals: Anker SOLIX F3800 Plus, GE 2-in-1 washer/dryer, Lectric e-bikes, EcoFlow, Jackery, Aiper, Greenworks, more

Published

3 hours ago

on

July 9, 2025

By

Prime Day-2 Green Deals: Anker SOLIX F3800 Plus, GE 2-in-1 washer/dryer, Lectric e-bikes, EcoFlow, Jackery, Aiper, Greenworks, more

It’s the second day of the Prime Day seasonal savings and we’ve got another jam-packed edition of Green Deals focusing on some of the best discounts we’ve spotted so far, with all the others rounded up in our Prime Day Green Deals hub here, which is regularly being updated throughout the days, so be sure to check back often. Leading our top three picks today is Anker’s SOLIX F3800 Plus Portable Power Station and its bundle packages, which are seeing up to $7,994 in savings to new low prices starting from $2,564. Next, we have GE’s Smart Combo Electric Washer & Dryer with Ventless Heat Pump at its $1,750 low, as well as Lectric’s full Better Than Prime Day sale that is taking up to $654 off e-bike bundles starting from $799. All that and much more are waiting for you below.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

You can save up to $7,994 on Anker’s SOLIX F3800 Plus station + bundles at new low prices for Prime Day starting from $2,564

As part of its ongoing Prime Day Sale running through July 13, Anker SOLIX is dropping the prices lower than ever on its new F3800 Plus Portable Power Station starting at $2,564.05 shipped, after using the promo code PDSG5OFF at checkout for an extra 5% in savings – plus, you’ll be getting a free protective cover to boot! We saw this model drop from its $4,799 MSRP to hit a short-lived former $2,649 low in the brand’s early Prime Day sale, which is getting beaten out here by $85. It’s also beating out its current Amazon pricing of $2,699 (usually keeping between $2,999 and $3,899), with the combined 47% markdown here giving you a massive $2,235 in savings at the best new price that we have tracked. And don’t forget about all its bundle options we’ve collected below that are also down at new lows through the weekend.

Anker’s SOLIX F3800 Plus, as well as its standard F3800 predecessor, are the brand’s largest expanding backup units that start at a sizeable 3,840Wh LiFePO4 capacity, with further investments bolstering that capacity up to a 26,900Wh maximum (when six batteries are attached). It has 15 output port options to connect devices, appliances, and vehicles – with the latter being covered by the L14-30R and TT-30R ports for EVs and RVs. You’ll get up to a steady 6,000W power output normally, while it can surge as high as 9,000W when needed. That output even expands when two stations are paired together, raising the rate to 12,000W for home backup coverage.

Advertisement – scroll for more content

In terms of recharging, the F3800 Plus brings an additional method to the table with its 6,000W input it can receive from a gas generator, while its solar input max has increased to 3,200W (from 2,400W). Of course, there’s also the usual AC outlet charging and more to keep it juiced up and running.

***Note: these prices below haven’t had the extra savings factored in yet, so don’t forget to use the promo code PDSG5OFF at checkout to score the very best deals!

Anker SOLIX’s Prime Day F3800 Plus standard deals/bundles:

Anker’s SOLIX Prime Day F3800 Plus home backup bundles:

To also checkout the pricing on its standard F3800 counterpart and bundles, be sure to check out our full coverage here.

GE 2-in-1 smart combo electric washing machine and dryer

Save space or double up with GE’s 2-in-1 smart combo electric washer/ventless heat pump dryer at its $1,750 low

As part of its Black Friday in July Sale, which is running parallel to Amazon’s Prime Day Sale event, Best Buy is offering a returning low price on the GE Profile 4.8 Cubic-Foot Smart Combo Electric Washer & Dryer with Ventless Heat Pump down at $1,749.99 shipped, which is beating out the brand’s direct pricing by $249. While it usually goes for $2,900 at full price, at Best Buy it’s been more recently fetching $2,700, with discounts having kept the costs between $2,000 and $2,200 in 2025. The last time we saw prices fall this low was during Best Buy’s Black Friday sale, with this being the first time it showed up in the new year with $950 in savings at the best price we have tracked.

If you want to learn more about this unit, be sure to check out our original coverage of the deal here.

Lectric XPress 750 e-bike

Lectric’s Better Than Prime Sale offers up to $654 in free gear with e-bikes starting from $799

Lectric’s Better Than Prime Sale is in full swing with up to $654 discounts across its e-bike lineup, which includes the preorder deal on the new XP Trike2 and increased bundles on the new XP4 e-bikes. Sadly, if you were hoping to score the XPedition 2.0 Dual-Battery Long-Range Cargo e-bikes, they are out of stock following the July 4th sale, but the brand has since restocked another popular model, the XPress 750 Commuter e-bikes that come with $336 in free gear at $1,299 shipped. The bundles are the same as the last few sales we’ve seen, which would normally run you $1,635 in full were it not for the usual savings – not to mention the $200 off option for a spare battery to double its range (found on its landing page). All-in-all, you’ll be getting a steel-encased rear cargo rack, fenders to go over both tires, an Elite headlight upgrade, and a suspension seat post. Head below for more on this and the other models seeing savings during this limited-time event.

If you want to learn more about this model or get the full rundown of e-bike deals we’re seeing during this sale, be sure to check out our original coverage here.

EcoFlow Prime Day power station sale

Power outdoor adventures with EcoFlow’s stations and bundles at up to 62% off in Prime Day savings starting from $199

EcoFlow’s Prime Day Sale is in full swing and lasting through July 11 with up to 62% off its power stations and solar generator bundles – plus, there’s extra savings to score using the promo code EFPDAFF5 at checkout for an additional 5% off your order. Among the many units we’re seeing at some of their lowest rates, a notable standout to cover your trips into the wilds, jobsites, and emergency needs is the DELTA 2 Max Solar Generator bundle that comes with a 500W solar panel (4 x 125W) for $1,281.55 shipped, after using the promo code. This newer package would usually run you $2,699 at full price, with it only available directly from the site. At Amazon, the closest matching bundle you can find gives you the station with a 400W panel for $1,279, meaning you’re getting the brand’s largest portable panel for just $3 more. The combined 53% markdown here gives you $1,417 in savings at the best price we have tracked. Head below for more of the best deals we’re spotting during this sale.

If you want to learn more about this power station or get the full lineup of power station, solar generator bundles, and add-on accessory savings, be sure to check out our full coverage of the sale here.

Aiper Surfer S2 robotic solar pool skimmer

Let Aiper’s Surfer S2 robot worry about skimming your pool while being powered by the sun at new $280 low

As part of its ongoing Prime Day event, the official Aiper Amazon storefront is offering its popular Surfer S2 Robotic Solar Pool Skimmer at $279.99 shipped. It carries a $400 MSRP, but at Amazon, we’ve been seeing it keep down at $340 lately, with discounts usually taking things to $320, and one previous discount to $300 from last month. Today’s deal brings you a new all-time low, giving you $120 off its price tag for the best deal we have tracked.

If you want to learn more about this popular model, be sure to check out our full coverage of the deal here.

Jackery Prime Day power station sale

Jackery’s full Prime Day Sale with up to 65% discounts, bonus savings, free gifts, and more sees return and new lows from $89

Jackery has switched over to its full Prime Day Sale through July 11 with up to 65% discounts on power stations, solar generators, and more – plus, there are extra savings, limited stock free gifts, and membership benefits too. Among the offers this time around, we’re seeing returning and new low prices on Jackery’s new HomePower 3000 Portable Power Station and its bundle options, starting from the station on its own at $1,614.05 shipped, after using the promo code PRIME5 at checkout for an additional 5% off, which beats out the Amazon pricing by $85. This new model (also known as the Explorer 3000 v2) hit the market back in May carrying a full $2,499 price tag, and which discounts brought down to $1,699 for the first time during the early Prime Day Sale. That low price is returning here, with the extra 5% savings making things all the better for a second chance at the best pricing we have tracked, saving you $885 in the process.

If you want to learn more about this all-new power station, or browse the full lineup of deals we’re seeing during this sale, be sure to check out our full coverage here.

greenworks pro 2,700 psi electric pressure washer

Greenworks’ Pro-tier 2,700 PSI electric pressure washer falls to new $285 low for Prime Day, more

As part of its ongoing Prime Day deals event, Amazon is offering the Greenworks Pro 2,700 PSI Electric Pressure Washer at $284.99 shipped, which is beating out the brand’s direct pricing by $15. It normally fetches $400 at full price, with discounts having kept above $320 before this week. It fell to $300 at the beginning of Prime Day, but has since dropped lower to this new all-time low price. You’ll be saving $115 off the going rate while the savings last, upgrading your outdoor cleaning game at the best price to date.

If you want to learn more about this model’s capabilities, as well as browse the lineup of electric pressure washer deals we’re seeing, be sure to check out our original coverage here.

Best Summer EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Volkswagen’s 47% BEV sales jump includes a 24% boost in the US

Published

4 hours ago

on

July 9, 2025

By

Volkswagen’s 47% BEV sales jump includes a 24% boost in the US

Volkswagen-EV-sales-Europe
Volkswagen ID.4 (Source: Volkswagen)

Volkswagen Group‘s global EV deliveries surged by about 50% in the first half of 2025 year-over-year, with 465,500 battery electric vehicles (BEVs) delivered globally by the end of June.

That’s a 47% jump in BEV deliveries from 317,200 in the first half of 2024. BEVs made up 11% of Volkswagen Group’s total global sales, up from just 7% a year ago.

Europe saw the biggest growth in BEVs in H1 2025, where deliveries nearly doubled, up 89%. The US saw solid gains too, with a 24% increase. China was the outlier, with BEV sales slipping 34%, thanks to stiff competition from domestic brands. Even so, Volkswagen Group remains the BEV market leader in Europe, holding onto a 28% share. “One in five vehicles we delivered in Western Europe is now purely electric,” noted Volkswagen Group’s Marco Schubert.

Plug-in hybrids saw a solid boost, too. Volkswagen Group delivered 192,300 PHEVs worldwide in the first half of the year – a 41% jump from the 136,800 sold during the same period in 2024. The latest wave of second-gen PHEVs, with all-electric ranges of up to 143 km (about 89 miles), is helping drive that demand.

Advertisement – scroll for more content

VW Group reports that its best-selling BEVs globally are:

  • Volkswagen ID.4/ID.5 84,900
  • Volkswagen ID.3 60,700
  • Audi Q4 e-tron (incl. Sportback) 44,600
  • Volkswagen ID.7 (incl. Tourer) 38,700
  • Škoda Enyaq (incl. Coupé) 38,700
  • Audi Q6 e-tron (incl. Sportback) 36,500
  • Škoda Elroq 34,300
  • Volkswagen ID. Buzz (incl. Cargo) 27,600
  • Porsche Macan 25,900
  • CUPRA Born 22,100

Read more: Say hello to the ID. Buzz AD: VW’s fully autonomous ride is here

The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

The new Nissan LEAF EV is already facing production cuts, but that’s not the whole story

Published

5 hours ago

on

July 9, 2025

By

The new Nissan LEAF EV is already facing production cuts, but that's not the whole story

New-Nissan-LEAF-EV-production

Nissan is already pulling back production plans for the new LEAF, which is set to launch later this year. As it scrambles to turn things around, this could further complicate Nissan’s recovery plan. And there’s even more going on behind the scenes.

Nissan scales back new LEAF EV production plans

The new LEAF is expected to be one of the most significant factors in Nissan’s comeback. In May, Nissan announced plans to reduce its global workforce by around 15% and close seven plants as part of its restructuring.

Last week, it began talks with workers at its Sunderland, UK, plant, where the new LEAF will be built, over voluntary retirement.

According to a new report from Japan’s Kyodo News (via Reuters), Nissan is already cutting production plans for the next-gen LEAF ahead of its launch later this year. The report cites a shortage of rare earth minerals due to China’s new export restrictions.

Advertisement – scroll for more content

No specific details were mentioned, but a separate Automotive News report claims Nissan is also delaying two EVs that were scheduled to be built at its Canton, Mississippi, plant.

Nissan-LEAF-EV-production
2026 Nissan LEAF (Source: Nissan

An internal memo revealed it would delay production by around 10 months. Nissan cited “recent slowing EV demand in the US,” thanks to the Trump Administration eliminating the federal tax credit.

It will now begin production of the Nissan-branded model in November 2028 and the Infiniti-branded version in March 2029.

Nissan-leaf-EV-production
2026 Nissan LEAF (Source: Nissan)

Nissan spokesperson Kyle Bazemore said, “We’ve made the strategic decision to slightly adjust the production timeline for our EVs at the Canton plant.” It looks like Nissan is adjusting more than just that.

Adding to that, Nissan suspended production of three vehicles made in the US, according to a report from Nikkei on Wednesday. Nissan halted production of the Pathfinder and Murano at its Tennessee plant in May, as well as the Frontier pickup, which is built in Mississippi.

Electrek’s Take

As part of its recovery plan, Re:Nissan aims to cut costs by 250 billion yen as it seeks to return to profitability by the end of fiscal year 2026.

However, if it continues to delay production, Nissan will only fall further behind. The Japanese automaker is already losing market share to EV giants like BYD due to its aging vehicle lineup.

The new LEAF is expected to be a key growth driver over the next few years, with significant improvements in range, style, and charging capabilities. Facing a shortage, how many LEAFs will Nissan be able to build?

Nissan is the latest automaker to adjust its EV plans following Trump’s “Big, Beautiful Bill.” Honda recently canceled plans to launch its three-row electric SUV in the US.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending