IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with the co-founder and CEO of Energy Vault, Inc. to discuss the business combination with Novus Capital Corporation II (NYSE: NXU), innovative gravity storage technology from Energy Vault, gravity storage benefits, and recent business partnerships with DG Fuels, BHP, and Atlas Renewable/China Tianying. The live event featured Energy Vault co-founder and CEO Robert Piconi, joined by John Jannarone, IPO Edge Editor and Managing Editor Jarrett Banks in a moderated video session lasting approximately 60 minutes and including a Q&A session with the audience.
About the Energy Vault
Energy Vault develops sustainable energy storage solutions designed to transform the global approach to utility-scale energy storage for grid resilience. The Company’s proprietary gravity-based energy storage technology and energy storage management and integration platform is intended to help utilities, independent power producers and large energy users. industrial energy companies to significantly reduce their levelized cost of energy while maintaining power supply reliability. Using environmentally friendly materials with the ability to integrate waste for beneficial reuse, Energy Vault is facilitating the shift to a circular economy while accelerating the transition to clean energy for its customers.
Mr. Piconi discussed:
Overview of the transaction with Novus Capital Corporation II (NYSE: NXU)
Introducing Energy Vault’s Innovative Gravity Storage Technology
Advantages of gravity storage
Recent commercial partnerships announced with DG Fuels, BHP and Atlas Renewable/China Tianying
About the speaker:
Robert Picon is President, Co-Founder and CEO of Energy Vault, responsible for the overall vision, strategic direction and operational performance of the company. Robert’s experience includes leadership roles in Fortune 100 public companies in a variety of industries including Diversified Energy (Amoco/British Petroleum), Telecom (Bell Labs Lucent Technologies) and Security/Network Management Software (Danaher Corporation). Within the private sector, he also founded and developed several innovative healthcare services and medical device companies in the European market, which were later acquired by private equity funds and/or large industrial conglomerates. Robert completed his undergraduate BS/BBA at the University of Notre Dame and his graduate MBA at the Kellogg School of Management at Northwestern University.
Alan Hatfield, Research Director