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2021-09-09
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Renewable Storage Firm Energy Vault Reaches $1.6 Billion SPAC Deal to Go Public<blockquote>可再生能源存储公司 Energy Vault 达成 16 亿美元 SPAC 交易上市</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":889641413,"tweetId":"889641413","gmtCreate":1631147639132,"gmtModify":1632884343376,"author":{"id":3570252134845953,"idStr":"3570252134845953","authorId":3570252134845953,"authorIdStr":"3570252134845953","name":"Eddiektm","avatar":"https://static.tigerbbs.com/0b51e1f4b4015eef399d361b0887490a","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":7,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>Like</p></body></html>","htmlText":"<html><head></head><body><p>Like</p></body></html>","text":"Like","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/889641413","repostId":1168667479,"repostType":4,"repost":{"id":"1168667479","kind":"news","pubTimestamp":1631147544,"share":"https://www.laohu8.com/m/news/1168667479?lang=zh_CN&edition=full","pubTime":"2021-09-09 08:32","market":"us","language":"en","title":"Renewable Storage Firm Energy Vault Reaches $1.6 Billion SPAC Deal to Go Public<blockquote>可再生能源存储公司 Energy Vault 达成 16 亿美元 SPAC 交易上市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168667479","media":"The Wall Street Journal","summary":"Investors in the company include SoftBank and an Aramco venture fund\nEnergy Vault says its block tow","content":"<p>Investors in the company include SoftBank and an Aramco venture fund</p><p><blockquote>该公司的投资者包括软银和沙特阿美风险投资基金</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1dfa536dc9bd6f97058356554532ec7a\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>Energy Vault says its block tower system can help address the challenge of providing clean power around the clock.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Energy Vault 表示,其砖塔系统可以帮助解决全天候提供清洁能源的挑战。</span></p></blockquote></p><p> Energy Vault Inc. is combining with a blank-check company to go public in a merger that values the gravity-based energy-storage company at roughly $1.6 billion, the companies said.</p><p><blockquote>两家公司表示,Energy Vault Inc. 正在与一家空白支票公司合并上市,合并后这家基于重力的储能公司的估值约为 16 亿美元。</blockquote></p><p> Energy Vault uses a block tower system to store and release renewable energy from wind and solar operations. Employing software to gauge when power demand is low, it uses surplus renewable energy to essentially store power by constructing the tower with a crane. When demand rises, the crane unstacks the tower, producing kinetic energy by dropping the blocks so that they can turn generators and create electricity.</p><p><blockquote>Energy Vault 使用块状塔系统来储存和释放风能和太阳能运营中的可再生能源。它利用软件来测量电力需求何时较低,通过用起重机建造塔,使用多余的可再生能源来基本上储存电力。当需求上升时,起重机会拆卸塔,通过掉落砖块来产生动能,以便它们可以转动发电机并发电。</blockquote></p><p> Founded in 2017, the company aims to produce renewable energy even when the weather is cloudy or calm. That would help address the challenge of generating low-cost renewable power around the clock, one of the main hurdles to making clean energy more mainstream. Energy Vault says it can build its tower system in a cheap, sustainable way.</p><p><blockquote>该公司成立于2017年,旨在即使在多云或平静的天气下也能生产可再生能源。这将有助于应对全天候生产低成本可再生能源的挑战,这是使清洁能源更加主流的主要障碍之一。Energy Vault 表示,它可以以廉价、可持续的方式建造塔式系统。</blockquote></p><p> The special-purpose acquisition company, or SPAC, that is taking the company public is Novus Capital Corp. II.</p><p><blockquote>将公司上市的特殊目的收购公司 (SPAC) 是 Novus Capital Corp. II。</blockquote></p><p> The deal comes as Wall Street lines up trillions of dollars behind the green transition and more government emissions mandates take hold. After connecting a demonstration unit to the Swiss energy grid last year, Energy Vault expects its first sales in 2022, then rapid growth as customers across industries demand clean energy.</p><p><blockquote>该交易达成之际,华尔街为绿色转型投入了数万亿美元,并且更多的政府排放指令生效。去年将示范装置连接到瑞士能源网后,Energy Vault 预计将于 2022 年首次销售,然后随着各行各业客户对清洁能源的需求而快速增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/30b5ca79d2bc0cfe099e67d8708f80b3\" tg-width=\"439\" tg-height=\"690\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “We need as much as we can get,” Robert Piconi, Energy Vault’s chief executive officer, said in an interview. “We’re seeing all the demand even come forward.”</p><p><blockquote>“Energy Vault 首席执行官罗伯特-皮科尼(Robert Piconi)在接受采访时说:”我们需要尽可能多的东西。“我们看到所有的需求都出现了”。</blockquote></p><p> Based in Westlake Village, Calif., the company recently raised $100 million from investors including Japanese tech conglomerate SoftBank Group Corp. and a venture fund run by Saudi Arabian Oil Co., better known as Aramco.</p><p><blockquote>该公司总部位于加利福尼亚州西湖村,最近从日本科技集团软银集团公司(SoftBank Group Corp.)和沙特阿拉伯石油公司(Saudi Arabian Oil Co.)运营的风险基金等投资者那里筹集了1亿美元。</blockquote></p><p> Energy Vault is expected to raise roughly $100 million as part of the SPAC deal through a private investment in public equity, or PIPE, associated with the merger featuring SoftBank and data-mining software firm Palantir Technologies Inc.Palantir has invested in many companies through PIPEs and reached agreements to work with some of the businesses in which it invests.</p><p><blockquote>Energy Vault 预计将通过对公共股权(PIPE)的私人投资筹集约 1 亿美元,作为 SPAC 交易的一部分,该投资与软银和数据挖掘软件公司 Palantir Technologies Inc. 的合并相关。Palantir 已通过 PIPEs 投资了许多公司并达成协议,与其投资的一些企业合作。</blockquote></p><p> The Novus Capital SPAC has about $290 million, though some SPAC investors could pull their money out before the deal goes through if the shares trade below their listing price. One of the SPAC team’s previous blank-check firms took indoor farming company AppHarvest Inc. public.</p><p><blockquote>Novus Capital SPAC 拥有约 2.9 亿美元的资产,但如果股价低于挂牌价,一些 SPAC 投资者可能会在交易完成前撤资。SPAC 团队之前的一家空白支票公司将室内农业公司 AppHarvest Inc.</blockquote></p><p> Also called a blank-check firm,a SPAC is a shell company that raises money and trades on a stock exchange with the sole intent of merging with a private company to take it public. The private firm then replaces the SPAC in the stock market. SPAC deals have become faster alternatives to traditional initial public offerings, in part because they allow startups going public to make business projections. Those aren’t allowed in IPOs.</p><p><blockquote>特殊目的收购公司也被称为空白支票公司, 是一家空壳公司, 它筹集资金并在证券交易所交易, 唯一目的是与一家私营公司合并, 将其上市。然后,这家私营公司在股票市场上取代了特殊目的收购公司。SPAC交易已成为传统首次公开募股的更快替代品,部分原因是它们允许上市的初创公司做出业务预测。首次公开募股不允许这样做。</blockquote></p><p> Even though shares of many companies that merged with SPACs have fallen recently, money continues to pour into the space. There have been 70 SPAC deals tied to renewable energy or sustainability announced since March 2020, according to a Dow Jones Market Data analysis of SPAC Research figures. They collectively value the companies at more than $170 billion, including debt but excluding cash holdings.</p><p><blockquote>尽管许多与 SPAC 合并的公司的股价最近下跌,但资金仍在继续涌入该领域。根据道琼斯市场对 SPAC 研究数据的数据分析,自 2020 年 3 月以来,已宣布了 70 笔与可再生能源或可持续发展相关的 SPAC 交易。他们对这些公司的总估值超过 1700 亿美元,包括债务,但不包括现金持有量。</blockquote></p><p> Energy Vault is also backed by Idealab, a technology incubator founded by clean-energy entrepreneur Bill Gross —sometimes confused with the bond investor Bill Gross, who co-founded investment giant Pacific Investment Management Co. Idealab’s Mr. Gross co-founded Energy Vault and is on the company’s board. He is also CEO of concentrated solar-power startup Heliogen Inc., which announced a $2 billion SPAC deal in July.</p><p><blockquote>Energy Vault 还得到了 Idealab 的支持,Idealab 是一家由清洁能源企业家比尔-格罗斯(Bill Gross)创办的技术孵化器,有时会与债券投资者比尔-格罗斯(Bill Gross)混淆,后者是投资巨头太平洋投资管理公司(Pacific Investment Management Co. Idealab 的格罗斯先生是 Energy Vault 的创始人之一,也是该公司的董事会成员。他还是聚光太阳能初创公司Heliogen Inc.的首席执行官,该公司在7月份宣布了一项20亿美元的SPAC交易。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Renewable Storage Firm Energy Vault Reaches $1.6 Billion SPAC Deal to Go Public<blockquote>可再生能源存储公司 Energy Vault 达成 16 亿美元 SPAC 交易上市</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRenewable Storage Firm Energy Vault Reaches $1.6 Billion SPAC Deal to Go Public<blockquote>可再生能源存储公司 Energy Vault 达成 16 亿美元 SPAC 交易上市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-09 08:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Investors in the company include SoftBank and an Aramco venture fund</p><p><blockquote>该公司的投资者包括软银和沙特阿美风险投资基金</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1dfa536dc9bd6f97058356554532ec7a\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>Energy Vault says its block tower system can help address the challenge of providing clean power around the clock.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Energy Vault 表示,其砖塔系统可以帮助解决全天候提供清洁能源的挑战。</span></p></blockquote></p><p> Energy Vault Inc. is combining with a blank-check company to go public in a merger that values the gravity-based energy-storage company at roughly $1.6 billion, the companies said.</p><p><blockquote>两家公司表示,Energy Vault Inc. 正在与一家空白支票公司合并上市,合并后这家基于重力的储能公司的估值约为 16 亿美元。</blockquote></p><p> Energy Vault uses a block tower system to store and release renewable energy from wind and solar operations. Employing software to gauge when power demand is low, it uses surplus renewable energy to essentially store power by constructing the tower with a crane. When demand rises, the crane unstacks the tower, producing kinetic energy by dropping the blocks so that they can turn generators and create electricity.</p><p><blockquote>Energy Vault 使用块状塔系统来储存和释放风能和太阳能运营中的可再生能源。它利用软件来测量电力需求何时较低,通过用起重机建造塔,使用多余的可再生能源来基本上储存电力。当需求上升时,起重机会拆卸塔,通过掉落砖块来产生动能,以便它们可以转动发电机并发电。</blockquote></p><p> Founded in 2017, the company aims to produce renewable energy even when the weather is cloudy or calm. That would help address the challenge of generating low-cost renewable power around the clock, one of the main hurdles to making clean energy more mainstream. Energy Vault says it can build its tower system in a cheap, sustainable way.</p><p><blockquote>该公司成立于2017年,旨在即使在多云或平静的天气下也能生产可再生能源。这将有助于应对全天候生产低成本可再生能源的挑战,这是使清洁能源更加主流的主要障碍之一。Energy Vault 表示,它可以以廉价、可持续的方式建造塔式系统。</blockquote></p><p> The special-purpose acquisition company, or SPAC, that is taking the company public is Novus Capital Corp. II.</p><p><blockquote>将公司上市的特殊目的收购公司 (SPAC) 是 Novus Capital Corp. II。</blockquote></p><p> The deal comes as Wall Street lines up trillions of dollars behind the green transition and more government emissions mandates take hold. After connecting a demonstration unit to the Swiss energy grid last year, Energy Vault expects its first sales in 2022, then rapid growth as customers across industries demand clean energy.</p><p><blockquote>该交易达成之际,华尔街为绿色转型投入了数万亿美元,并且更多的政府排放指令生效。去年将示范装置连接到瑞士能源网后,Energy Vault 预计将于 2022 年首次销售,然后随着各行各业客户对清洁能源的需求而快速增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/30b5ca79d2bc0cfe099e67d8708f80b3\" tg-width=\"439\" tg-height=\"690\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “We need as much as we can get,” Robert Piconi, Energy Vault’s chief executive officer, said in an interview. “We’re seeing all the demand even come forward.”</p><p><blockquote>“Energy Vault 首席执行官罗伯特-皮科尼(Robert Piconi)在接受采访时说:”我们需要尽可能多的东西。“我们看到所有的需求都出现了”。</blockquote></p><p> Based in Westlake Village, Calif., the company recently raised $100 million from investors including Japanese tech conglomerate SoftBank Group Corp. and a venture fund run by Saudi Arabian Oil Co., better known as Aramco.</p><p><blockquote>该公司总部位于加利福尼亚州西湖村,最近从日本科技集团软银集团公司(SoftBank Group Corp.)和沙特阿拉伯石油公司(Saudi Arabian Oil Co.)运营的风险基金等投资者那里筹集了1亿美元。</blockquote></p><p> Energy Vault is expected to raise roughly $100 million as part of the SPAC deal through a private investment in public equity, or PIPE, associated with the merger featuring SoftBank and data-mining software firm Palantir Technologies Inc.Palantir has invested in many companies through PIPEs and reached agreements to work with some of the businesses in which it invests.</p><p><blockquote>Energy Vault 预计将通过对公共股权(PIPE)的私人投资筹集约 1 亿美元,作为 SPAC 交易的一部分,该投资与软银和数据挖掘软件公司 Palantir Technologies Inc. 的合并相关。Palantir 已通过 PIPEs 投资了许多公司并达成协议,与其投资的一些企业合作。</blockquote></p><p> The Novus Capital SPAC has about $290 million, though some SPAC investors could pull their money out before the deal goes through if the shares trade below their listing price. One of the SPAC team’s previous blank-check firms took indoor farming company AppHarvest Inc. public.</p><p><blockquote>Novus Capital SPAC 拥有约 2.9 亿美元的资产,但如果股价低于挂牌价,一些 SPAC 投资者可能会在交易完成前撤资。SPAC 团队之前的一家空白支票公司将室内农业公司 AppHarvest Inc.</blockquote></p><p> Also called a blank-check firm,a SPAC is a shell company that raises money and trades on a stock exchange with the sole intent of merging with a private company to take it public. The private firm then replaces the SPAC in the stock market. SPAC deals have become faster alternatives to traditional initial public offerings, in part because they allow startups going public to make business projections. Those aren’t allowed in IPOs.</p><p><blockquote>特殊目的收购公司也被称为空白支票公司, 是一家空壳公司, 它筹集资金并在证券交易所交易, 唯一目的是与一家私营公司合并, 将其上市。然后,这家私营公司在股票市场上取代了特殊目的收购公司。SPAC交易已成为传统首次公开募股的更快替代品,部分原因是它们允许上市的初创公司做出业务预测。首次公开募股不允许这样做。</blockquote></p><p> Even though shares of many companies that merged with SPACs have fallen recently, money continues to pour into the space. There have been 70 SPAC deals tied to renewable energy or sustainability announced since March 2020, according to a Dow Jones Market Data analysis of SPAC Research figures. They collectively value the companies at more than $170 billion, including debt but excluding cash holdings.</p><p><blockquote>尽管许多与 SPAC 合并的公司的股价最近下跌,但资金仍在继续涌入该领域。根据道琼斯市场对 SPAC 研究数据的数据分析,自 2020 年 3 月以来,已宣布了 70 笔与可再生能源或可持续发展相关的 SPAC 交易。他们对这些公司的总估值超过 1700 亿美元,包括债务,但不包括现金持有量。</blockquote></p><p> Energy Vault is also backed by Idealab, a technology incubator founded by clean-energy entrepreneur Bill Gross —sometimes confused with the bond investor Bill Gross, who co-founded investment giant Pacific Investment Management Co. Idealab’s Mr. Gross co-founded Energy Vault and is on the company’s board. He is also CEO of concentrated solar-power startup Heliogen Inc., which announced a $2 billion SPAC deal in July.</p><p><blockquote>Energy Vault 还得到了 Idealab 的支持,Idealab 是一家由清洁能源企业家比尔-格罗斯(Bill Gross)创办的技术孵化器,有时会与债券投资者比尔-格罗斯(Bill Gross)混淆,后者是投资巨头太平洋投资管理公司(Pacific Investment Management Co. Idealab 的格罗斯先生是 Energy Vault 的创始人之一,也是该公司的董事会成员。他还是聚光太阳能初创公司Heliogen Inc.的首席执行官,该公司在7月份宣布了一项20亿美元的SPAC交易。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.wsj.com/articles/renewable-storage-firm-energy-vault-reaches-1-6-billion-spac-deal-to-go-public-11631136600?mod=lead_feature_below_a_pos1\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NXU":"Nxu Inc"},"source_url":"https://www.wsj.com/articles/renewable-storage-firm-energy-vault-reaches-1-6-billion-spac-deal-to-go-public-11631136600?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168667479","content_text":"Investors in the company include SoftBank and an Aramco venture fund\nEnergy Vault says its block tower system can help address the challenge of providing clean power around the clock.\nEnergy Vault Inc. is combining with a blank-check company to go public in a merger that values the gravity-based energy-storage company at roughly $1.6 billion, the companies said.\nEnergy Vault uses a block tower system to store and release renewable energy from wind and solar operations. Employing software to gauge when power demand is low, it uses surplus renewable energy to essentially store power by constructing the tower with a crane. When demand rises, the crane unstacks the tower, producing kinetic energy by dropping the blocks so that they can turn generators and create electricity.\nFounded in 2017, the company aims to produce renewable energy even when the weather is cloudy or calm. That would help address the challenge of generating low-cost renewable power around the clock, one of the main hurdles to making clean energy more mainstream. Energy Vault says it can build its tower system in a cheap, sustainable way.\nThe special-purpose acquisition company, or SPAC, that is taking the company public is Novus Capital Corp. II.\nThe deal comes as Wall Street lines up trillions of dollars behind the green transition and more government emissions mandates take hold. After connecting a demonstration unit to the Swiss energy grid last year, Energy Vault expects its first sales in 2022, then rapid growth as customers across industries demand clean energy.\n\n“We need as much as we can get,” Robert Piconi, Energy Vault’s chief executive officer, said in an interview. “We’re seeing all the demand even come forward.”\nBased in Westlake Village, Calif., the company recently raised $100 million from investors including Japanese tech conglomerate SoftBank Group Corp. and a venture fund run by Saudi Arabian Oil Co., better known as Aramco.\nEnergy Vault is expected to raise roughly $100 million as part of the SPAC deal through a private investment in public equity, or PIPE, associated with the merger featuring SoftBank and data-mining software firm Palantir Technologies Inc.Palantir has invested in many companies through PIPEs and reached agreements to work with some of the businesses in which it invests.\nThe Novus Capital SPAC has about $290 million, though some SPAC investors could pull their money out before the deal goes through if the shares trade below their listing price. One of the SPAC team’s previous blank-check firms took indoor farming company AppHarvest Inc. public.\nAlso called a blank-check firm,a SPAC is a shell company that raises money and trades on a stock exchange with the sole intent of merging with a private company to take it public. The private firm then replaces the SPAC in the stock market. SPAC deals have become faster alternatives to traditional initial public offerings, in part because they allow startups going public to make business projections. Those aren’t allowed in IPOs.\nEven though shares of many companies that merged with SPACs have fallen recently, money continues to pour into the space. There have been 70 SPAC deals tied to renewable energy or sustainability announced since March 2020, according to a Dow Jones Market Data analysis of SPAC Research figures. They collectively value the companies at more than $170 billion, including debt but excluding cash holdings.\nEnergy Vault is also backed by Idealab, a technology incubator founded by clean-energy entrepreneur Bill Gross —sometimes confused with the bond investor Bill Gross, who co-founded investment giant Pacific Investment Management Co. Idealab’s Mr. Gross co-founded Energy Vault and is on the company’s board. He is also CEO of concentrated solar-power startup Heliogen Inc., which announced a $2 billion SPAC deal in July.","news_type":1,"symbols_score_info":{"NXU":0.9}},"isVote":1,"tweetType":1,"viewCount":2286,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/889641413"}
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