NTPC signed a Memorandum of Understanding MOU with Energy Vault Holdings Inc Energy Vault a leader in sustainable grid-scale energy storage solutions The objective of the MOU is to collaborate and formalize a long-term strategic partnership for deployment of Energy Vaults EVx gravity-based energy storage technology and software solutions based on the outcome of a joint feasibility study The technology also offers beneficial utilization of coal ash for manufacturing of composite blocks for Energy Vaults gravity-based energy storage system
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