China Tianying Inc. signed a $100million cooperation agreement with Energy Vault

On the morning of January 30, Atlas renewable LLC, a holding subsidiary of China Tianying Co., Ltd., officially signed a $50million technology licensing agreement with Energy Vault, a Swiss developer of gravity energy storage technology, and signed an equity subscription agreement with Novus Capital Corporation II (a company listed on the new York Stock Exchange) to invest US 50million in the form of pipe (private equity investment in shares of listed companies).

Witnessed by Yan Shengjun, chairman of China Tianying, Shi Dinghuan, chairman of the expert committee of the energy investment professional committee of the China Investment Association, Sun Yaowei, chairman, and Fang Hong, CEO of atlas renewable, Neil Bush signed an equity subscription agreement online with Robert J. Laikin, CEO of Novus Capital Corporation II on behalf of atlas renewable LLC, And signed a technology licensing agreement with Robert piconi, founder and CEO of energy vault.

This strategic partnership with Energy Vault will undoubtedly greatly facilitate China Tianying Inc. to introduce and promote its advanced energy storage technology, promote the rapid implementation of gravity energy storage projects in China, help build a regional zero carbon energy demonstration center, build a new business form of renewable energy development, and effectively empower China Tianying's "environmental protection + new energy" twin engine development strategy. China Tianying will drive the sustainable development of its business through technological innovation and unswervingly follow the sustainable development path of green, low-carbon and circular economy.

Source: https://www.ctyi.com.cn/category_251/1866.html