energy vault

energy vault

Energy Vault, a startup that uses gravity and composite blocks heavier than a school bus to store renewable energy, plans to go public in a $1.6 billion merger with a special purpose acquisition company (SPAC).

The combined entity — consisting of the Westlake Village, Calif.-based clean energy startup and a shell company called Novus Capital Corp. II — aims to list on the New York Stock Exchange under the ticker "GWHR." The companies expect the deal to close during the first quarter of 2022.

Read more Show less
Photo by Aircam

Bill Gross wants to save the world.

The inventor, entrepreneur and founder of Pasadena-based IdeaLab, an incubator that has birthed more than 150 companies, is on a mission to make the world carbon free and upend the reliance on fossil fuels.

Gross, speaking to a crowd at the opening day of the eighth-annual Upfront Summit, created a slew of startups to help make the next generation safer in the face of carbon emissions and global warming. And his companies are attracting investments that will help develop alternative power sources and cleaner manufacturing.

Read more Show less
Trending