Energy Vault Holdings Inc. announced that five new EVx? gravity energy storage systems (GESS) will be deployed by China Tianying Inc. (CNTY) under the Company?s previously announced licensing and royalty agreement with Atlas Renewable, which includes a 5% project revenue royalty associated with each project. With the 100 MWh EVx GESS in Rudong and the 2 GWh EVx GESS in Tong Liao, Inner Mongolia, the following recently signed agreements by CNTY bring total existing and planned EVx deployments in China to seven, totaling 3.26 GWh, all of which include a 5% project royalty.

Agreement with Hebei provincial government to build a 100 MWh EVx GESS in Zhangjiakou, Hebei Province. Agreement with Jiangsu provincial government to build a 100 MWh EVx GESS in Suzhou, Shanxi Province. Agreement with Gansu provincial government to build a 200 MWh EVx GESS in Jinta County, Jiuquan, Gansu Province.

Agreement with Jilin provincial government to build a 660 MWh EVx GESS in Songyuan, Jilin Province. Agreement with Xinjiang government to build a 100 MWh EVx GESS in Yining, Xinjiang Province.