Energy Vault SPAC Presentation Deck
Renewables as Percent of Total Production to Substantially
Increase after 2020
As renewable energy production increases, renewable energy storage must keep pace to prevent intermittent power outages
Total Electrical Energy Production (TWh)
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
1950
1960
ENERGY VAULT
1970
1980
Novus Capital Corporation II
1990
Source: EIA U.S. Monthly Energy Review March 2021; IRENA World Energy Transition Outlook 2021
Fossil Fuel Electricity Production
2000
2010
Renewables % of
total 2020:
12%
2020
2030
ENERGY VAULT, INC. ALL RIGHTS RESERVED
Renewables % of
total 2050:
90%
2040
Renewable + Fossil Fuel Electrical Energy Production
2050
Load (GW)
35
30
25
20
15
10
Grid Demand
Discharging
Morning
Solar Supply
Charging
Wind Supply
Afternoon
Time of Day
Discharging
14
Dependency on intermittent
renewables such as solar and
wind requires investment in
flexible storage to prevent
outages
Renewable intermittency
needs storage
Evening
Enabling a Renewable WorldView entire presentation