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Startups

SoftBank Vision Fund makes first energy bet

Swiss startup Energy Vault raises $110m to deploy brick storage towers worldwide

Energy Vault plans to demonstrate its brick energy-storage towers in Italy later this year (Photo courtesy of Energy Vault)

TOKYO -- SoftBank Group's near $100 billion Vision Fund made its first bet in the energy sector with a $110 million investment in Switzerland-based startup Energy Vault.

The funding will enable Energy Vault to deploy its huge brick energy-storage towers across the world, the company said on Thursday.

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