Vinson & Elkins Advises Energy Vault on $300 Million Preferred Equity Investment by Orion Infrastructure Capital
Vinson & Elkins represented Energy Vault, Inc. (“Energy Vault”), a global leader in grid-scale energy storage solutions, in the $300 million preferred equity investment by Orion Infrastructure Capital L.P. (“OIC”) into Energy Vault.
The investment launches “Asset Vault,” Energy Vault’s fully consolidated subsidiary dedicated to developing, building, owning and operating energy storage assets globally.
The Vinson & Elkins team was led by partners Michael Gibson and Jenny Speck, with assistance from associates Christina Wu and Katie Holmes. Also advising were partner Lina Dimachkieh, counsel Allyson Seger, and associates Kylan Kinkade and Erin Fant; partners Ben Heriaud and Stephanie Coco and associate John Sasso; partner Winston Skinner; and partner Hill Wellford.
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