Energy Vault shares surge 10.30% intraday after entering Swiss market with FlexGrid and two B-VAULT contracts.

Energy Vault surged 10.30% intraday after announcing its formal entry into the Swiss market with two B-VAULT battery energy storage system contracts for projects with Schindler Aufzüge AG and Energie Wettingen AG. The company launched its FlexGrid product, a modular, regulation-ready system tailored for commercial and industrial clients, marking a key milestone in its European expansion strategy. The Schindler project, deployed at its global headquarters, and the Energie Wettingen project, featuring stacked high-density configurations, highlight Energy Vault’s ability to address diverse energy storage needs. Integration with CKW’s Flexpool platform further positions the systems to participate in Swissgrid’s ancillary markets, enhancing grid resilience. The news reinforced the company’s broader European growth plans and demonstrated rapid deployment capabilities, aligning with the stock’s sharp intraday rise.