Rept Battero and Energy Vault also have a 10GWh supply agreement for Rept’s liquid-cooled storage solutions. In January of this year, Rept Battero announced plans to develop an 8GWh gigafactory in Indonesia, producing lithium-ion (Li-ion) BESS cells. After fulfilling the black-start and grid-forming roles of the microgrid, Energy Vault’s B-VAULT DC battery technology works with the fuel cells to ensure grid stability. Upon final closing, Asset Vault will be established as a fully consolidated subsidiary to manage Energy Vault’s storage assets, which it will own and operate. These assets will be backed by long-term offtake agreements, which Energy Vault says will secure project revenue and support Energy Vault’s strategy as an independent power producer (IPP).