Energy Vault tracks implementation of Trump executive order restricting foreign-made bulk power components

Energy Vault Chief Revenue Officer Marco Terruzzin told Utility Dive that the energy storage company is closely following implementation of President Donald Trump's recent executive order restricting the use of foreign-made bulk power components and is assessing its impacts on a project-by-project basis as it diversifies its supply chain. The company said last week it would acquire a 2.3-GW development portfolio from Goshe Energy Storage, including 350 MW of ready-to-build capacity that could come online in early 2028, and secured up to $40 million in credit from S2G Investments to back development, construction and operation of that portfolio.