Vision Fund makes $110 million bet on renewable energy storage
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LONDON (Reuters) - Softbank Group's Vision Fund has made its first foray into energy storage technology with a $110 million (£91.3 million) investment in Switzerland-based Energy Vault.While many countries are keen to use renewable energy as part of efforts to cut carbon emissions in the fight against climate change, the challenge has been to find a way to store it for later use, particularly overnight or when demand surges.Inspired by the physics and mechanical engineering used in hydro..