BY BEN COOK
- Hollywood actor Leonardo DiCaprio joined the Power Vault board
- DiCaprio has invested in Power Vault for 2 years
- Power Vault CEO says DiCaprio has the flexibility to achieve a ‘broader viewers’
Hollywood actor Leonardo DiCaprio has joined US grid-scale power storage improvement firm Power Vault’s strategic advisory board.
Final week, Power Vault started buying and selling on the New York Inventory Trade following the corporate’s enterprise mixture with Novus Capital Company II, a transaction that raised roughly $235 million in gross proceeds.
DiCaprio has been an investor in Power Vault for the previous two years.
DiCaprio joins the ‘mission’ of the Power Vault
The Academy Award-winning actor, who based the Leonardo DiCaprio Basis in 1998, a non-profit group devoted to selling environmental consciousness, mentioned: “The growth of using renewables is important to resolve the disaster on the local weather and obtain the targets of the World Local weather. The Motion Plan was introduced at COP26. The brand new Power Vault power storage know-how permits clear energy to be accessible across the clock, changing the necessity for fossil fuels.
“Specializing in sustainability, Power Vault is ready to use recycled and waste supplies to create the composite blocks which can be the center of its know-how. I’m proud to affix Power Vault in its mission to facilitate decarbonization of our planet.
Will the Hollywood star enhance the idea of power storage?
Power Vault is aware of that DiCaprio’s appointment is not going to solely elevate the corporate’s profile, but additionally assist promote the idea of power storage to a wider viewers. As well as, the purpose is to lift consciousness of the necessity to urgently deal with the difficulty of local weather change. DiCaprio definitely has the facility to attain these targets, with a Twitter following of practically 20 million, he has turn into an more and more vital contributor to the local weather change debate in movie and tv as nicely. on social media.
Robert Piconi, co-founder and CEO of Power Vault, acknowledged the function that DiCaprio can play in encouraging the worldwide group to enhance efforts to take care of local weather change.
Piconi mentioned: “From the time I spent assembly Leo and discussing our shared urgency to decarbonize the planet, I used to be deeply impressed by his precedence and private dedication to broad sustainability, and particularly to elevating the dialogue of the necessity to deal with local weather change extra aggressively as a worldwide group.
“Along with his substantial funding in Power Vault over the previous two years, we’re happy to have him tackle a extra energetic function as a strategic advisor given the distinctive insights from his international following and his potential to achieve a wider viewers in direction of accelerating decarbonization.”
Power Vault additionally introduced that Mary Beth Mandanas, CEO of Onyx Renewable Companions and Thomas Ertel, chief accounting officer of Strada Training Community have joined the corporate’s board of administrators.