Energy Vault and Carbosulcis Announce 100MW Hybrid Gravity Energy Storage Project to Accelerate Carbon Free Technology Hub at Italy’s Largest Former Coal Mining Site in Sardinia
Energy Vault Holdings (NYSE: NRGV) and Carbosulcis have announced plans to develop a 100MW Hybrid Gravity Energy Storage System at Italy's largest former coal mining site in Sardinia. The project aims to accelerate the formation of a Renewable Energy Technology Hub. Key points include:
1. The system utilizes Energy Vault's new EV0™ modular pumped hydro gravity storage technology and lithium-ion batteries, powered by VaultOS™ energy management software.
2. Deployment is planned in 500-meter-deep shafts at the former coal mine owned by the Sardinia Regional Government.
3. A land lease agreement was executed in July 2024, with site testing to begin in the coming months.
4. The system will be owned and operated by Energy Vault, aiming to increase local renewable energy use and grid stability in Sardinia.
Energy Vault Holdings (NYSE: NRGV) e Carbosulcis hanno annunciato piani per sviluppare un Sistema di Stoccaggio Energetico Ibrido da 100MW presso il sito minerario di carbone più grande d'Italia in Sardegna. L'obiettivo del progetto è accelerare la formazione di un Hub di Tecnologia Energetica Rinnovabile. I punti chiave includono:
1. Il sistema utilizza la nuova tecnologia di stoccaggio idroelettrica modulare EV0™ di Energy Vault e batterie agli ioni di litio, alimentato dal software di gestione energetica VaultOS™.
2. La distribuzione è prevista in pozzi profondi 500 metri presso la ex miniera di carbone di proprietà del Governo Regionale della Sardegna.
3. È stato firmato un contratto di locazione del terreno a luglio 2024, con test del sito previsti nei prossimi mesi.
4. Il sistema sarà di proprietà e gestito da Energy Vault, con l'obiettivo di aumentare l'uso di energia rinnovabile locale e la stabilità della rete in Sardegna.
Energy Vault Holdings (NYSE: NRGV) y Carbosulcis han anunciado planes para desarrollar un Sistema de Almacenamiento de Energía Hidroeléctrico Híbrido de 100MW en el sitio de minería de carbón más grande de Italia, en Cerdeña. El proyecto tiene como objetivo acelerar la formación de un Hub de Tecnología de Energía Renovable. Los puntos clave incluyen:
1. El sistema utiliza la nueva tecnología de almacenamiento hidroeléctrico modular EV0™ de Energy Vault y baterías de iones de litio, impulsado por el software de gestión energética VaultOS™.
2. Se prevé el despliegue en pozos de 500 metros de profundidad en la antigua mina de carbón propiedad del Gobierno Regional de Cerdeña.
3. Se firmó un acuerdo de arrendamiento de tierras en julio de 2024, con pruebas del sitio que comenzarán en los próximos meses.
4. El sistema será propiedad y operado por Energy Vault, con el objetivo de aumentar el uso de energía renovable local y la estabilidad de la red en Cerdeña.
Energy Vault Holdings (NYSE: NRGV)와 Carbosulcis가 이탈리아 사르디니아의 가장 큰 폐석탄 광산에서 100MW 하이브리드 중력 에너지 저장 시스템을 개발할 계획을 발표했습니다. 이 프로젝트는 재생 에너지 기술 허브의 형성을 가속화하는 것을 목표로 하고 있습니다. 주요 내용은 다음과 같습니다:
1. 이 시스템은 Energy Vault의 새로운 EV0™ 모듈형 양수 중력 저장 기술와 리튬 이온 배터리를 사용하며, VaultOS™ 에너지 관리 소프트웨어에 의해 구동됩니다.
2. 배치는 사르디니아 지역 정부 소유의 폐탄광에서 500미터 깊이의 샤프트에 계획되어 있습니다.
3. 2024년 7월에 토지 임대 계약이 체결되었으며, 향후 몇 달 내에 현장 테스트가 시작될 예정입니다.
4. 이 시스템은 Energy Vault에 의해 소유 및 운영될 예정으로, 사르디니아에서의 지역 재생 에너지 사용과 전력망 안정성을 높이는 것을 목표로 하고 있습니다.
Energy Vault Holdings (NYSE: NRGV) et Carbosulcis ont annoncé des plans pour développer un Système de Stockage d'Énergie Gravitique Hybride de 100MW sur le plus grand site minier de charbon d'Italie en Sardaigne. Le projet vise à accélérer la formation d'un Pôle de Technologie Énergétique Renouvelable. Les points clés incluent :
1. Le système utilise la nouvelle technologie de stockage hydropneumatique modulaire EV0™ d'Energy Vault et des batteries lithium-ion, alimenté par le logiciel de gestion énergétique VaultOS™.
2. Le déploiement est prévu dans des puits de 500 mètres de profondeur dans l'ancienne mine de charbon appartenant au gouvernement régional de Sardaigne.
3. Un contrat de location de terrain a été signé en juillet 2024, avec des tests sur site devant commencer dans les mois à venir.
4. Le système sera propriété et géré par Energy Vault, visant à augmenter l'utilisation d'énergies renouvelables locales et la stabilité du réseau en Sardaigne.
Energy Vault Holdings (NYSE: NRGV) und Carbosulcis haben Pläne angekündigt, ein 100MW Hybrid-Gravitationsenergiespeichersystem an Italiens größtem ehemaligen Steinkohlebergwerk auf Sardinien zu entwickeln. Ziel des Projekts ist es, die Bildung eines Hub für erneuerbare Energietechnologien zu beschleunigen. Wichtige Punkte sind:
1. Das System nutzt die neue EV0™ modulare Pumpspeicher-Gravitationstechnologie von Energy Vault und Lithium-Ionen-Batterien, die durch VaultOS™ Energiemanagementsoftware betrieben wird.
2. Die Bereitstellung ist in 500 Meter tiefen Schächten des ehemaligen Kohlenbergwerks geplant, das dem Regionalregierung Sardiniens gehört.
3. Im Juli 2024 wurde ein Grundstückspachtvertrag unterzeichnet, und die Standorttests sollen in den kommenden Monaten beginnen.
4. Das System wird von Energy Vault besessen und betrieben, mit dem Ziel, die Nutzung erneuerbarer Energien vor Ort und die Stabilität des Stromnetzes auf Sardinien zu erhöhen.
- Development of a 100MW Hybrid Gravity Energy Storage System, potentially expanding Energy Vault's market presence
- Execution of a land lease agreement, indicating project progression
- Planned ownership and operation of the system by Energy Vault, potentially leading to long-term revenue streams
- Demonstration of Energy Vault's technology versatility, adapting to underground applications
- Project is still in early stages, with site testing yet to begin
- Significant capital investment likely required for project development and implementation
Insights
This 100MW Hybrid Gravity Energy Storage System marks a significant innovation in repurposing retired coal mines. The project combines Energy Vault's EV0™ modular pumped hydro gravity storage with lithium-ion batteries, leveraging the
The system's ability to stabilize Sardinia's power grid and dispatch renewable energy during peak hours is important for the island's energy transition. With installation starting in September 2024 and testing expected to complete in 2025, this project could set a precedent for similar conversions globally. The VaultOS™ energy management software will be key in optimizing the system's performance and integrating with the local grid.
From an investor's perspective, this project showcases Energy Vault's innovative capabilities and potential for growth in the repurposing of industrial sites for clean energy storage.
The transformation of Italy's largest former coal mining site into a Carbon Free Technology Hub is a prime example of just transition in action. This project addresses multiple environmental and economic challenges:
- Repurposing a retired coal mine, mitigating the economic impact of its closure
- Promoting renewable energy adoption in Sardinia
- Creating a catalyst for new industrial and technological activities in the region
The Sardinia Regional Government's involvement underscores the political will to support such transitions. This project could serve as a model for other regions facing similar challenges in phasing out fossil fuels. The success of this initiative could lead to increased government support and funding for similar projects, potentially opening up new markets for Energy Vault and other clean energy companies.
While specific financial details are not provided, this project represents a significant opportunity for Energy Vault (NYSE: NRGV). Key financial implications include:
- Long-term revenue stream: As the sole owner and operator of the 100MW system, Energy Vault secures a stable, long-term income source.
- Market expansion: This project demonstrates Energy Vault's ability to adapt its technology for unique applications, potentially opening new market segments.
- Reduced capital expenditure: Repurposing existing infrastructure likely reduces overall project costs compared to greenfield developments.
Investors should note that this project, along with others like the Calistoga PG&E project, showcases Energy Vault's diversification beyond traditional gravity storage. This adaptability could be important for the company's growth and resilience in the competitive energy storage market.
However, the project's success and financial impact will depend on factors such as construction costs, operational efficiency and the final terms of energy supply agreements with local utilities.
The hybrid energy storage system utilizes Energy Vault’s new EV0™ modular pumped hydro gravity storage technology plus lithium-ion batteries, and powered by VaultOS™ energy management software, is proposed to be deployed in 500-meter-deep shafts at the largest former coal mine in
The parties executed a land lease agreement in July 2024 and will begin site testing in the coming months
The 100MW energy storage system will be owned and operated by Energy Vault, and is key to increasing the local use of renewable energy in
Energy Vault and Carbosulcis Announce 100MW Hybrid Gravity Energy Storage Project to Accelerate Carbon Free Technology Hub at Italy’s Largest Former Coal Mining Site in
This Hybrid Energy Storage solution leverages Energy Vault EV0™ gravity technology through a new water-based, modular pumped hydro application. The proposed system combines long-established pumped hydro energy storage technology with Energy Vault’s innovative gravity energy storage technology, allowing the partners to repurpose the unique underground features of the site as a retired coal mine. The Hybrid Energy Storage solution is designed to optimize and fully capitalize on the specific topology of the site and the 500-meter-deep mine shafts, highlighting the unique proposition of Energy Vault as a fully integrated and diversified provider of tailor-made energy storage solutions. The parties recently executed a land lease agreement, with installation of the first modular gravity components set to commence in September 2024 with the testing of the underground component of the Hybrid Energy Storage System expected to be completed in 2025.
Carbosulcis’ Nuraxi Figus site, located on the island of
“We are very excited about the innovative energy storage combined solution proposed by Energy Vault, including underground gravity energy storage technology, that we are testing together and that can become one of the solutions to support our project to convert our mine into a new Technology Hub. This project will maximize the local use of renewable energy, and at the same time provide services that will improve the stability of the power grid in Sardinia,” said Francesco Lippi, Chief Executive Officer (Amministratore Unico), Carbosulcis. “We are deeply appreciative of the partnership that Energy Vault has demonstrated thus far, and their customer-centric approach to the design of energy storage solutions has already proved extremely valuable. Energy storage is a critical component to better utilizing renewable energy around-the-clock on the island of
"We are proud to collaborate with Carbosulcis for such an important project. The conversion of the coal mine in Nuraxi Figus to a Technology Hub powered by renewable energy will help the
EV0™ is part of Energy Vault’s G-VAULT™ Gravity Energy Storage System (GESS) portfolio and was announced in May 2024 along with other new gravity storage system products. The new design is a water and vessel-based “modular pumped hydro” solution that is uniquely addressing applications for underground deep mine shafts, in this case a 500-meter-deep shaft at one of the largest coal mines in
About Energy Vault
Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s G-VAULT™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.
About Carbosulcis
Carbosulcis SpA is a company fully owned by the Autonomous Region of
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FAQ
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