Energy Vault Announces Commencement of Commissioning of World’s First EVx™ Gravity Energy Storage System
After achieving mechanical completion of the critical power electronic components, commissioning of the newly constructed EVx started in June as planned, and is expected to be fully interconnected to the local state utility grid in the fourth quarter of this year
The system will be the world’s first commercial, grid-scale gravity energy storage system that offers a more economical, scalable and sustainable alternative to existing pumped hydroelectric plants that currently represent ~
Constructed just outside of
LUGANO,
Energy Vault Announces Commencement of Commissioning of World’s First EVx™ Gravity Energy Storage System (Photo: Business Wire)
Located outside of
“Happy to share our continued progress and a critical milestone achieved with our partners Atlas Renewable and China Tianying related to commencement of commissioning activities of the world’s first EVx gravity energy storage system,” said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault. “The team’s pace and quality of development since the start of construction in March 2022 has been extraordinary, especially when considering the backdrop of two COVID related work stoppages in the first year of construction alone. While this represents a significant milestone, our work in
Eric Fang, Chief Executive Officer, Atlas Renewable, stated: “This milestone could not have been achieved without the unprecedented collaboration between the collective teams in the
Highlighting the market adoption of Energy Vault’s gravity technology, China Tianying's subsidiary, Jiangsu Nengying New Energy Technology Development Co., Ltd., announced last week that it has entered into an agreement with the People's Government of Huailai County to build an additional 100 MWh gravity energy storage project in Huailai County,
Additionally, on July 26, the National Energy Administration of
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 EVx™ 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.
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Source: Energy Vault Holdings, Inc.
