Energy Vault: Pioneering Gravity-Based Energy Storage Solutions
Energy Vault, headquartered in Switzerland, is at the forefront of advancing long-term energy storage technology. The company’s mission is to support the decarbonization efforts of the world’s largest corporations through its groundbreaking energy storage solutions.
Innovative Technology
Energy Vault’s technology uniquely combines traditional physical principles with cutting-edge machine vision software to deliver large-scale clean energy storage and distribution. The company’s core technology, the EVx™ Gravity Energy Storage System (GESS), alongside its Energy Management System (EMS), provides flexible, sustainable, and cost-effective energy storage solutions designed to address the intermittency issues associated with power supply.
The EVx™ system utilizes a gravity-based approach where massive blocks are lifted and stored at height to capture and store energy. When energy is needed, the blocks are lowered, converting potential energy back into electricity. This process, combined with the company’s advanced EMS, ensures optimal performance and efficiency.
Global Impact and Projects
Energy Vault has made significant strides in the energy storage sector with projects spanning the globe. In China, the company has completed a 25 MW/100 MWh gravity energy storage facility and is set to fully commission it in the fourth quarter. In the United States, Energy Vault has partnered with Enel to develop an 18 MW/36 MWh gravity storage project, while in Australia, the company is deploying two battery storage systems with a combined capacity of 400 MWh.
Diverse Product Portfolio
Energy Vault’s product portfolio includes both short-term and long-term energy storage solutions. Among its innovations is the H-VAULT™ hydrogen energy storage system, which integrates fast-response batteries with longer-duration hydrogen fuel cells. This hybrid system offers both rapid energy delivery and extended storage capabilities.
The VaultOS™ EMS platform is another key offering, providing real-time monitoring, operational control, and optimization scheduling. This platform enables customers to efficiently manage individual assets or entire fleets, minimizing operational costs and maximizing resource utilization.
Transforming Energy Storage
Through its pioneering gravity and kinetic energy storage technologies, Energy Vault is transforming the way energy is stored and distributed. The company’s solutions enable continuous availability of renewable energy and position themselves as viable competitors to fossil fuel-based power. By reducing reliance on coal-fired power and enhancing the efficiency of renewable energy use, Energy Vault is driving forward the global decarbonization agenda.
Energy Vault’s innovative approach not only supports sustainable energy practices but also contributes to a cleaner and more reliable energy future. With its diverse range of storage solutions and global project footprint, Energy Vault is redefining the possibilities of energy storage and distribution.