Energy Vault is the creator of gravity and kinetic energy based, long-duration energy storage solutions that are transforming the world’s approach to delivering reliable and sustainable electricity. Watch our 3D video simulation of our tower in action. 3D Video Link
To learn more, Co-Founder and CEO, Rob Piconi discusses how new financing will accelerate growth and rapid global deployment of our transformative technology. SoftBank Video Link
Energy Vault has created the world’s only cost-effective, utility-scale gravity-based energy storage system that is not dependent on land topography or specific geology underground.
Compared to incumbent stationary energy storage solutions – most notably chemical batteries – Energy Vault provides a sustainable alternative that does not degrade over the life of the project and has competitive performance with round-trip efficiency between 80 to 90% – all at a significantly lower initial CapEx and levelized cost per kilowatt-hour price point.