Let’s talk about something fascinating happening in the energy storage sector. Energy Vault, traditionally known for its gravity-based energy storage solutions, is upping the ante in a big way. They’re not just making waves with their technology anymore; they’re diving headfirst into owning energy storage projects and launching project financing. This move is not just a growth strategy—it’s a bold statement of confidence in their technology and its market viability.
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Energy Vault and Enervest Announce Agreement for 1.0 GWh Energy Storage Project for the Stoney Creek Battery Energy Storage System in New South Wales, Australia