Leading grid-scale energy storage solutions provider, Energy Vault Holdings Inc., (Energy Vault) earlier in May announced that it has completed the testing and commissioning of the Rudong EVx, the world's first commercial-scale gravity energy storage system (GESS).
The testing included the successful charging and discharging of units of the 25MW/100 MWh GESS. In addition, Energy Vault also announced the extension of its EVx licensing agreement with Atlas Renewable from 7.5 years to 15 years. The Rudong EVx GESS is invested in and built by China Tianying Co. Ltd (CNTY) in partnership with Energy Vault and Atlas Renewable.