Energy Vault Receives $110 Million From SoftBank For Gravity-Assisted Power Storage
The title of this post is the same as that of this article on Forbes.
Energy Vault is a company, that is developing gravity-assisted power storage.
You don’t invest £110million in a company, even if you are as rich as Softbank, unless you are certain, that you’ll get a return!
So I suspect Energy Vault may have a working system for storing energy
Read the article and see what your think! It also links to a video.
This is an interesting quote from the company.
We knew we needed to be around three to four cents levelized cost per kWh ($30 – $40 per MWh) to add to PV or wind in order to be competitive below fossil. This took a lot of innovation.
I shall be following the company.
No comments yet.
The Anonymous Widower 
Leave a comment