The Anonymous Widower

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.

September 1, 2019 - Posted by | Energy Storage | ,

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