The first gravity energy storage project will be implemented

How does gravity energy storage work?

The firm’s technology works by raising weights in a deep shaft and releasing them when energy is required. The technology is similar to that employed by Switzerland-headquartered and NYSE-listed Energy Vault, whose CEO Robert Piconi provided an update to its first commercial gravity energy storage project in Rudong, China, in a shareholder letter.

Will Texas host the first gravitational storage facility in a Western country?

Texas is set to host the first gravitational storage facility in a Western country: it will be built by Energy Vault, a Swiss company that’s a pioneer in the case of this innovative technology.

Will a gravitational energy storage plant rise in a Western country?

From the agreement between Enel and Energy Vault, the first gravitational energy storage plant will rise in a Western country; an innovative and circular project.

What is gravity energy storage (GESS)?

The Switzerland and California-based company announced that it is entering the first phases of commissioning for its first commercial-scale gravity energy storage system (GESS). Slated to be fully grid-interconnected in Q4 2023, the gravity tower will mark the world’s first non-pumped hydro gravity-based storage facility.

What is Energy Vault's gravity energy storage system (GESS)?

The operating principle of Energy Vault's Gravitational Energy Storage System (GESS) is similar to that of pumped storage hydroelectric power plants.

Which energy storage project is under construction in China?

Another Energy Vault gravity energy storage project under construction in Zhangye City, Gansu Province, China. Image: Business Wire. Energy Vault has connected its first commercial EVx gravity-based energy storage system to the grid in China, while construction has been launched on three others, all-in-all totalling 468MWh of capacity.