Singularity University: Energy Vault's First Grid-Scale Gravity Energy Storage System Is Near Complete
August 11, 2023
August 11, 2023
MOFFETT FIELD, California, Aug. 11 -- Singularity University issued the following news:
By Vanessa Bates Ramirez
Swiss startup Energy Vault came out of stealth mode in 2018, and has been on an upward trajectory since then. The company created a system to store electricity by elevating concrete blocks, and investors quickly jumped on board: Energy Vault raised $110 million from the SoftBank Vision Fund in 2019, and another $100 million led by Prime Movers Lab in 2021. It . . .
By Vanessa Bates Ramirez
Swiss startup Energy Vault came out of stealth mode in 2018, and has been on an upward trajectory since then. The company created a system to store electricity by elevating concrete blocks, and investors quickly jumped on board: Energy Vault raised $110 million from the SoftBank Vision Fund in 2019, and another $100 million led by Prime Movers Lab in 2021. It . . .