China is making unprecedented advancements in the #RenewableEnergy sector, currently constructing nearly twice as much wind and solar power as the rest of the world combined. According to a recent report by Global Energy Monitor (GEM), China is solidifying its leadership in global renewable energy production. Key Highlights: • 339GW of wind and solar power under construction • 180GW of utility-scale solar and 159GW of wind power projects underway • On track to achieve 1,200GW of installed wind and solar capacity by the end of 2024, surpassing the target by six years This growth is driven by robust government support and a strategic focus on green manufacturing. Between March 2023 and March 2024, China installed more #SolarPower than in the previous three years combined, outpacing the rest of the world in 2023. While these achievements are impressive, the report also emphasizes the need for enhanced storage solutions and grid flexibility to efficiently harness the increasing volume of #CleanEnergy. The government’s recognition of this challenge, reflected in significant investments in grid-connected batteries and other technologies, is a testament to its commitment to sustainable development. At Energy Vault, we are dedicated to contributing to this green revolution by providing cutting-edge gravity #EnergyStorage systems that, when combined with advanced materials science and machine-vision software, autonomously coordinate balanced storage and dispatch of electricity for grid-scale applications. As China continues to lead the way in renewable energy, #EnergyVault remains committed to supporting these efforts and driving global progress towards a cleaner, greener future with our innovative long-duration energy storage solutions. Learn more about our solutions: https://hubs.la/Q02H8k130 Read more from The Guardian: https://hubs.la/Q02H8grl0 #RenewableEnergy #China #WindPower #SolarPower #Sustainability #EnergyVault #CleanEnergy #GreenFuture #EnergyStorage #EVx
Energy Vault
Renewable Energy Semiconductor Manufacturing
Westlake Village, California 25,306 followers
$NRGV Listed NYSE ©️ 2023 Energy Vault, Inc. All Rights Reserved.
About us
Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s EVx™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.
- Website
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http://www.energyvault.com
External link for Energy Vault
- Industry
- Renewable Energy Semiconductor Manufacturing
- Company size
- 51-200 employees
- Headquarters
- Westlake Village, California
- Type
- Public Company
- Founded
- 2017
- Specialties
- Energy, Storage, and Renewable Energy Storage
Locations
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Primary
Westlake Village, California, US
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Lugano, Ticino, CH
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Vienna, Virginia, US
Employees at Energy Vault
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Eric Fang
Investing into Renewable Energy, Manufacturing Technology, Supply Chain, AI Application and Biotech
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Aditya Singh
Engineer, Company builder, Venture Investor, General Partner
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Robert Piconi
Chairman of the Board and Chief Executive Officer at Energy Vault Holdings
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Gonca Icoren
Updates
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Energy Vault will release our earnings results for the second quarter ended June 30, 2024, on Tuesday, August 6, 2024. Following the release, we will host a conference call at 4:30 PM ET to discuss these results in detail. Date: Tuesday, August 6, 2024 Time: 4:30 PM ET Call-in Details: • U.S. Participants: 1-844-826-3033 • International Participants: 1-412-317-5185 • Request to join the Energy Vault Holdings earnings call For those unable to attend the live call, a telephonic replay will be available shortly after the conclusion of the call and until Tuesday, August 20, 2024. Replay Details: • U.S. Participants: 1-844-512-2921 • International Participants: 1-412-317-6671 • Access Code: 10190406 An archived replay of the call will also be available on the investors section of the Energy Vault website at Energy Vault Investors. https://hubs.la/Q02GKPcY0 We look forward to sharing our latest financial results and insights with you. Thank you for your continued support. #EnergyVault #EarningsCall #FinancialResults #SustainableEnergy #GridScaleStorage
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Energy Vault reposted this
Vice President of Sales- Asia Pacific at Energy Vault Specializing in Renewable Energy Solutions | Global EMBA from Monash University
Exciting times for South Australia’s clean energy future! 🌱 Congratulations to ElectraNet Pty Ltd on their forward-thinking assessment of grid-scale Battery Energy Storage Systems (BESS) locations. BESS play a crucial role in the energy transition, ensuring the stability and efficiency of our renewable energy supply. We at Energy Vault look forward to discussing potential collaborations and opportunities at BESS in South Australia! #EnergyTransition #CleanEnergy #RenewableEnergy #BESS #SouthAustralia #EnergyVault #NRGV
We are excited about the #energytransition and aligned with our corporate vision of Energising South Australia’s Clean Energy Future, ElectraNet Pty Ltd has today released an assessment of grid scale Battery Energy Storage Systems (#BESS) locations on or adjacent to our electricity transmission network in #SouthAustralia. BESS are critical to facilitate the #energytransition, supporting variable renewable energy in managing supply and demand. Contact us today to discuss BESS in #SouthAustralia! https://lnkd.in/gnfVje5d
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Read more about Energy Vault's strategic partnership with Skidmore, Owings & Merrill (SOM), the architectural firm behind iconic skyscrapers like the Burj Khalifa. This collaboration aims to transform skyscrapers into massive energy storage systems, a groundbreaking concept in #RenewableEnergy. The Nikkei Business Publications article, featuring insights from our CEO Robert Piconi and SOM’s design vision, highlights this innovative project. By utilizing Gravity Energy Storage Systems (GESS), we can convert skyscrapers into “batteries,” harnessing potential energy to generate electricity. This pioneering technology not only addresses the challenge of storing electricity efficiently but also leverages SOM’s expertise in designing and managing the world’s tallest structures. This partnership marks a significant step forward in our mission to create #sustainable energy solutions. We’re excited to see the potential of this revolutionary approach and its impact on the future of #EnergyStorage. Read the full article by Sho Shimazu for more details: https://hubs.la/Q02GnT5Z0 #EnergyStorage #RenewableEnergy #Sustainability #Innovation #EnergyVault #SOM #GESS #CleanEnergy
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Energy Vault reposted this
Skidmore, Owings & Merrill (SOM) and Energy Vault are partnering on the next generation of gravity-based energy storage systems, including composite weighted blocks and pumped hydro.
SOM, Energy Vault Enter Partnership on Gravity-Based Energy Storage
enr.com
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China's rapid expansion in renewable #EnergyStorage is setting new records, with 22.7GW/48.7GWh installed in 2023 alone. This growth highlights China's leadership in the global #EnergyTransition. However, such rapid expansion calls for advanced solutions to optimize the efficiency and performance of these storage systems. In 2024, global energy storage is expected to exceed 100 gigawatt-hours of new capacity for the first time, with significant contributions from China's growth, reaffirming its position as the largest energy storage market globally. At #EnergyVault, we are at the forefront of addressing these needs with our short, long, and ultra-long duration #EnergyStorage solutions. Our partnership with China Tianying Inc. (CNTY) demonstrates our commitment to supporting China’s energy goals. Our extended 15-year licensing agreement with Atlas Renewable and the ongoing deployment of over 3.7GWh of additional EVx GESS projects across China underscores our dedication to delivering high-performance, reliable, and efficient energy storage solutions. By focusing on innovation and quality, Energy Vault is helping to ensure that China’s #RenewableEnergy systems are both flexible and sustainable. Energy Vault’s gravity energy storage technology is designed to enhance the flexibility and efficiency of power systems, ensuring that renewable energy can be effectively integrated and utilized. This commitment to cutting-edge solutions positions us as a key player in supporting China’s ambitious #decarbonization targets. We are proud to contribute to the clean energy future with our advanced storage technologies, helping to create a resilient and #sustainable energy landscape in China and beyond. Read more from Wood Mackenzie : https://lnkd.in/gFMu4gR3 And more from BloombergNEF : https://lnkd.in/dx2i5jJc #EnergyStorage #RenewableEnergy #Sustainability #EnergyVault #China #Innovation #CleanEnergy #Decarbonization #ClimateAction #GridScaleStorage
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Energy Vault reposted this
Vice President of Sales- Asia Pacific at Energy Vault Specializing in Renewable Energy Solutions | Global EMBA from Monash University
Exciting times for South Australia’s clean energy future! 🌱 Congratulations to ElectraNet Pty Ltd on their forward-thinking assessment of grid-scale Battery Energy Storage Systems (BESS) locations. BESS play a crucial role in the energy transition, ensuring the stability and efficiency of our renewable energy supply. We at Energy Vault look forward to discussing potential collaborations and opportunities at BESS in South Australia! #EnergyTransition #CleanEnergy #RenewableEnergy #BESS #SouthAustralia #EnergyVault #NRGV
We are excited about the #energytransition and aligned with our corporate vision of Energising South Australia’s Clean Energy Future, ElectraNet Pty Ltd has today released an assessment of grid scale Battery Energy Storage Systems (#BESS) locations on or adjacent to our electricity transmission network in #SouthAustralia. BESS are critical to facilitate the #energytransition, supporting variable renewable energy in managing supply and demand. Contact us today to discuss BESS in #SouthAustralia! https://lnkd.in/gnfVje5d
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Energy Vault reposted this
Friends and Colleagues, I am thrilled to announce that I have joined Energy Vault's Executive Leadership Team, where I will be driving Global Sales. Energy Vault has captured my imagination with its innovative, solution-based offerings that meet the ever-growing global demand for energy. Whether it's addressing unique regional requirements, navigating space constraints, or satisfying the insatiable demand from generative AI and hyper-scalers, Energy Vault provides tailored solutions that rise to the occasion. I am energized by the opportunity to align these solutions with our customer’s needs to help shape the future of energy. Our mission is clear: to counter the regression towards legacy fossil fuel solutions and to advance the adoption of smart, clean, and renewable energy platforms. Thank you to Robert Piconi and Marco Terruzzin for this incredible opportunity to partner in addressing these challenges. I am deeply grateful for my time at Powin. I hold the team there in the highest regard and thank them for their unwavering support throughout my journey. #energyvault #energystorage #NRGV #energytransition #hydrogen #LFP #gravity
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The future of energy is undeniably renewable, but the path to a #sustainable energy grid requires addressing the intermittency of #renewable sources. Meeting Renewable Energy Goals: On any given day, a portion of the world’s energy comes from renewable sources like wind and solar. However, to meet global Net Zero targets, we must expand our #RenewableEnergy capacity rapidly. The Challenge of Intermittency: Renewable energy is clean and unlimited, but its biggest challenge is intermittency. Traditional electricity grids were designed for fossil-based generation, which can be dispatched on demand. As we increase the share of variable renewable energy in our grids, we need to adopt new, flexible solutions to manage the supply and demand balance. At Energy Vault, we are pioneering long duration #EnergyStorage with cutting-edge technology. Our gravity energy storage systems combine advanced materials science and machine-vision software to autonomously coordinate balanced storage and dispatch of electricity for grid-scale applications. Our systems help smooth out the variations between energy supply and demand, reduce volatility, and support the stability of the electricity grid. By storing excess energy during peak production times and releasing it when needed, our solutions ensure a consistent and reliable energy supply. Our systems are essential for maintaining #GridStability, preventing blackouts, and keeping our communities safe. We are committed to working with industry partners, governments, and regulators to drive innovation and integrate renewable energy into our national grids. To learn more about our renewable energy product and solution mix, visit our website here: https://hubs.la/Q02FBdJL0 Together, we can create a resilient and reliable renewable energy grid that powers a sustainable future for all. #NetZero #LongDurationStorage #Innovation #GridStability #EnergyVault #FutureOfEnergy #ClimateAction #RenewableSolutions #GreenEnergy #SustainableFuture
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As Northern California faces the threat of power shutoffs due to extreme fire danger, the importance of resilient and reliable #EnergySolutions has never been clearer. There is an urgent need for innovative energy storage systems to safeguard our communities from the impacts of wildfires. High winds can cause tree branches and debris to contact energized electric lines and potentially lead to a wind-driven wildfire. As a result, there is a chance that may cause power to be turned off during severe weather. This is called a Public Safety Power Shutoff, or PSPS. The sole focus of a #PSPS is to keep customers safe. #EnergyVault is proud to support the Calistoga community with the Calistoga Resiliency Center through a hybrid energy storage facility that combines hydrogen fuel cells and lithium-ion batteries to provide 48 hours of continuous carbon-free energy. Designed to operate independently during PSPS events, the Calistoga Resiliency Center ensures that critical facilities and the local community remain powered even during extreme weather conditions: https://lnkd.in/gSCS7jnV Our partnership with Pacific Gas and Electric Company to build and operate this facility reflects a shared commitment to achieving a #NetZero energy system by 2040. The Calistoga Resiliency Center not only replaces the use of mobile diesel generators but also sets a new standard for utility-scale energy storage solutions. Managed by our advanced VaultOS™ Energy Management System, this project exemplifies how innovative technologies can enhance grid reliability and support community resilience #EnergyStorage #Resiliency #RenewableEnergy #WildfirePrevention #SustainableFuture #EnergyVault https://hubs.la/Q02Fqyvg0
Potential power shutoffs for fire danger expanded to 10 Northern California counties, PG&E says
energycentral.com