Energy Vault Holdings Inc (NRGV) Sector
Energy

(Current) $1.75
0.07 (4.17%) Open Price: 1.77

 

Energy Vault Holdings Inc. is a company that specializes in advanced energy storage solutions through its innovative gravity-based technology. The company was founded in 2017 by Robert Piconi and Anton van de Putte and is headquartered in Lausanne, Switzerland. Energy Vault's mission is to address the increasing demand for reliable, sustainable, and cost-effective energy storage systems.

 

Energy Vault's flagship product is the Energy Vault Tower, which uses the principles of gravity and advanced software systems to store and release electricity. The tower consists of a massive concrete structure and a series of specially designed composite bricks. When excess electricity is available, the system uses this energy to lift the bricks to a higher position, thereby storing potential energy. When electricity is needed, the bricks are lowered, and the potential energy is converted back into electricity through a generator.

 

The Energy Vault's technology shines due to its scalability and versatility. The system can be customized to meet the specific energy storage requirements of various applications, ranging from utility-scale projects to industrial facilities and commercial buildings. The modular design allows for easy integration into existing power grids and can provide reliable and clean energy solutions in both grid-connected and off-grid scenarios.

 

Energy Vault's gravity-based energy storage technology has garnered significant attention and recognition in the energy industry. The company has received several awards and accolades for its innovative approach to energy storage, including being named a World Changing Idea by Fast Company in 2019. Energy Vault has also formed strategic partnerships and collaborations with leading energy companies and investors to further develop and commercialize its technology.

 



 

(03/01/24) $1.77
(03/02/24) $1.68
(03/02/24) (Qty.)605,578
(03/01/24) $1.65
(03/01/24) $1.83
(02/04/24) $1.35
(07/09/23) $3.55
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