GESS

Energy Vault and Skidmore, Owings & Merrill (SOM) Announce Exclusive Global Gravity Energy Storage Partnership to Integrate Energy Storage into Building Design

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Giovedì, Maggio 30, 2024
Commercial Building & Real Estate, Manufacturing, Construction & Property, Building Systems, Architecture, Other Energy, Utilities, Other Manufacturing, Alternative Energy, Environment, Energy, GESS, Partnership, Structure, Economics, Water, African, Wind, Energy Vault, Tianjin CTF Finance Centre, Evy, COP, Kilowatt-hour, City, Conference, Engineering, Carbon, Willis Tower, SOM, Structural engineer, Southern African Development Community, EVC, European, Public expenditure, Multimedia, Skidmore, Owings & Merrill, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and Skidmore, Owings & Merrill (SOM), a leading architecture and engineering firm, today announced a global exclusive gravity energy storage partnership.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and Skidmore, Owings & Merrill (SOM), a leading architecture and engineering firm, today announced a global exclusive gravity energy storage partnership.
  • These structures will have the capacity to reach multi-GWh of gravity-based energy storage to power not only the building itself but also adjacent buildings’ energy needs.
  • “Our strategic partnership with SOM opens a new multi-billion dollar market segment for Energy Vault focused on the future of sustainability in new building design and energy efficiency.
  • In 2023, Energy Vault announced the commissioning of the world’s first EVx™ gravity storage system in China, the largest energy storage market in the world.

Energy Vault Reports First Quarter 2024 Financial Results

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Mercoledì, Maggio 8, 2024
Alternative Energy, Energy, Other Energy, Utilities, Safety, Atlas, GESS, BESS, Wind, PG&E, NV Energy, IPP, Energy Vault, GAAP, Cryptocurrency

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2024.
  • “In the first quarter of 2024, the Energy Vault team continued to execute on the most important priority set at the beginning of 2023 – deployments of our first energy storage projects across multiple customers delivered on time, on budget and at the quality, safety and performance levels that meet or exceed our customer expectations,” said Robert Piconi, Chairman and CEO of Energy Vault.
  • In lieu of hosting a dedicated financial results conference call, Energy Vault will discuss the latest quarterly results and wider financial and operational updates at its inaugural Investor & Analyst Day on Thursday, May 9, 2024 at 9:00 AM ET at the New York Stock Exchange.
  • Key members of the Energy Vault executive team will be present, including Robert Piconi (Chairman and CEO), and Michael Beer (Chief Financial Officer).

Energy Vault Announces Successful Testing and Commissioning of First EVx 100 MWh Gravity Energy Storage System by China Tianying, Extension of Atlas Renewable Licensing Agreement to 15 Years

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Martedì, Maggio 7, 2024
Other Energy, Utilities, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Overhead power line, Aircraft, Atlas, GESS, Partnership, Carbon, Kilowatt-hour, NEA, Rudong County, Classification, Multimedia, Energy Vault, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVx™ gravity energy storage system (GESS) by China Tianying Co., Ltd (CNTY).

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVx™ gravity energy storage system (GESS) by China Tianying Co., Ltd (CNTY).
  • Testing included the successful charging and discharging of units of the 25 MW/100 MWh GESS invested in and built by CNTY in partnership with Energy Vault and Atlas Renewable.
  • View the full release here: https://www.businesswire.com/news/home/20240507725790/en/
    The first set of charging and discharging units of the Rudong 100MWh gravity energy storage project was successfully tested.
  • “This testing demonstrates that gravity energy storage technology promises to play a key role in supporting the energy transition and decarbonization goals of China, the world’s largest energy storage market.

Energy Vault Announces China State Grid Interconnection of First EVx 100 MWh Gravity Energy Storage System, Groundbreaking of Three Additional EVx Gravity Storage Systems and Other China Market Expansion Milestones

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Giovedì, Febbraio 29, 2024
Utilities, Sustainability, Alternative Energy, Batteries, Energy, Technology, Commercial Building & Real Estate, Construction & Property, Environment, Semiconductor, Green Technology, Engineering, Manufacturing, Multimedia, Energy Vault, Overhead power line, NEA, Classification, Aircraft, GESS, Kilowatt-hour, Renewable energy

The latter two projects were previously announced alongside four other deployments in China, and are being built adjacent to renewable energy generation and national grid interconnection sites.

Key Points: 
  • The latter two projects were previously announced alongside four other deployments in China, and are being built adjacent to renewable energy generation and national grid interconnection sites.
  • Upon completion, the systems will augment and support ongoing balancing of China’s national energy grid through the storage and delivery of renewable energy.
  • These energy storage durations are expected to increase over time as more renewable energy generation becomes a larger percentage of grid power.
  • “I am pleased to see the increased market adoption of Energy Vault’s gravity energy storage technology in China, the world’s largest energy storage market supported by the new project groundbreaking announcements and other milestones within China’s national energy policy framework for energy storage,” said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault.

Energy Vault Expands Global Footprint for Gravity Energy Storage with 10 Year License and Royalty Agreement Covering Southern Africa

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Giovedì, Gennaio 25, 2024
Technology, Engineering, Other Energy, Utilities, Manufacturing, Coal, Batteries, Alternative Energy, Energy, Environment, Mining, Minerals, Sustainability, Natural Resources, Green Technology, Hydrogen, Project engineering, WBO, Life, Multimedia, Electricity, Kilowatt-hour, Democratic republic, GESS, Eskom, EPC, Software, Quality of life, Carbon, EMS, Acceleration, Green hydrogen, Energy Vault, Congo, Sustainable development, Economic development, Plant, Regional Economic Communities, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that it has signed a new licensing and royalty agreement in the Southern African Development Community (SADC) region.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that it has signed a new licensing and royalty agreement in the Southern African Development Community (SADC) region.
  • In addition to the technology licensing revenue, Energy Vault will receive a project revenue royalty over the complete operating life of each project, including software and maintenance revenues.
  • “Southern Africa is a rapidly developing region with increasing energy demand, which historically has been met with coal-fired plants.
  • Energy Vault’s expansion into Southern Africa represents the company’s strong global momentum with its gravity energy storage portfolio into another large and growing energy storage market.

Prem Rawat Achieves Another Guinness World Record for Attendance

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Venerdì, Dicembre 1, 2023
Disaster, Value of life, Prem Rawat, Peace education, Food, Hope, Candid (organization), Guinness, Lecture, Charity Navigator, Student, LOS, GESS, Value, The New York Times, TPRF, University, Exhibition, Guinness World Records, Volunteering, Life, Prem, Education, Nursing, Tourism, Entertainment

LOS ANGELES, Dec. 1, 2023 /PRNewswire-PRWeb/ -- On November 26, 2023, Prem Rawat presented a lecture titled "Understanding the Value of Life: Know Thyself" to an audience of 375,603 people, setting a new world record for the "largest attendance at a single lecture."

Key Points: 
  • Prem Rawat presented a lecture titled "Understanding the Value of Life: Know Thyself" to an audience of 375,603 people, setting a new world record for the "largest attendance at a single lecture."
  • This is the second Guinness World Record that Prem Rawat has achieved.
  • LOS ANGELES, Dec. 1, 2023 /PRNewswire-PRWeb/ -- On November 26, 2023, Prem Rawat presented a lecture titled "Understanding the Value of Life: Know Thyself" to an audience of 375,603 people, setting a new world record for the "largest attendance at a single lecture."
  • This is the second Guinness World Record that Prem Rawat has achieved.

Energy Vault Announces Five Additional EVx™ Gravity Energy Storage System Deployments in China

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Lunedì, Novembre 6, 2023
Environment, Commercial Building & Real Estate, Construction & Property, Other Energy, Utilities, Sustainability, Building Systems, Green Technology, Energy, Other Construction & Property, Vehicle registration plates of Nepal, Mining, NYSE, Government, Coal, Kilowatt-hour, Courage, Carbon, Wind, GESS, Multimedia, Software, Growth, COVID, Partnership, Energy Vault, Cost, Renewable energy, Electric battery, Property management, Rudong County

View the full release here: https://www.businesswire.com/news/home/20231106358821/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231106358821/en/
    The Rudong EVx system (25 MW, 100 MWh, +35 years technical life) will be the world’s first commercial, grid-scale gravity energy storage system that offers an alternative to long technical life energy storage assets like pumped hydro plants, currently representing ~90% of global energy storage capacity.
  • (Photo: Business Wire)
    Chairman of China Tianying, Mr. Yan Shengjun, stated, “Energy Vault’s innovative gravity energy storage technology is seeing strong demand in China because of the long life of these assets and the significant local economic content that helps meeting the state-mandated energy storage requirements accompanying the rapid growth of China’s renewable energy deployments.
  • Most recently, this has been satisfied with lithium-ion battery technology to complement the significant installed base of pumped hydroelectric storage in China.
  • Pending the final state grid interconnection and homologation formal processes, Energy Vault’s EVx will be the world’s first commercial, utility scale non-pumped hydro gravity energy storage system.

Energy Vault to Present Full Suite of Sustainable Energy Storage Solutions at 2023 RE+ Conference

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Lunedì, Settembre 11, 2023
Environment, Utilities, Sustainability, Alternative Energy, Green Technology, Energy, Venetian, Maintenance, PSPS, Risk management, Intelligence, Erongo Battery Energy Storage System, AC, Energy Vault, PG, Vault, GESS, EMS, RE, Architecture, AI, ROI, Conference, NYSE, Energy management system, BESS, Software, Renewable energy, Video game

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, will be presenting its full suite of sustainable energy storage solutions and products at the RE+ conference in Las Vegas, Nev. from September 12-14, 2023, at The Venetian Convention & Expo Center.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, will be presenting its full suite of sustainable energy storage solutions and products at the RE+ conference in Las Vegas, Nev. from September 12-14, 2023, at The Venetian Convention & Expo Center.
  • Energy Vault representatives will brief RE+ attendees on the Company’s transformative energy storage hardware, software and solutions designed to meet customers’ unique needs for short, long, and ultra-long duration energy storage.
  • With modern architecture, Energy Vault’s tech stack unlocks the value of energy storage solutions by continuously optimizing grid integration as use cases evolve over time.
  • B-VAULT™ – Engineered to meet short duration energy storage needs, B-VAULT™ is a suite of fully integrated Battery Energy Storage Systems (BESS) designed for reliability, flexibility and availability.

Energy Vault Announces Commencement of Commissioning of World’s First EVx™ Gravity Energy Storage System

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Martedì, Agosto 1, 2023
Environment, Commercial Building & Real Estate, Construction & Property, Other Energy, Utilities, Sustainability, Building Systems, Green Technology, Energy, Other Construction & Property, Electronics, Policy, National Development and Reform Commission, RTE, Compressed air, Multimedia, COVID, Energy Vault, Carbon, Wind, GESS, Vehicle registration plates of Nepal, Climate change, NYSE, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced, along with its partners Atlas Renewable and China Tianying (CNTY), that the world’s first grid-scale EVx™ gravity energy storage system (GESS) has entered the first phases of commissioning.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced, along with its partners Atlas Renewable and China Tianying (CNTY), that the world’s first grid-scale EVx™ gravity energy storage system (GESS) has entered the first phases of commissioning.
  • The system is expected to be fully grid interconnected in Q4 as planned with local state grid authorities, making EVx the world’s first commercial, utility scale non-pumped hydro gravity energy storage system.
  • While this represents a significant milestone, our work in China is just beginning given recent local announcements of multi-GW hours of gravity energy storage buildouts, including projects announced in 2022 supporting China’s “Zero-carbon parks” initiative with Energy Vault’s gravity energy storage technology.
  • The document highlights the substantial surge in demand for renewable energy sources and emphasizes the indispensable role of gravity energy storage in the crucial mission of global decarbonization.

Energy Vault Reports First Quarter 2023 Earnings Results

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Martedì, Maggio 9, 2023
Other Energy, Environment, Utilities, Sustainability, Alternative Energy, Energy, Kore, Quanta, Partnership, Siemens Financial Services, Quanta Services, Q&A, Energy management software, Pacific Gas and Electric Company, CPUC, NV Energy, PG, Energy Vault, IRA, GESS, PCG, EMS, Inflation, Honeywell, The Electric Company, EBITDA, California Public Utilities Commission, COD, Kilowatt-hour, Growth, Inflation Reduction Act of 2022, PG&E, Public utilities commission, NYSE, Safety, BESS, Legislation, Renewable energy, Electric battery

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2023.
  • Energy Vault will host a conference call today, May 9, 2023 at 4:30 PM ET to discuss the results, followed by a Q&A session.
  • To access the call, participants may dial 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault earnings call.
  • The call will also be available for replay via webcast link on the Investors portion of the Energy Vault website at https://www.energyvault.com/ .