GESS

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

Retrieved on: 
Thursday, February 29, 2024

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

Retrieved on: 
Thursday, January 25, 2024

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

Retrieved on: 
Friday, December 1, 2023

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

Retrieved on: 
Monday, November 6, 2023

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

Retrieved on: 
Monday, September 11, 2023

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

Retrieved on: 
Tuesday, August 1, 2023

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

Retrieved on: 
Tuesday, May 9, 2023

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/ .

Energy Vault Responds to Inaccurate and Misleading Short Seller Report

Retrieved on: 
Thursday, December 8, 2022

Confusing MW with MWh has led the short seller to make incorrect assumptions regarding Energy Vaults awarded projects conflating projects announced by third parties that reflect capacity (MW), including the project identified in the short report, with Energy Vaults announcements of awarded projects for energy storage (MWh).

Key Points: 
  • Confusing MW with MWh has led the short seller to make incorrect assumptions regarding Energy Vaults awarded projects conflating projects announced by third parties that reflect capacity (MW), including the project identified in the short report, with Energy Vaults announcements of awarded projects for energy storage (MWh).
  • The project in Poland identified by the short seller is not the project previously disclosed by Energy Vault.
  • The short seller once again evidences their misunderstanding of the energy storage market by confusing MW with MWh.
  • Energy Vault develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage.

CLASSERA CLOSES ONE OF THE LARGEST EDTECH SERIES A GLOBALLY, A $40M ROUND LED BY SANABIL

Retrieved on: 
Thursday, October 27, 2022

The round also mark's the largest funding round ever in Edtech, in MENA and most of Africa.

Key Points: 
  • The round also mark's the largest funding round ever in Edtech, in MENA and most of Africa.
  • The round was led by Sanabil Investments, wholly owned company by Public Investment Fund ("PIF"), accompanied by Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures.
  • The round additionally included a diverse set of investors from Silicon Valley, emerging markets, and global family offices.
  • Classera is the largest Edtech company in MENA and most of sub-Saharan Africa, educating millions of learners in over 30 countries.

CLASSERA CLOSES ONE OF THE LARGEST EDTECH SERIES A GLOBALLY, A $40M ROUND LED BY SANABIL

Retrieved on: 
Thursday, October 27, 2022

The round also mark's the largest funding round ever in Edtech, in MENA and most of Africa.

Key Points: 
  • The round also mark's the largest funding round ever in Edtech, in MENA and most of Africa.
  • The round was led by Sanabil Investments, wholly owned company by Public Investment Fund ("PIF"), accompanied by Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures.
  • The round additionally included a diverse set of investors from Silicon Valley, emerging markets, and global family offices.
  • Classera is the largest Edtech company in MENA and most of sub-Saharan Africa, educating millions of learners in over 30 countries.