Energy Vault Funding Breathes Life Into Gravity Storage

By [email protected] The speculative field of gravity-based energy storage got a boost recently with news of a strategic investment and new patents.

Swiss-U.S. startup Energy Vault, one of the most high-profile gravity storage players to date, secured financial backing from Cemex Ventures, the corporate venture capital unit of the world’s second-largest building materials giant, and a pledge to help with deployment through Cemex’s “strategic network.”

Meanwhile, the University of Nottingham and the World Society of Sustainable Energy Technologies confirmed the filing of patent applications for a concept called EarthPumpStore, which uses abandoned mines as gravity storage assets.

Implementing the technology across 150,000 disused open-cast mines

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