Energy Vault

Startup name

Energy Vault

Country

Switzerland

Idea description

Swiss startup Energy Vault

Energy Vault develops sustainable energy storage solutions that are changing the way the world approaches utility-scale energy storage for grid resilience. The patented energy management system software and gravity-based energy storage technology are designed to help utilities, independent power producers and large industrial energy users significantly reduce the levelized cost of energy while maintaining power reliability.

Using environmentally friendly materials with the ability to integrate waste for beneficial reuse, Energy Vault accelerates the transition to a circular economy and a fully renewable world.

Industry

  • Energy storage

Technology

The startup develops energy storage technology that provides round-the-clock base power from intermittent renewable energy sources such as solar and wind power.