About Energy Vault

Energy Vault is a Swiss-based, global technology company and creator of the world’s first economical, utility-scale gravity-based energy storage system (GESS) that is not dependent on land topography or underground geology.

Energy Vault’s transformative energy storage technology enables renewables to deliver – for the first time – around-the-clock baseload power for less than the cost of existing, full amortized fossil fuel plants. Our ready-to-deploy storage solution combines the principles that underpin traditional gravity-based pumped hydro plants with a revolutionary system design that includes a 6-arm crane and 7,000 composite bricks, all orchestrated with a proprietary, machine vision AI-software platform that autonomously manages the movement of the bricks to charge/discharge electricity.

Energy Vault’s commitment to sustainability is reflected in its design which uniquely utilizes industrial waste (i.e. coal ash/ wind blades) converted to beneficial use materials for 95% of the system’s brick materials. Energy Vault has a technology partnership with CEMEX to design the proprietary composite material for Energy Vault’s storage tower mobile masses. Please refer to the following videos for more information on this relationship.

Key Facts

Website
energyvault.com
Established
2017
Headquarters
Ticino, Switzerland
Company Type
Manufacturing/Supply
Company Specialty
Building Systems, Energy Products, HVAC

Research

2021 Building Tech 50 List

2019 Venture Investors 50 List