According to Energy Vault, its technology enables renewable energy to be stored in 35-ton bricks and delivered as baseload power for less than the cost of fossil fuels at any time.
The global energy storage market is expected to reach 22.2 GW in 2023, from nearly 5 GW at the end of 2018, according to a GlobalData report.
. (Source: Softbank, greentechlead, 15 Aug., 2019)
Contact: Energy Vault, Robert Piconi, CEO, firstname.lastname@example.org, www.energyvault.ch
SoftBank Group, www.softbank.jp/en
More Low-Carbon Energy News Softbank, Energy Vault, Energy Storage,
The tie-up with Cemex will provide Energy Vault with a network to distribute its “storage towers”. Gonzalo Galindo, Cemex Venture’s chief executive, said: “Energy storage that enables power to be delivered for less than the cost of fossil fuels is critical as the world shifts away from its reliance on carbon-based fuels to renewable energy.
(Source: CEMEX, Global Construction Review, 20 May, 2019) Contact: Energy Vault, Robert Piconi, CEO, 1.626.535.2726,
CEMEX Ventures, CEMEX USA, Ignacio Madridejos, Pres., Megan Lawrence, (713) 722-1799, www.cemexusa.com
More Low-Carbon Energy News Energy Storage, Energy Vault, Cemex,