Energy Vault, a company specializing in energy storage solutions, has successfully connected its gravity energy storage system to the Chinese State Grid. This is a significant step for the company as China is the world's largest energy storage market.
The company has also begun construction on three more gravity energy storage systems in China. These projects are expected to generate revenue for Energy Vault as they are built and commissioned.
Energy Vault's technology is designed to support the balancing of China's national energy grid by storing and delivering renewable energy. The company is working with Chinese companies to deploy its technology in China.
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https://investors.energyvault.com/ne...s/default.aspx
https://au.investing.com/news/stock-...s-93CH-3137192