Energy Vault

About Energy Vault

Utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The company develops and deploys gravity-based energy storage solutions and is shifting to also selling batteries. The company's comprehensive solutions are designed to help utilities, independent power producers, and large industrial energy users significantly reduce their levelized cost of energy while maintaining power reliability.

Energy Vault's primary product is a gravity battery that stores energy by stacking heavy blocks made of composite material into a structure, capturing potential energy in the elevation gain of the blocks. The company also provides Energy Management Systems software for real-time monitoring, operational control, and optimized dispatch across an array of energy storage and generation assets.

Energy Vault's business model includes licensing its technology to partners, such as the 10-year, 30+ GWh licensee and royalty agreement with India's SPML Infra to manufacture and deploy the B-Vault Battery Energy Storage Technology Platform. The company is also involved in projects across North America and Africa.