Energy Vault Holdings Inc (NRGV) Quote

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nice one $nrgv
https://schrts.co/zYWknZeN Energy Vault unveils partnership with Burj Khalifa designer for gravity storage in skyscrapers
June 7, 2024 by Geordie Torr

https://engineering-designer.com/energy-vault-unveils-partnership-with-burj-khalifa-designer-for-gravity-storage-in-skyscrapers/



Grid-scale energy storage company Energy Vault Holdings and architecture and engineering firm Skidmore, Owings & Merrill (SOM) have announced the formation of a global exclusive gravity energy storage partnership.

SOM is responsible for designing many of the world’s best-known and tallest buildings, including Burj Khalifa, Tianjin CTF Finance Centre, Willis Tower and One World Trade Center. As part of the new partnership, it will be the exclusive architect and structural engineer for the next generation of fixed frames and deployable structures for all new Energy Vault gravity energy storage systems (GESSs), including incorporating gravity energy storage technology into tall buildings in urban environments and deployable structures in natural environments, to maximise sustainability, accelerate carbon payback and lower the levelised cost of energy consumption. During the past year, Energy Vault began working with SOM to optimise the structure, architecture and economics of its GESS technology.

NRGV.....................https://stockcharts.com/h-sc/ui?s=NRGV&p=W&b=5&g=0&id=p86431144783

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Energy Vault Holdings, Inc., formerly Novus Capital Corporation II, develops sustainable, grid-scale energy storage solutions. The Company is engaged in developing gravity-based energy storage technology. It also designs energy management software based on artificial intelligence (AI), advanced optimization algorithms designed to control and optimize entire energy systems and provide an energy storage integration platform suitable for storage technologies of various durations. Its gravity-based systems are designed using crane/elevators and motor/generator infrastructure to orchestrate autonomously balanced net energy storage and energy distribution by using motor/generators to lift and lower mobile masses. Its storage solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and dispatch power. Energy Vault solutions act as a stand-alone energy storage solution to achieve power reserves for any energy generation source.