Switzerland’s Energy Vault will support Indian state-run power producer NTPC by deploying its gravity-based energy storage technology and software solutions. May 2, 2022 pv magazine The EVx energy storage tower lifts composite blocks with electric motors.Energy VaultFrom pv magazine IndiaIndian utility NTPC Ltd. wants to deploy Switzerland-based Energy Vault’s EVx gravity-based energy storage technology and software solutions to support its clean energy initiatives.The two parties recently signed a memorandum of understanding (MoU) to forge a long-term strategic partnership. NTPC will deploy Energy Vault’s EVx gravity-based energy storage technology and software solutions based on the outcome of a joint feasibility study.Energy Vault’s EVx storage system is comparable to pumped hydro, using grid-scale renewable energy when supply is abundant to drive motors and raise…
Energy Vault signs deal with India for gravity-based energy storage – pv magazine Australia
