Saturday, March 7, 2026

We Have An Energy Storage Problem

An aerial photo of Hoover Dam with the Lake Mead reservoir behind. The white lines along the shore … [+] indicate the dropping water level of the reservoir as years of less than average rain fall have caused the lake to fall to record low levels. A drought alert has been issued by the Southern Nevada Water Authority based, in part, by the low water level in Lake Mead. (Photo by Christopher Morris/Corbis via Getty Images)
Corbis via Getty Images

Back in April, a company in which I’ve been interested in – Energy Vault NRGV, co-founded by Idealab’s Bill Gross – posted respectable quarterly earnings numbers after its first three months of operation as a public company.

I had the opportunity to speak with another of Energy Vault’s co-founders and CEO, Robert Piconi, and was impressed by his background as a multi-faceted builder of businesses.

An upcoming…

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