Energy-Storage.news caught up with Energy Vault CEO Robert Piconi to primarily discuss its gravity-based energy storage solution which, putting it mildly, has its fair share of sceptics.

Energy Vault will reveal new form factors to its EVx gravity-based energy storage solution which could deliver the “lowest cost of energy storage in the world”, CEO Robert Piconi claimed to Energy-Storage.news.

Energy Vault secured 2.8GWh of project orders in the first quarter of 2023 and revealed that it has invested in Kore Power, the US lithium-ion battery and BESS firm, though booked revenues fell 75%.

Gravitricity has partnered with firms in the US and Germany to deploy its gravity energy storage solution while Energy Vault has provided an update on its China project.

Gravity-based energy storage company Energy Vault expects US$680 million in combined revenue over 2022 and 2023, it claimed in its recent quarterly results.

Our UK colleagues spoke with some of the winners of the long-duration energy storage technology competition hosted by the government.

News in brief from around the world in energy storage.

News in brief from around the world in energy storage.

News in brief from around the world in energy storage.

While lithium-ion batteries get most of the headlines, long-duration solutions of various types are gaining ground. Alice Grundy and Andy Colthorpe profile some of the established and emerging concepts in this increasingly important field.