Gravity and kinetic energy storage startup Energy Vault and ‘thermal pumped hydro’ startup Malta Inc have both said this week that their technologies could be set for gigawatt-hour scale deployments.
Special purpose acquisition company (SPAC) Novus Capital Corporation II chose to merge with novel gravity and kinetic energy-based storage Energy Vault after receiving target proposals from more than 100 different firms.
Two startups seeking to disrupt the energy sector with novel long-duration energy storage technologies have formed partnerships with established industry players.
India is looking at gravity-based energy storage to take advantage of the technology’s short response times and flexibility when it comes to grid integration of clean energy sources.
Energy Vault, a Swiss maker of energy storage systems based around gravity, has made its technology commercially available, with India’s Tata Power expected to be the first customer.
