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Energy Vault develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. Their comprehensive offerings include proprietary gravity-based systems, battery storage, and green hydrogen energy technologies, all supported by a hardware-agnostic energy management software platform. By utilizing eco-friendly materials and enabling the integration of waste materials for beneficial reuse, Energy Vault's EVx™ gravity-based energy storage technology facilitates the shift to a circular economy. Founded in 2017 and headquartered in Lugano, Switzerland, the company collaborates with utilities, independent power producers, and large industrial energy users to deliver customized short and long-duration energy storage solutions, significantly reducing levelized energy costs while maintaining power reliability.
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