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Gravity-Based Energy Storage Hits the Market
Renewable Energy World: Earlier this month, Energy Vault, an Idealab company, announced the commercial availability of its energy storage solution that is based on the principles that underpin traditional gravity-based pumped hydro plants.
Energy Vault said in a press release that its new technology combines physics fundamentals of potential and kinetic energy with a cloud-based software platform to operate a newly developed six-arm crane. The crane operation is automated and moves massive concrete bricks that provide the basis for the storage and discharge of electricity.
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