Energy Vault Holdings, Inc. develops and deploys energy-storage systems designed to help stabilize electric grids and integrate renewable power. The company’s technologies are intended to store electricity for later use, addressing the intermittent nature of sources such as wind and solar.
Its product portfolio includes gravity-based storage systems, including the EVx platform, which uses mechanical lifting and lowering of heavy composite blocks to store and release energy. Energy Vault also offers battery energy-storage systems, hybrid storage solutions, and VaultOS, a software platform designed to manage and optimize energy-storage assets.
Founded in 2017, Energy Vault became a publicly traded company in 2022 through a business combination with Novus Capital Corporation III. The company serves utility, industrial, and renewable-energy customers and has pursued projects in North America, Europe, Asia, and other international markets. Its activities include technology development, project design, system integration, and ongoing software and asset-management services.
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