Meet A New Type Of Green Energy, Gravity
Energy Vault created a smart building that uses gravity to store, generate, and distribute energy. Their mission, to help the world shift to green.
A new startup is disrupting the clean energy sector with an innovative scientific approach: gravity energy. The world has set hard targets to switch off fossil fuel and the carbon economy and kickstart green energy. Solar, wind, and nuclear power have taken the lead in this new energy revolution, but they face many challenges.
The biggest obstacle in switching to solar and wind energy is large-scale energy storage. When green energy is produced it is either used immediately or stored, but electric energy can not be stored directly it needs to be transformed into other types of energy. Batteries, compressed air systems, and pumped hydro storage are some of the methods used today. But scaling them is either inefficient or too expensive.
Wired reported that Energy Vault is out to transform energy and support the world as it transitions to renewables. The company is making big progress fast. It is about to list in the New York Stock Exchange NYSE and has impressive deals with giant corporations like BHP mining, and DG Fuels, a leader in renewable fuels for aviation. But even more impressive is their system. The company built massive “smart” buildings that can store, generate, discharge, and distribute electricity. Inside these minimalistic, modern-industrial buildings, large 35-ton concrete blocks are lifted and dropped in elevators to store and discharge energy.