145 0 Kommentare Energy Vault Announces Five Additional EVx Gravity Energy Storage System Deployments in China

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that five new EVx gravity energy storage systems (GESS) will be deployed by China Tianying Inc. (CNTY) (CN: 000035) under the Company’s previously announced licensing and royalty agreement with Atlas Renewable, which includes a 5% project revenue royalty associated with each project.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231106358821/en/

The Rudong EVx system (25 MW, 100 MWh, +35 years technical life) will be the world’s first commercial, grid-scale gravity energy storage system that offers an alternative to long technical life energy storage assets like pumped hydro plants, currently representing ~90% of global energy storage capacity. (Photo: Business Wire)

Chairman of China Tianying, Mr. Yan Shengjun, stated, “Energy Vault’s innovative gravity energy storage technology is seeing strong demand in China because of the long life of these assets and the significant local economic content that helps meeting the state-mandated energy storage requirements accompanying the rapid growth of China’s renewable energy deployments. As we commission the first 100MWh system in Rudong, which we have optimized for the China market requirements, we are pleased to be quickly expanding this groundbreaking technology that will enable intermittent wind and solar power generation to more readily replace other fossil fuel-based generation and thus help accelerate China’s clean energy transition and achievement of its net carbon neutral goals.”

With the 100 MWh EVx GESS in Rudong and the 2 GWh EVx GESS in Tong Liao, Inner Mongolia, the following recently signed agreements by CNTY bring total existing and planned EVx deployments in China to seven, totaling 3.26 GWh, all of which include a 5% project royalty.

Agreement with Hebei provincial government to build a 100 MWh EVx GESS in Zhangjiakou, Hebei Province
Agreement with Jiangsu provincial government to build a 100 MWh EVx GESS in Suzhou, Shanxi Province
Agreement with Gansu provincial government to build a 200 MWh EVx GESS in Jinta County, Jiuquan, Gansu Province
Agreement with Jilin provincial government to build a 660 MWh EVx GESS in Songyuan, Jilin Province
Agreement with Xinjiang government to build a 100 MWh EVx GESS in Yining, Xinjiang Province

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China’s energy policies require renewable energy plants to integrate storage of 20% of their nameplate generation capacity, with at least a 2–4-hour duration. Most recently, this has been satisfied with lithium-ion battery technology to complement the significant installed base of pumped hydroelectric storage in China.

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