Energy Vault and Carbosulcis S.p.A. announced their plans to develop a 100MW Hybrid Gravity Energy Storage System, a solution designed by Energy Vault for underground mines, pairing their modular gravity storage and batteries. This unique energy storage solution to be deployed within 500-meter-deep mine shafts, along with the VaultOS proprietary energy management software, is essential for the Sardinia Government’s targeted conversion of the coal mine to a Carbon Free Technology Hub, where the availability of low/zero emissions energy will be a catalyst to attract new industrial and technological activities.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NRGV: