Monday, November 18, 2019

Report: New Technology Offers Potential For Better Energy Storage

New energy storage technology--based on gravity and potential energy--may be on its way to helping to revolutionize energy storage, without the need or limited lifetime of batteries, according to a report today. Grist says gravity energy storage--including systems being developed by Pasadena-based Energy Vault--have the potential to revolutionize storage systems for renewable energy. Energy Vault recently raised $110M in funding for global deployment of its technology, an is a spinout of Pasadena's Idealab.