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Energy Vault Holdings›
Products & Services›
EVx Gravity Energy Storage System
EG

Energy Vault Holdings› offers EVx Gravity Energy Storage System

ProductOperating Status: Currently Offered

EVx is Energy Vault's gravity-based long-duration energy storage system for power grids.

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Overview

EVx is Energy Vault's commercial-scale gravity energy storage system, which stores energy by raising and lowering heavy composite blocks and releasing that potential energy to generate electricity. The company markets it as a long-duration storage option with high round-trip efficiency and a multi-decade operating life.

Energy Vault has deployed EVx projects including a 25 MW/100 MWh system in Rudong, China. The system is positioned as an alternative to other long-duration storage technologies such as flow batteries, thermal storage, and compressed air.

EVx Gravity Energy Storage System - Classification

Industry
  • Energy Storage

EVx Gravity Energy Storage System - Direct Competitors

  • Form Energy

    Form Energy logo

    Iron-Air Battery System

    formenergy.com

AttributeEVx Gravity Energy Storage SystemIron-Air Battery System
ProviderEnergy Vault Holdingsenergyvault.comPublicForm Energyformenergy.com$1.7B raised · Series G
Founded20202017
Sells ToEnterpriseEnterprise, Government
Pricing ModelRecurringEnterprise Contract
OwnershipPublicEquity, Venture Capital
EVx Gravity Energy Storage System

Provider Energy Vault Holdingsenergyvault.comPublic

Founded 2020

Sells To Enterprise

Pricing Model Recurring

Ownership Public

Iron-Air Battery System

Provider Form Energyformenergy.com$1.7B raised · Series G

Founded 2017

Sells To Enterprise, Government

Pricing Model Enterprise Contract

Ownership Equity, Venture Capital

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