Gravity Storage

Could Deep Shaft Mines Get a Second Life As Energy Storage Sources?

Finding a way to extend or wring some positives out of abandoned or exhausted mines, particularly deep shaft mines, has become a new challenge for many stakeholders. Startups like Gravitricity have got close to building a business out of using them for energy storage, for instance. Now Centennial, an Australian mining company which is a […]

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Energy Vault Gets $110 mn Investment From Softbank Vision Fund

Energy Vault has announced that it has completed a USD 110 million Series B funding round led by the SoftBank Vision Fund. Energy Vault, the creator of renewable energy storage products that are transforming the world’s approach to long duration, utility-scale energy storage, has announced that it has completed a USD 110 million Series B […]

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MNRE Invites Proposals For Development of Gravity Storage Projects

The specific objective of the proposal is to develop a prototype system integrating renewable energy with gravity storage. The Ministry of New and Renewable Energy (MNRE) has been supporting a research programme on different aspects of renewable energy and energy storage. With an increasing share of renewables, there would be a requirement of Energy Storage […]

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