Energy Vault's Gravity Storage to Revolutionize Southern Africa's Energy Landscape

• Gravity Energy Storage Solutions partners with Energy Vault to revolutionize energy storage in Southern Africa, addressing power shortages and accelerating the transition to clean, sustainable energy.

Gravity Energy Storage Solutions (GESSOL) has signed a 10-year agreement with Energy Vault to deploy its gravity energy storage technology in the Southern African Development Community (SADC) region. GESSOL, a consortium focused on energy storage deployments in southern Africa, will have exclusive rights to deploy Energy Vault's gravity storage system throughout the region. The agreement aims to address the region's energy storage needs, which are estimated to exceed 125 GWh by 2035, and accelerate the transition to clean energy. The deployment is expected to help resolve grid issues and optimize grid performance in the region.

The SADC region has been facing an electricity shortage since 2007, with only 50% of residents having access to electricity. Coal currently supplies 62% of power generation in southern Africa. GESSOL Director Les Lange stated that the gravity storage technology offered by Energy Vault is the most economical, efficient, flexible, and sustainable solution for the region. The deployment will contribute to reducing carbon emissions and promoting economic growth while meeting the increasing energy demand in the rapidly developing region.

How will the deployment of Energy Vault's gravity storage system address the energy storage needs in the SADC region?

• The deployment of Energy Vault's gravity storage system will provide a reliable and sustainable solution to address the energy storage needs in the SADC region.
• By utilizing gravity energy storage technology, the system will help optimize grid performance and resolve grid issues in the region.
• The exclusive rights given to GESSOL to deploy the gravity storage system throughout the region will ensure a coordinated and efficient approach to energy storage deployment.
• The gravity storage system will contribute to reducing carbon emissions in the region, supporting the transition to clean energy sources and addressing climate change concerns.
• The deployment of the system will help meet the increasing energy demand in the rapidly developing SADC region, promoting economic growth and improving the quality of life for residents.
• The gravity storage technology offered by Energy Vault is considered the most economical, efficient, flexible, and sustainable solution for the region, making it an ideal choice for addressing the energy storage needs.
• The deployment of the gravity storage system will help diversify the energy mix in the SADC region, reducing dependence on coal and promoting the use of renewable energy sources.
• The agreement between GESSOL and Energy Vault is a significant step towards achieving the region's energy storage goals, which are estimated to exceed 125 GWh by 2035.
• The gravity storage system will provide a long-term and scalable solution for energy storage, ensuring the region's energy needs are met in a sustainable and reliable manner.
• The deployment of the system will contribute to the overall energy security of the SADC region, reducing the risk of power shortages and improving the stability of the grid.