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The 100 MWh EVx system is being developed beside a wind farm as well as nationwide grid site in Rudong situated outside of Shanghai. Energy Vault and Atlas Renewable signed a $50 million licensing contract for making use of Energy Vault's proprietary gravity-based energy storage space technology.

Energy Vault is partnering with Korea Zinc, a company associated with non-ferrous metal smelting production, such as that of zinc, lead, silver as well as rare metal indium, for renewable resource storage. Through this collaboration, Korea Zinc intends to decarbonize its refining and smelting procedures, focused initially under its wholly-owned subsidiary Sun Metals Corporation. The companies anticipate to begin project release in mid-2022.

Gravity storage space uses a high possible method to save energy, and also the backing for Energy Vault Suggests investors buy in. Gravitricity is an additional company that remains in the very same area