Energy Vault EVx™ Gravity Energy Storage Technology Named a TIME Best Invention of 2024
TIME’s list of 200 groundbreaking inventions highlights innovations that are changing how we live , work, play , and think about what’s possible
EVx gravity energy storage system technology, developed for large-scale storage projects, combines time-tested energy storage principles, modern hardware and software engineering, and cutting-edge materials science to deliver long-duration storage with no performance degradation
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Energy Vault EVx™ Gravity Energy Storage Technology Named a TIME Best Invention of 2024 (Graphic: Business Wire)
“Energy Vault was founded with a vision to enable a sustainably energized world through the development of energy storage solutions that help utilities, independent power producers and large industrial energy users reduce the cost of abundant clean energy while maintaining power reliability,” said
Energy Vault’s EVx GESS systems are based on the proven physics and mechanical engineering fundamentals of pumped hydro, which currently accounts for about 90% of the world's energy storage capacity, but replace water with custom-made, environmentally-friendly composite blocks which do not lose storage capacity or degrade over time. The blocks can be made from low-cost and locally sourced materials, including the excavated soil at customer construction sites. Importantly, waste materials that traditionally must be remediated at considerable cost, such as mine tailings, coal combustion residuals (coal ash), and fiberglass from decommissioned wind turbine blades, can also be used to make the blocks, creating a circular economy that is both more economical and sustainable.
EVx decouples power and energy while maintaining a high round-trip efficiency exceeding 80%, without the need for specific topography. The result is a flexible, low-cost, 35-year (or more) infrastructure asset with a long technical life, zero degradation in storage medium, and modular architecture that can scale to multi-GW-hour storage capacity, enabling utilities, independent power producers and large industrial energy users to significantly reduce their levelized cost of energy while maintaining power reliability. The systems are automated leveraging Energy Vault’s proprietary advanced computer control and machine vision software that orchestrate the charging and discharging cycles while meeting a broad set of storage durations starting from 2 hours and continuing to 12 hours, or more.
The EVx platform is prominent member of Energy Vault’s G-VAULT™ suite of long duration gravity energy storage solutions, which also include EVu™, EVc™, EVy™, and EV0™.
Energy Vault’s EVx GESS technology, currently being commissioned in Rudong,
Earlier this year,
To compile the TIME Best Inventions of 2024 list, nominations were solicited from TIME’s editors and correspondents, and through an online application process, paying special attention to growing fields—such as AI, green energy, and sustainability. Each contender was then evaluated on a number of key factors, including originality, efficacy, ambition, and impact.
See the full list here: time.com/best-inventions-2024
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