Rudong 25 MW/100 MWh EVx system, the world’s
first commercial, grid-scale gravity energy storage system,
successfully tested and commissioned by China Tianying (CNTY) on
May 4 at celebration attended by Chen Huiyu, Secretary of the
County Party Committee
Successful testing followed mechanical
completion in September 2023 and successful state grid
interconnection in December 2023; more than 3.7GWh of announced
projects in China underway
Licensing agreement with Atlas Renewable for
Energy Vault’s EVx gravity energy storage system (GESS) technology
extended from 7.5 to 15 years
Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a
leader in sustainable, grid-scale energy storage solutions, today
announced the successful testing and commissioning of the Rudong
EVx™ gravity energy storage system (GESS) by China Tianying Co.,
Ltd (CNTY). Testing included the successful charging and
discharging of units of the 25 MW/100 MWh GESS invested in and
built by CNTY in partnership with Energy Vault and Atlas
Renewable.
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The first set of charging and discharging
units of the Rudong 100MWh gravity energy storage project was
successfully tested. (Photo: Business Wire)
In addition to the successful testing of the Rudong EVx, Energy
Vault announced the extension of its EVx licensing agreement with
Atlas Renewable from 7.5 to 15 years, reflecting the key role that
gravity storage technology stands to play in China’s energy
transition and achieving China’s decarbonization goals. In the last
12 months, CNTY has announced eight additional EVx GESS deployments
across multiple provinces in China totaling more than 3.7 GWh,
which will generate future project revenue royalty streams to
Energy Vault as systems are built and commissioned.
“The successful testing and commissioning of the Rudong EVx, the
world’s first grid-scale gravity energy storage system, is a
significant milestone for Energy Vault, our local partners Atlas
and CNTY, and importantly for China and their progress toward
achieving their goals for net carbon neutrality,” said Robert
Piconi, Chairman and Chief Executive Officer, Energy Vault. “This
testing demonstrates that gravity energy storage technology
promises to play a key role in supporting the energy transition and
decarbonization goals of China, the world’s largest energy storage
market. We are also pleased to announce that our EVx licensing and
royalty agreement with Atlas Renewable and CNTY has been extended
another 7.5 years through 2036, and we look forward to the
continuation of this strong partnership as new systems get deployed
in volume in the years to come.”
In January 2024, the Rudong EVx was selected as part of a list
of projects with the classification of “new energy storage pilot
demonstration projects” by China’s National Energy Administration
(NEA). Projects selected as demonstration pilots receive the
benefit of increased management oversight by provincial-level
energy authorities, allowing for coordination to support progress
related to construction, data reporting, compliance, and safety
measures, among other issues of focus.
Commissioning of the 25 MW/100 MWh EVx GESS began in the second
half of 2023, followed by the completion in September 2023 of the
final four kilometer 35kV Overhead Power Line to the existing
Remote End Substation, the capping and completion of construction
of the facility in October, and full grid interconnection in
December. Upon final provincial and state approvals for the start
of commercial operation to the state grid, the Rudong EVx will be
the world’s first commercial, utility scale non-pumped hydro
gravity energy storage system.
About Energy Vault
Energy Vault® develops and deploys utility-scale energy storage
solutions designed to transform the world's approach to sustainable
energy storage. The Company's comprehensive offerings include
proprietary gravity-based storage, battery storage, and green
hydrogen energy storage technologies. Each storage solution is
supported by the Company’s hardware technology-agnostic energy
management system software and integration platform. Unique to the
industry, Energy Vault’s innovative technology portfolio delivers
customized short-and-long-duration energy storage solutions to help
utilities, independent power producers, and large industrial energy
users significantly reduce levelized energy costs while maintaining
power reliability. Utilizing eco-friendly materials with the
ability to integrate waste materials for beneficial reuse, Energy
Vault’s EVx™ gravity-based energy storage technology is
facilitating the shift to a circular economy while accelerating the
global clean energy transition for its customers. Please visit
www.energyvault.com for more information.
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