+RSUs
Office located in Westlake Village, CA
Renewable energy storage
Open for applications
+RSUs
Office located in Westlake Village, CA
101-200 employees
To pioneer a faster journey to the decarbonization of our planet by reducing the cost of abundant clean energy, delivering valuable, grid-scale energy storage solutions, and efficiently solving the demanding requirements of a clean energy future.
Renewable energy sources such as solar and wind power are often unreliable, so it is necessary to store their output to even out fluctuations in power supply. However, battery production is also polluting, and there are questions about whether supply can keep up with demand.
Energy Vault develops gravity-based storage systems - enormous structures that lift an immensely heavy weight using energy generated by renewable power sources, and release it by lowering the weight over time. Compared to conventional batteries of the same capacity these are far cheaper and simpler to construct, do not need expensive and toxic materials, and can be sited anywhere there is space for them. These batteries yield up to 70% energy savings compared to current technologies, and can hold their charge indefinitely with no degradation unlike chemical batteries.
The company has constructed a major energy storage facility in China with an energy storage capacity of 100 megawatt-hours (enough to power 3,400 homes), and another smaller one in Texas. Energy Vault has also developed newer iterations of its storage systems which it plans to roll out to the wider market following the success of its initial projects.
Kirsty
Company Specialist at Welcome to the Jungle
42% employee growth in 12 months
Jan 2022
$50m
LATE VC
Aug 2021
$100m
SERIES C
Westlake Village, CA
Robert Piconi
(CEO)Was Founder & CEO of Pantheon Heathcare Group, and Group Executive of Danaher Corporation.
Andrea Pedretti
(CTO)Is also Managing Director at p quadrum Engineering. Before that was Co-founder & CTO of Airlight Energy.
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