Energy Vault to Present Full Suite of Sustainable Energy Storage Solutions at 2023 RE+ Conference
11 Setembro 2023 - 9:30AM
Business Wire
Company to showcase industry-leading portfolio
of economic and sustainable solutions and product offerings
engineered to increase the financial and environmental value of
customers’ energy assets
Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the
“Company”), a leader in sustainable, grid-scale energy storage
solutions, will be presenting its full suite of sustainable energy
storage solutions and products at the RE+ conference in Las Vegas,
Nev. from September 12-14, 2023, at The Venetian Convention &
Expo Center. Energy Vault representatives will brief RE+ attendees
on the Company’s transformative energy storage hardware, software
and solutions designed to meet customers’ unique needs for short,
long, and ultra-long duration energy storage.
“Our goal at Energy Vault is to provide customers with a
comprehensive portfolio of energy storage solutions, products and
services that are not only sustainable and cost-effective, but are
also tailored to meet customers’ specific needs,” said Marco
Terruzzin, Chief Commercial and Product Officer, Energy Vault. “Our
customer-centric, solutions-based approach to energy storage starts
with the problem our customer is trying to solve and then brings
together the right components to deliver customized solutions to
achieve their goals for renewable energy deployment and
decarbonization. This is what sets us apart as leaders in the
transition to a renewable world. We look forward to connecting with
RE+ attendees this week in Las Vegas and discussing how we can
solve their unique challenges.”
Energy Vault’s customer-centric solutions portfolio is built
upon a portfolio of proprietary energy storage system technologies,
and an open stack energy management software based on the VaultOS™
(operating system to control/dispatch the Energy Storage Solution),
the Vault-Manager™ (software to minimize maintenance cost) and the
Vault-Bidder™ (AI enabled software to maximize net-revenues). The
Company works directly with customers to identify the energy
storage hardware systems that will best meet their needs, and then
integrates flexible software solutions designed to monitor and
control customers’ specific energy storage systems, minimize
maintenance costs, and maximize net revenues. With modern
architecture, Energy Vault’s tech stack unlocks the value of energy
storage solutions by continuously optimizing grid integration as
use cases evolve over time.
Hardware Offerings
- G-VAULT™ – Energy Vault’s long duration energy
storage hardware solutions, G-VAULT™, consists of a proprietary
gravity energy technology to deliver long technical life, high
round-trip efficiency, low lifetime cost, and no degradation. The
Company’s EVx™ Gravity Energy Storage System (GESS), currently
being deployed for the first time in Rudong, China, decouples power
and energy while maintaining a high round-trip efficiency, without
the need for specific topography. The result is a flexible,
low-cost, 35-year (or more) infrastructure asset designed for daily
bulk energy shifting without any storage medium degradation.
- B-VAULT™ – Engineered to meet short duration
energy storage needs, B-VAULT™ is a suite of fully integrated
Battery Energy Storage Systems (BESS) designed for reliability,
flexibility and availability. Innovative enclosure architecture
provides customer optionality with both battery and inverter
suppliers, while unique AC-coupled and DC-coupled configurations
provide the drop-in flexibility needed for any project. Advanced
safety and cybersecurity features combine with native VaultOS™ EMS
integration and competitive project pricing to deliver on customer
needs. Energy Vault is currently deploying B-VAULT™ systems across
the United States.
- H-VAULT™ – For customers’ ultra-long duration
energy storage needs, Energy Vault’s H-VAULT™ system features
hybrid configurations leveraging green hydrogen and batteries, to
ensure continuity and resilience for backup and Public Safety Power
Shutoff (PSPS) events. By coupling the long duration and fast
response capabilities of green hydrogen, fuel cells, and B-VAULT™️
lithium-ion batteries, H-VAULT™ provides the clean, reliable,
cost-effective back-up power that is critical to enable islanded
microgrids during transmission outages. Energy Vault is currently
deploying H-VAULT™ in Calistoga, Calif. to energize PG&E’s
Calistoga microgrid during grid outages.
Software Offerings
- VaultOS™ Energy Management System (EMS) –
VaultOS™ EMS provides real-time monitoring, operational control and
optimized dispatch across an array of generation and short to
ultra-long duration energy storage assets. The user interface makes
it easy for customers to securely manage a single asset, hybrid
power plant or fleet of resources at a glance while minimizing
operational costs.
- Vault-Manager™ – the Vault-Manager™ software
constantly monitors energy storage system operations to aid
customers in minimizing maintenance costs. Vault-Manager™ enables
customers to optimize the long-term operation of renewable, hybrid
and other diverse sites; improve site and portfolio return on
investment (ROI); and analyze augmentation and expansion
decisions.
- Vault-Bidder™ – the Vault-Bidder™ AI-enabled
software allows customers to optimize net revenues associated with
energy storage and deployment across markets. Vault-Bidder™ uses
artificial intelligence to leverage diverse, live data from
directly monitored assets and external drivers to provide dispatch
and revenue optimization.
Long Term Service Offerings
Energy Vault leverages asset and fleet level data to plan ahead
to maximize uptime. Targeting maintenance windows least likely to
impact revenue potential, Energy Vault’s long-term service
agreements meet customers where they want to be – both now and in
the future – by recognizing and balancing tradeoffs between cost
and levels of risk management.
Attendees can learn more about Energy Vault’s comprehensive
suite of industry-leading product and solution offerings at the RE+
Conference in Las Vegas, Nev. from September 12-14, by requesting a
meeting at the following link: https://www.energyvault.com/re2023.
For those unable to attend, please contact info@energyvault.com for
additional information.
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.
Forward-Looking Statements
This press release includes forward-looking statements that
reflect the Company’s current views with respect to, among other
things, the Company’s operations and financial performance.
Forward-looking statements include information concerning possible
or assumed future results of operations, including descriptions of
our business plan and strategies. These statements often include
words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,”
“intend,” “project,” “forecast,” “estimates,” “targets,”
“projections,” “should,” “could,” “would,” “may,” “might,” “will”
and other similar expressions. We base these forward-looking
statements or projections on our current expectations, plans and
assumptions, which we have made in light of our experience in our
industry, as well as our perceptions of historical trends, current
conditions, expected future developments and other factors we
believe are appropriate under the circumstances at the time. These
forward-looking statements are based on our beliefs, assumptions
and expectations of future performance, taking into account the
information currently available to us. These forward-looking
statements are only predictions based upon our current expectations
and projections about future events. These forward-looking
statements involve significant risks and uncertainties that could
cause our actual results, level of activity, performance or
achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied by the
forward-looking statements, including changes in our strategy,
expansion plans, customer opportunities, future operations, future
financial position, estimated revenues and losses, projected costs,
prospects and plans; the uncertainly of our bookings and backlogs
equating to future revenue; the lack of assurance that non-binding
letters of intent and other indication of interest can result in
binding orders or sales; the possibility of our products to be or
alleged to be defective or experience other failures; the
implementation, market acceptance and success of our business model
and growth strategy; our ability to develop and maintain our brand
and reputation; developments and projections relating to our
business, our competitors, and industry; the ability of our
suppliers to deliver necessary components or raw materials for
construction of our energy storage systems in a timely manner; the
impact of health epidemics on our business and the actions we may
take in response thereto; our expectations regarding our ability to
obtain and maintain intellectual property protection and not
infringe on the rights of others; expectations regarding the time
during which we will be an emerging growth company under the JOBS
Act; our future capital requirements and sources and uses of cash;
our ability to obtain funding for our operations and future growth;
our business, expansion plans and opportunities and other important
factors discussed under the caption “Risk Factors” in our Quarterly
Report on Form 10-Q for the quarter ended June 30, 2023, and in our
Annual Report on Form 10-K for the year ended December 31, 2022, as
such factors may be updated from time to time in its other filings
with the SEC, accessible on the SEC’s website at www.sec.gov. New
risks emerge from time to time and it is not possible for our
management to predict all risks, nor can we assess the impact of
all factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
we may make. Any forward-looking statement made by us in this press
release speaks only as of the date of this press release and is
expressly qualified in its entirety by the cautionary statements
included in this press release. We undertake no obligation to
publicly update or review any forward-looking statement, whether as
a result of new information, future developments or otherwise,
except as may be required by any applicable laws. You should not
place undue reliance on our forward-looking statements.
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Energy Vault Investors energyvaultIR@icrinc.com
Media media@energyvault.com
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