I’ve owned Energy Vault for awhile. There is a lot of promise in this company; a lot of positive things have been proposed at investor day and quarterly earnings calls. But the one big negative is that they put in a gravity storage system in China a year ago and they don’t provide updates on it. It is a project that has been completed and is undergoing testing and incorporation into the grid. But it appears the final sign-off and regulatory approval is still pending. At the last conference call they simply said that it was charging and discharging to the grid, but no final acceptance.
I’ve owned Energy Vault for awhile. There is a lot of promise in this company; a lot of positive things have been proposed at investor day and quarterly earnings calls. But the one big negative is that they put in a gravity storage system in China a year ago and they don’t provide updates on it. It is a project that has been completed and is undergoing testing and incorporation into the grid. But it appears the final sign-off and regulatory approval is still pending. At the last conference call they simply said that it was charging and discharging to the grid, but no final acceptance.