Energy Vault Turns to Gravity For Energy Storage

Published 2024-08-07
Rob Piconi, CEO of Energy Vault, joins Bloomberg Intelligence to discuss their recent company earnings and what it takes to use gravity to store renewable energy.
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All Comments (21)
  • @LogicQandA
    This has been completely debunked. If you want to do storage like this, do a hydro electric dam set up. This ends up costing 100 times as much as a hydroelectric dam wood.
  • @Fj8282haha
    Dude is full of craps with stock trading at his background … he scammer at best
  • @bullpup1337
    this has been debunked as stupid so many times, many years ago. just stupid
  • @NickHulse
    Wouldn't a giant water tower be more efficient to store energy with fewer moving parts compared to all the cranes?
  • @edc1569
    How is this nonsense still going on.
  • @damham5689
    Back when this idea was first floated for investors several real and notable physicists and scientists pointed out how inefficient and just stupid this is.
  • @seanl764
    Why would this poser have Bloomberg running in the background lol. Why would any CEO be so focused on the stock price... Just look at what was going on at Boeing.
  • @mikejosef2470
    The interviewer is correct... it is complex, and needlessly so. It is unusable when it is windy, and even under the best conditions, it requires placing huge blocks with literally millimetre precision, while they are hanging from 70m cables. The cranes have hundreds of moving parts, and have to be both efficient lifters (electric motors) and generators. And a collapse, which could easily result from slight misplacement a few times, or from the use of substandard materials fracturing, results in the complete destruction of the entire facility and an enormous mess to clean up. There are stupid ideas, scams... and then there's this.
  • @JeremAl
    They’re slowly trashing their gravity solution that had multiple problems (wind, all blocks should be at the top to be efficient…)
  • @noremacmada
    Could I retrofit a derelict commercial building's elevator shafts for this application?
  • @eyeofsaurona2345
    How's about we just use the the earths magnetic field/ earths core (we are literally sitting on a planet sized reactor)