Energy Vault Announces China State Grid Interconnection of First EVx 100 MWh Gravity Energy Storage System, Groundbreaking of Three Additional EVx Gravity Storage Systems and Other China M...
Energy Vault Holdings, Inc. (NRGV)
Company Research
Source: Business Wire
Rudong 25 MW/100 MWh EVx system became fully interconnected to the local state utility grid in December 2023 as planned, enabling full commissioning, inverse power and operational activity powered by the State GridA second EVx system in Zhangye City, Gansu Province, started in Q2 2023 has completed foundation work and initial four floors of construction above groundBoth the Rudong and Zhangye EVx Gravity Storage Systems have been formally designated and recognized as “new energy storage pilot demonstration projects” by China’s National Energy Administration (NEA) in their formal announcements last monthCombined with Rudong EVx, 468 MWh of the total announced 3.7 GWh of Energy Vault’s EVx gravity energy storage systems (GESS) are now under construction in China, the world’s largest and fastest growing energy storage marketConstruction of 17 MW/68 MWh EVx located in Zhangye City, Gansu Province, 50 MW/200 MWh EVx located in Ziuquan City, Jinta County, Gansu Province, and 25MW/100MWh EVx
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News
- Energy Vault Holdings, Inc. (NYSE: NRGV) had its price target lowered by analysts at Stifel Nicolaus from $6.00 to $3.00. They now have a "buy" rating on the stock.MarketBeat
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NRGV
Earnings
- 3/12/24 - Miss
NRGV
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 144
- 5/3/24 - Form 4
- NRGV's page on the SEC website