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Stock impact report

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: Yahoo! Finance
A second EVx system in Zhangye City, Gansu Province, started in Q2 2023 has completed foundation work and initial four floors of construction above ground Both 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 month Combined 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 market Construction 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 located in Huailai Cunrui Town, Zhangjiakou County, Hebei Province began in 2023 Nine EVx GESS deployments now underway in China totaling 3.7 GWh, each of which will generate future project revenue roy Show less Read more
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