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Energy Vault

1 year 4 months ago
 

Opportunity

With the increase of awareness about the negative environmental impact of fossil fuel, many corporations, businesses, and small communities are now turning to renewable energy. But renewable energy still faces a challenge of effective storage, making it a less affordable option compared to fossil fuel.

Solution

Energy vault is a system that uses gravity to store energy, as giant cranes use extra renewable energy to raise and lower bricks. “When this energy is later needed, software tells the system to lower the bricks, and that spins generators to send electricity back into the grid,” all within a millisecond, according to Fastcompany.

 

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