Energy Vault Clean

The Vision Fund has invested $110 million in Energy Vault, a Swiss energy storage startup. Energy Vault uses cranes to stack concrete blocks, offering a cost-effective alternative to lithium batteries. The system stores energy by raising blocks with excess solar or wind energy and releases it by lowering them. The technology is already in use in Switzerland, with plans for expansion in Italy and other continents. SoftBank's investment aligns with their vision for renewable energy and reducing reliance on fossil fuels.

What are the advantages of Energy Vault's technology compared to lithium batteries?

What is the main purpose of the energy storage system developed by Energy Vault?

What are the key components of the Energy Vault system mentioned in the text?

How does Energy Vault's system utilize excess energy from renewable sources?

What role does SoftBank play in relation to Energy Vault?