Tata Power Agrees to Deploy 35 MWh of Gravity-Based Energy Storage from Energy Vault
Tata Power, an Indian power conglomerate, has announced that it will deploy a 35 MWh Energy Vault system in the next year.Energy Vault system is based on the the principles of traditional gravity-based pumped hydro projects that rely on the power of gravity and the movement of water to store and discharge electricity. The technology combines both potential and kinetic energy with a patented cloud-based software.It is expected to address one of the biggest problems faced when dealing with renewable energy – intermittency. The company touts that its storage technology will help in achieving significantly lower cost per kilowatt-hour and high round trip efficiency. Energy vault system will have a 30-40-year life without any degradation in the.....