EnergyVault and Malta plan to deploy 2.6GWh ESS

　　Energy Vault of Switzerland and Malta of the United States both said this week that the energy storage technology they have developed can be used in GWh-scale application scenarios.

　　According to a 1.6GWh energy storage deployment agreement signed between Energy Vault and DG Fuels, the energy storage system developed by Energy Vault will be used for the production of synthetic sustainable aviation fuel by DG Fuels.

　　Energy Vault has developed a long-term energy storage technology that lifts, lowers and swings heavy objects from a crane mounted on a tower to achieve energy storage. The company claims that this energy storage technology is scalable, and the continuous discharge time can reach 2 to 12 hours.

　　Although the company has not yet delivered any energy storage systems to customers, the company's goal is to publicly list its shares through a merger with Special Purpose Acquisition Corporation (SPAC) Novus Capital Corporation II.

　　The energy storage developer has not yet completed or deployed the energy storage system it seeks to create, but in the regulatory documents submitted before the planned merger SPAC revealed that DG Fuels hopes to deploy the energy storage technology in its multiple production facilities. The first is a 500MWh energy storage project deployed in Louisiana, USA. Energy Vault said that the project is expected to start construction in the middle of next year.

　　Followed by similar projects deployed in British Columbia and Ohio in Canada, Energy Vault said that the investment in this transaction will reach 520 million U.S. dollars.

　　The long-term energy storage system developed by Energy Vault will be combined with solar power generation facilities to consolidate and shape the power output of renewable energy to meet the demand for green hydrogen production by DG Fuel and provide power for electrolyzed water. DG Fuel claims that its production process has zero carbon emissions.

　　At the same time, Malta is a long-term energy storage developer headquartered in Massachusetts. The company has developed a grid-scale thermal energy storage technology and is discussing the deployment of a 1GWh energy storage system in Maritimes, Canada.

　　The company said it is negotiating with the local utility company NB Power and plans to deploy an energy storage system in New Brunswick, Canada. The energy storage system may be put into use in 2024.

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect substitute for lead-acid batteries, and are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.

　　Solar power generation system with lithium battery energy storage system is a very promising clean energy.