Energy Vault Launches Energy Vault Solutions to Provide Customers with an Advanced Energy Storage Management and Integration Platform for Optimal Economic Dispatching
Energy Vault, Inc. ("Energy Vault"), the company developing sustainable, grid-scale energy storage solutions, announced the launch of the division Energy Vault Solutions (EVSâ„¢), which will provide a technology neutral energy storage management and integration platform. Using artificial intelligence (AI) and software optimization algorithms, the EVS platform enables the integration of flexible energy assets and their economic dispatching.
EVS expands upon Energy Vault's sustainable energy storage technology which is designed to advance the global transition to a carbon free, resilient power grid. Through EVS, Energy Vault aims to enhance its solutions and services to help utilities, independent power producers and large industrial energy users manage both short and long duration energy storage needs to reduce their levelized cost of energy while maintaining power reliability.
EVS will be led by energy storage veteran John G. Jung, President of EVS, and technology leader Akshay Ladwa, Chief Engineering Officer of EVS, both of whom bring deep experience and expertise in grid-scale energy storage technology integration. Prior to Energy Vault, John was Founder, President & CEO of Greensmith Energy, a turn-key systems integrator, responsible for delivering over a third of the total US capacity of energy storage in 2016. Greensmith Energy was later acquired by Wärtsilä in 2017.
"Energy Vault's goal is to be a leading energy technology partner to the world's largest companies as we execute on our mission of decarbonization," said Robert Piconi, Co-Founder and CEO of Energy Vault. "In addition to our proprietary gravity energy storage technology, Energy Vault Solutions will enable us to address the market need for energy management software solutions capable of orchestrating both generation and storage assets. With this portfolio of solutions we can further accelerate customers' decarbonization targets while maximizing their economic return."
"I am delighted to join Energy Vault and lead Energy Vault Solutions to bring to market a best-in-class energy storage management and integration platform that maximizes customers' economic return during the transition to a carbon free grid," said John G. Jung, President of EVS. "Our software platform is designed to serve as a front-end of any energy system and our data analytics layer supports both internal and external opportunities to control, optimize and manage assets - and deliver long-term value to our customers."
Energy Vault | https://www.energyvault.com
