The project has already received $100 million in funding. An American business is a major donor.
Earlier in April this year, the Swiss company Energy Vault presented an extraordinary energy storage design. It consists of a 120-meter-high tower wall made from huge bricks which are not secured in any way. At a certain point, the structure is destroyed, and the building blocks will fall from a great height, thus creating a massive amount of kinetic energy. The company will install a trap with an electricity-producing generator on the ground. This operation will power the construction cranes to re-erect the tower, and the process will then be repeated.
The great potential of the project is that it is simple to implement anywhere in the world. Investors liked this concept, and Energy Vault representatives went on to raise $100 million to put their bold idea into practice. It is worth noting that the blocks are strong enough to withstand frequent drops, meaning that the energy storage system does not need consumables. The power generator is of particular interest to the public, but nothing is known about it yet.
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