2018/08/18: Energy Vault’s plant can operate for 30 years with little maintenance and almost no fade in capacity. Its concrete blocks also use waste materials. So Piconi is confident that there’s still a niche that Energy Vault can fill: Places that have abundant access to land and building material, combined with the desire to have storage technologies that last for decades without fading in capacity.
Meanwhile, whether or not Energy Vault succeeds, it does make a strong case for the argument that, while everyone else is out looking for high-tech, futuristic battery innovation, there may be real value in thinking about how to apply low-tech solutions to 21st-century problems. Energy Vault built a functional test plant in just nine months, spending relative pennies. It’s a signal of sorts that some of the answers to our energy-storage problems may still be sitting hidden in plain sight.