Energy Vault Turns to Gravity For Energy Storage

Published 2024-08-07
Rob Piconi, CEO of Energy Vault, joins Bloomberg Intelligence to discuss their recent company earnings and what it takes to use gravity to store renewable energy.
--------
Get more on The Bloomberg Intelligence Podcast
On Apple: bit.ly/3YrBfOi
On Spotify: bit.ly/3SPPZ8F
Anywhere: bit.ly/43hOc0r
Follow us on X: twitter.com/BloombergRadio
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: apple.co/486mghI
Android Auto: bit.ly/49benZy

Visit our YouTube channels:
Bloomberg Podcasts: youtube.com/bloombergpodcasts
Bloomberg Television: youtube.com/@markets
Bloomberg Originals: youtube.com/bloomberg
Quicktake: youtube.com/@BloombergQuicktake

All Comments (17)
  • @LogicQandA
    This has been completely debunked. If you want to do storage like this, do a hydro electric dam set up. This ends up costing 100 times as much as a hydroelectric dam wood.
  • @Fj8282haha
    Dude is full of craps with stock trading at his background … he scammer at best
  • @NickHulse
    Wouldn't a giant water tower be more efficient to store energy with fewer moving parts compared to all the cranes?
  • @bullpup1337
    this has been debunked as stupid so many times, many years ago. just stupid
  • @damham5689
    Back when this idea was first floated for investors several real and notable physicists and scientists pointed out how inefficient and just stupid this is.
  • @seanl764
    Why would this poser have Bloomberg running in the background lol. Why would any CEO be so focused on the stock price... Just look at what was going on at Boeing.
  • @edc1569
    How is this nonsense still going on.
  • @JeremAl
    They’re slowly trashing their gravity solution that had multiple problems (wind, all blocks should be at the top to be efficient…)
  • @noremacmada
    Could I retrofit a derelict commercial building's elevator shafts for this application?