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Energy Vault announced the successful testing and commissioning of the Rudong EVx 100 MWh Gravity Energy Storage System by China Tianying, along with the extension of the licensing agreement with Atlas Renewable to 15 years. The system is the world's first commercial, grid-scale gravity energy storage system and marks a significant milestone in China's energy transition and decarbonization goals. The successful testing was followed by the mechanical completion in September 2023 and state grid interconnection in December 2023. More than 3.7GWh of projects are underway in China, with the licensing agreement extension reflecting the pivotal role of gravity storage technology in China's energy landscape.
