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Can Newcomer Energy Vault Break the Curse of Mechanical Grid Storage?

This stealthy long-duration challenger to lithium-ion dispenses with batteries altogether. But simple tech does not guarantee success. The energy storage industry is all about incremental improvements, so it’s rare to see a product come to market that does something radically different. That happened last week when the stealthy Swiss/Southern Californian startup Energy Vault went public with an unusually creative grid storage concept. It devised a six-armed crane that stacks concrete blocks with cheap and abundant grid power, and drops them down to retrieve electricity when needed. The company pitches this as a durable, trustworthy solution for the thorny problem of storing electricity for l

C&D buying Trojan Battery to form USD-1bn US energy storage co

November 7 (Renewables Now) - C&D Technologies Inc has entered into an agreement to buy Trojan Battery Company LLC and thus create an enlarged battery manufacturer with more than USD 1 billion (EUR 870m) in revenue. The news was announced on Tuesday by fund manager KPS Capital Partners LP, which owns the buyer. The transaction, whose value was not disclosed, is expected to close by the end of the year, subject to certain approvals. Trojan is being sold by Charlesbank Capital Partners LLC and other shareholders. Blue Bell, Pennsylvania-based C&D offers industrial lead acid batteries and battery systems that are used for the storage and transmission of electrical power, mainly for standby powe

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