Gravitational energy storage developer Green Gravity has begun minesite concept engineering, and local community engagement in Mount Isa, Queensland for the deployment of up to 2 GWh of gravitational energy storage. Green Gravity is working with the Mount Isa City Council and copper mining company Glencore to examine the potential of utilising mineshafts at the…
Gravitational energy storage developer Green Gravity has secured $9 Million in funding with strong backing from existing and new major strategic and financial investors. The company, which is repurposing legacy mineshafts for utility scale long-duration energy storage, secured financing from investors including HMC Capital, BlueScopeX, Pacific Channel and Sumisho Coal Australia Holdings (SCAP H, a…
Energy storage technology company Green Gravity‘s gravity-operated systems could soon be operating in Europe following the execution of an agreement between the company and Complexul Energetic Valea Jiului S.A. (CEVJ). The companies have executed a Cooperation Framework Agreement to explore the application of Green Gravity’s energy storage technology in seventeen mine shafts on the four…
