NTPC signed Memorandum of Understanding (MOU) with Energy Vault Holdings, Inc., a pacesetter in sustainable, grid-scale energy storage solutions.
The objective of the MOU is to collaborate and formalize a long-term strategic partnership for deployment of Energy Vault’s EVx gravity-based strength garage generation and software program answers primarily based on the outcome of a joint feasibility observe. The technology additionally gives beneficial utilization of coal ash for production of composite blocks for Energy Vault’s gravity-primarily based electricity storage gadget.
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