{"id":77585,"date":"2023-05-23T01:05:16","date_gmt":"2023-05-23T01:05:16","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/"},"modified":"2023-05-23T01:05:16","modified_gmt":"2023-05-23T01:05:16","slug":"a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/","title":{"rendered":"A Swiss firm is generating clean energy with the power of gravity"},"content":{"rendered":"

<\/a> Gravity could be the new tech for generating electricity:<\/strong> Switzerland-based Energy<\/a>Vault Holdings<\/a> is close to completing one of the only systems in the world that generates electricity using gravity, company CEO Robert Piconi told Bloomberg<\/a> last week. The project<\/a>, built in China\u2019s Rudong, will be completed by September and will be able to deliver up to 25 MW of power for four hours.<\/p>\n

How it works: <\/strong>The technology involves using electric motors to lift and lower composite blocks to store and dispatch electrical energy, according to the startup\u2019s website<\/a>. The potential energy is then converted into electricity for grid-scale applications, allowing for long-duration energy storage.<\/p>\n

Why this is important: <\/strong>This form of energy storage could help address a major hurdle facing clean energy transition: Determining a zero-carbon method to keep lights on when winds are calm and the skies are cloudy, Wired<\/a> writes. Advocates of the gravity energy storage technology say it could help provide an alternative to relying on lithium-ion batteries, which eventually degrade over time. Piconi told Wired in January that the technology could help bring in a system that offers cheap, abundant, and long-lasting energy storage.<\/p>\n

\n

Big Oil owes at least USD 209 bn in annual climate reparations:<\/strong> 21 of the world\u2019s top fossil fuel firms \u2014 including Saudi oil giant Aramco, BP, Shell, and TotalEnergies \u2014 owe at least USD 209 bn in annual financial restitution to communities harmed by their operations, The Guardian<\/a> writes, referencing a study published in One Earth<\/a>. The study says that the USD 209 bn price tag is a \u201cconservative estimate,\u201d as it does not take into account the deaths, loss of livelihood, and biodiversity damage caused by big oil operations. Between 2025-2050, oil and gas operations are expected to cause an additional USD 5.4 tn in climate losses in the form of wildfires, droughts, glacier reductions, and sea level rise.<\/p>\n

REMEMBER- Oil giants are <\/strong>backtracking<\/a><\/strong> on climate targets, and Shell\u2019s board may be <\/strong>ousted for it: <\/strong>The Church of England has jumped aboard the bandwagon of shareholders in Shell who are planning<\/a> a coordinated vote against reappointing Shell Chairman Andrew Mackenzie over \u201csignals\u201d the board would backtrack on climate commitments. The company\u2019s annual general meeting is set to take place today<\/a>. Shell CEO Wael Sawan said in March the company\u2019s plans to pare back oil production by 1-2% by 2030 would be \u201creviewed\u201d in a bid to prioritize the company\u2019s performance and returns.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gravity could be the new tech for generating electricity: Switzerland-based EnergyVault Holdings is close to completing one of the only systems in the world that generates electricity using gravity, company CEO Robert Piconi told Bloomberg last week. The project, built in China\u2019s Rudong, will be completed by September and will be able to deliver up […]<\/p>\n","protected":false},"author":1,"featured_media":77586,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[157],"tags":[166,156,1678,11,1679],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-in-the-news","tag-bess","tag-climate-in-the-news","tag-energy-vault","tag-enterpriseclimate","tag-gravity","wpautop","entry"],"acf":{"mongo_id":"5568b83a-25b3-4002-9a81-31c2d726a068","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1906.jpeg","photo_position":"above","related_issue":[77569],"teaser":"","voice_url":""},"yoast_head":"\nA Swiss firm is generating clean energy with the power of gravity - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Swiss firm is generating clean energy with the power of gravity\" \/>\n<meta property=\"og:description\" content=\"Gravity could be the new tech for generating electricity: Switzerland-based EnergyVault Holdings is close to completing one of the only systems in the world that generates electricity using gravity, company CEO Robert Piconi told Bloomberg last week. The project, built in China\u2019s Rudong, will be completed by September and will be able to deliver up […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T01:05:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1906.jpeg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"A Swiss firm is generating clean energy with the power of gravity\",\"datePublished\":\"2023-05-23T01:05:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/\"},\"wordCount\":414,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1906.jpeg?fit=%2C&ssl=1\",\"keywords\":[\"BESS\",\"CLIMATE IN THE NEWS\",\"Energy Vault\",\"EnterpriseClimate\",\"gravity\"],\"articleSection\":[\"CLIMATE IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/a-swiss-firm-is-generating-clean-energy-with-the-power-of-gravity\/\",\"name\":\"A Swiss firm is generating clean energy with the power of gravity - 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