A battery energy storage system (BESS), battery storage power station, battery energy grid storage (BEGS) or battery grid storage is a type of technology that uses a group of in the grid to store . Battery storage is the fastest responding on, and it is used to stabilise those grids, as battery storage can transition from standby to full power in u.
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In 2017, Energy Vault was founded by a group of Swiss engineers in the Idealab . In 2019, Energy Vault secured funding from before going on to secure $110m of Series B funding to become the first energy storage investment of the, and won Fast Company's World Changing Idea Award for transformative utilit.
