Energy Vault, Enervest to Develop $350M Project

23 Oct 2024 CW Team

Energy Vault, known for its innovative gravity-based energy storage technology, along with Enervest, plans to deploy advanced storage solutions that will allow for better integration of renewable energy sources like solar and wind into Australia's power grid. The project represents a significant leap in Australia's efforts to enhance its energy storage capabilities, essential for reducing reliance on fossil fuels and achieving long-term climate goals.

The collaboration is part of broader initiatives to address energy demand fluctuations by ensuring that excess renewable energy is stored and made available during periods of low production. This storage capability is crucial for Australia's energy transition, helping to stabilize its grid and further its clean energy ambitions.

By investing in such forward-looking technologies, Australia is positioning itself as a leader in renewable energy infrastructure, while also supporting global efforts to reduce carbon emissions and promote sustainable development. The $350 million investment highlights the importance of energy storage in the future of global energy markets and reflects the growing need for innovative solutions to power the world sustainably.

This project will not only meet local energy demands but also serve as a model for similar projects worldwide, as the need for large-scale energy storage becomes increasingly important in the global push toward renewable energy adoption.

Energy Vault and Enervest are partnering to develop a large-scale energy storage project in Australia valued at $350 million. This project aims to bolster Australia's renewable energy infrastructure by providing reliable and scalable storage solutions. As the demand for sustainable energy grows globally, effective energy storage systems have become critical for ensuring grid stability and meeting energy requirements. Energy Vault, known for its innovative gravity-based energy storage technology, along with Enervest, plans to deploy advanced storage solutions that will allow for better integration of renewable energy sources like solar and wind into Australia's power grid. The project represents a significant leap in Australia's efforts to enhance its energy storage capabilities, essential for reducing reliance on fossil fuels and achieving long-term climate goals. The collaboration is part of broader initiatives to address energy demand fluctuations by ensuring that excess renewable energy is stored and made available during periods of low production. This storage capability is crucial for Australia's energy transition, helping to stabilize its grid and further its clean energy ambitions. By investing in such forward-looking technologies, Australia is positioning itself as a leader in renewable energy infrastructure, while also supporting global efforts to reduce carbon emissions and promote sustainable development. The $350 million investment highlights the importance of energy storage in the future of global energy markets and reflects the growing need for innovative solutions to power the world sustainably. This project will not only meet local energy demands but also serve as a model for similar projects worldwide, as the need for large-scale energy storage becomes increasingly important in the global push toward renewable energy adoption.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..