Chinese NEA Public Announcement
July 27, 2023 Atlas Renewable, Houston, Texas -- The Chinese National Energy Administration(NEA) issued a public announcement on July 26, officially announcing the "List of the First (Set) Major Technical Equipment (Projects) in the Energy Field in 2023", which included the "100MWh Gravity Energy Storage Complete Equipment" developed by China Tianying (CNTY).
“This is a significant milestone and it paves the way for the gravity technology to be widely adapted in the Chinese market, “said Eric Fang, CEO of Atlas Renewable.
With the continuous increase in the proportion of new energy capacity installed in China, there are increased requirements for State Grids to implement effective storage capabilities allowing for more efficient use of intermittent renewable energy supplies and to effectively address arbitrary power outages and power balancing issues.
Effectively utilizing renewable energy requires efficient energy storage integration. China Tianying has taken the lead, under license with Energy Vault through Atlas Renewable, in developing commercial scale gravity storage technology, equipment, and application. The 100MWh gravity energy storage system developed and implemented by CNTY represents a successful international business collaboration between Energy Vault, Atlas Renewable, Energy Investment Professional Committee (EIPC), and CNTY.
Mr. Neil Bush, Chairman of Atlas Renewable says, “Climate change is real, it knows no borders, and addressing it requires global collaborations just like the one playing out in Rudong, Jiangsu China with engineers from Energy Vault and CNTY. There is a global imperative to work together to sustain life on earth for humans.”
China Tianying's "100MWh complete set of gravity energy storage equipment”, a 45-story tower that holds 10,000 25-ton mobile masses, is the world's only commercial scale gravity energy storage solution that is not hydro. Electricity from renewables or excess power from the grid is used to raise the mobile masses where the blocks become potential energy. As the blocks are lowered, generators are engaged to deliver stable, clean, and sustainable green electricity to users.
http://www.nea.gov.cn/2023-07/27/c_1310734363.htm