NYSE:NRGVElectrical
Energy Vault (NRGV) Is Up 30.9% After Eskom Gravity Storage Deal at Hendrina Power Station
Earlier in May 2026, Eskom Holdings announced a development agreement with Energy Vault Holdings to deploy a 25 MW, 4-hour gravity energy storage system at the Hendrina Power Station in South Africa, using the latest EVx 2.0 technology and aiming for up to 4 GWh of storage across the Southern African region by 2035.
This partnership not only expands Energy Vault’s international footprint but also tests its gravity-based storage at coal-to-renewables transition sites, where successful...