1. Cemex Cements Storage Ties

    Cemex Cements Storage Ties

    The venture capital unit of Mexican cement giant Cemex is investing in Swiss company Energy Vault, which has developed energy storage technology inspired by pumped hydro plants. Energy Vault’s system replaces water with custom made concrete bricks that are combined with a proprietary algorithm-based software to operate a crane.

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  1. Quotes

    1. Energy storage that enables power to be delivered for less than the cost of fossil fuels is critical as the world shifts away from its reliance on carbon-based fuels to renewable energy.
    2. Cemex is a key strategic partner that adds critical innovations in material science that enhance both the economics and longevity of our energy storage system, and we're thrilled to expand our partnership to welcome Cemex Ventures as an investor.
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