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Gravity-based energy storage tower developer notches a customer order 7

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Seymore ,

You don't have to believe me, but

Beware of MBAs with quick solutions to complex problems ..... and dollar signs where they used to have eyes




MJCronin
Sr. Process Engineer
 
MJCronin said:

Energy Vault Loses $1.2 Billion/40% Market Cap, CO2e/KWh Worse Than Natural Gas !!

Energy Vault’s solution which ‘fixes’ the problems with its first approach leads to CO2e per kWh numbers worse than natural gas generation, and makes a mockery of its claims of low cost storage.
Click to expand...
Every time I read "Oh, but wait." in that article, this image from Flex Seal commercials kept coming to mind.

4ijr5s_ol1pvb.png


- Andrew
 
Beware also of tech-infused (and tech-confused) bright young STEM grads eager to bring us the app-ocalypse.

"Everyone is entitled to their own opinions, but they are not entitled to their own facts."
 
OOopppsies !!!!

ON BEHALF OF INVESTORS, Hittelman Strunk investigates Energy Vault's (NRGV) public claim to landing $520 million dollar revenue deal from DG Fuels.



May 06, 2022, -- It appears as if Energy Vault now has LEGAL challenges in addition to its speculative, expensive, carbon-debt laden, mechanical failure posing as an electricity storage solution.

A legal firm has filed a class action law suit on behalf of investors due to an alleged stock price inflation scheme. Per the announcement, Energy Vault paid a million USD to DG Fuels and in return DG Fuels agreed to buy $520 million USD worth of Energy Vault products. The lawsuit asserts that DG Fuels has no revenue and has nothing in operation at present, and that this was not disclosed to investors. This would constitute a violation of securities laws in the USA per the announcement.

SO, WHAT:

If you purchased Energy Vault stock (NRGV, NRGV-WT), you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT:

To join the prospective class action, see prior press releases about the Energy Vault Securities Fraud Investigation:
Energy Vault (NRGV) Securities Fraud Investigation


MJCronin
Sr. Process Engineer
 
Again, I wonder how much the principals socked away...

The problem with sloppy work is that the supply FAR EXCEEDS the demand
 
Summary: In less than one year this went from $0.5B investment to class action lawsuit.

Kudos to everyone here for their healthy, science-informed skepticism.

"Everyone is entitled to their own opinions, but they are not entitled to their own facts."
 
How many hundreds of millions of dollars have already left the country via CRYPTOCURRENCY ?

MJCronin
Sr. Process Engineer
 
Well energy vault is based in Switzerland.. so their funding ($380 million so far) leaving the country has little to nothing to do with CRYPTOCURRENCY
 
Switzerland... has always had little or to nothing to do with CRYPTOCURRENCY BANKING TRANSPARENCY.

"Everyone is entitled to their own opinions, but they are not entitled to their own facts."
 
HEY, HEY HEY !!!!!

How about a trip down memory lane ? .... Set the Wayback Machine for 2006 !!

Does anybody remember the Plasma Torch Trash ZAPPER that was supposed to solve all of our energy problems ???




Where are all of our planet-saving, world changing infinite energy plants ? This has has been promised by MBAs since 2006 !!!

Why is Florida not being an energy leader, as they bragged about ???? .

------- WHY CAN CORRUPT MBAS CLAIM ANYTHING, ATTRACT BLOCKHEAD INVESTERS ANY FLEE WITH ALL THE MONEY ? ----------------

WHY DOES NO ONE FOLLOW UP ON THESE THINGS ?



MJCronin
Sr. Process Engineer
 
MJC,

That was a fascinating post - You don't see as many of those nowadays....
What happened to those plants?

Didn't realise your errrr dislike of MBAs went back 20 years...

Remember - More details = better answers
Also: If you get a response it's polite to respond to it.
 
MJCronin said:
How many hundreds of millions of dollars have already left the country via CRYPTOCURRENCY ?
Click to expand...

N. Korea is actively trying to steal cryptocurrency and have taken a reported $400B.
I guess they need it to feed their people.

"Everyone is entitled to their own opinions, but they are not entitled to their own facts."
 
I'm betting the people don't get fed :)

The problem with sloppy work is that the supply FAR EXCEEDS the demand
 
I can see these all over town in people's back yards.

"Johnny!! Don't play under that, it's a peak power rate period!"

Keith Cress
kcress -
 
A new player in this field is "Gravitricity"...,

They seem to use existing mine shafts to "game" their CAPITAL costs and attractiveness

Video Here:



MJCronin
Sr. Process Engineer
 
I don't doubt it works, but the storage capacity is just sooooo small it's difficult to see it working to any even vaguely significant effect. The video said 24 MWh of storage. That's just unbelievably small. Even if all the mine shafts were possible to use and not full of water how may exist at the depth and are actually available? 50? 100?

Remember - More details = better answers
Also: If you get a response it's polite to respond to it.
 
MJCronin said:
A new player in this field is "Gravitricity"...,
Click to expand...

Wash your mouth out!

"If you don't have time to do the job right the first time, when are you going to find time to repair it?"
 
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