2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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GAIL
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NTPC
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SJVN
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NHPC
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Detailed explanation-1: -NTPC Signs MoU with Energy Vault for Gravity-based Energy Storage Technology. NTPC Limited the largest power generating utility in India, today announced the signing of a Memorandum of Understanding (MoU) with Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault).
Detailed explanation-2: -Energy Vault went public in January 2022 through a SPAC merger and currently trades on the New York Stock Exchange. The company distinguishes between long-duration storage (LDES) and short-duration storage (SDES) in its battery systems.
Detailed explanation-3: -Energy Vault is a Swiss-based, global energy storage company specializing in gravity and kinetic energy based, long-duration energy storage products.
Detailed explanation-4: -Based on a cost estimation, the total investment costs (including planning, etc.) vary from 120 USD/kWh of storage capacity for a 10 GWh size and 380 USD/kWh for a 1 GWh size.
Detailed explanation-5: -The energy storage upstart, previously named Energy Vault Inc., made its public debut on Feb. 14, following the completion of its merger with Novus Capital Corp. II, a special purpose acquisition company.