ALEXANDRIA, Va., July 30 -- United States Patent no. 12,372,067, issued on July 29, was assigned to THE STORING COMPANY AB (Karlsborg, Sweden).

"Method and system for storing energy" was invented by Johan Schleimann-Jensen (Karlsborg, Sweden).

According to the abstract* released by the U.S. Patent & Trademark Office: "System (100) for storing energy in the form of gravitational potential energy, comprising a plurality of weights (140); a lower (110) and a higher (120) station, each arranged to receive and hold weights; a ropeway (130), arranged to transport weights back and forth between said stations, comprising a transport wire (131), an electric motor (132) and an electric generator (133), said weights being arranged to be attached to ...