Energy Vault Holdings Inc | Sustainability Performance

https://www.energyvault.com/

Develops energy storage solutions, utilizing innovative gravity-based systems to support renewable energy integration. Focuses on enhancing grid reliability and sustainability.

2017

United States

51 - 200 employees

Renewables & Environment

$100M - 500M in revenue

Not profitable

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Sustainability Ranking & Industry Benchmark

#1780

Overall^ⓈThis is a simple, transparent and data-based ranking measuring the overall sustainability performance of a company. It takes into account the following factors:

• Carbon emissions intensity (normalized by industry)
• Share of renewable electricity consumption (normalized by industry)
• Sustainability maturity
• Intent to leverage sustainability solutions
• Sustainability accreditations and certifications

The ranking takes into account all companies in illuminem's database. It leverages publicly available data as well as responses from the brief illuminem survey (please fill it out here for your company).

#315

in United States^{ⓈThis ranking uses the same criteria as the overall ranking but is limited to comparing the company with others in the same geography, based on its headquarters location, within Illuminem's database.
(Source: illuminem)}

#327

in Manufacturing^{ⓈThis ranking uses the same criteria as the overall ranking but is limited to comparing the company with others in the same industry within Illuminem's database.
(Source: illuminem)}

Sustainability Maturity

^ⓈMaturity gauges how far along a company is on its sustainability journey. It takes into account various factors such as:

• Breadth and depth of sustainability strategy
• Investment in sustainability
• External stakeholder engagement on sustainability topics
• Disclosure, awareness and management of environmental performance
• Sustainability certifications, awards and memberships

The maturity rank is based on a company's overall maturity score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher maturity result in a higher rank.
Companies at the early stage of their sustainability journey are usually just starting to recognize the importance of sustainability. Their goals are often compliance-driven, cost-saving, or reputation-based, rather than deeply integrated into their core business strategy. Example solutions include services to comply with regulations, compliance software, consulting services, energy management & efficiency to reduce cost, certifications etc.
Companies with high sustainability maturity have deeply integrated sustainability into their core strategy and view it as a competitive advantage. Sustainability is not just a compliance requirement but a business driver that aligns with long-term value creation. Example solutions include insetting & supply chain services, carbon neutrality solutions, circular economy models, innovations in sustainable products and services etc.
(Source: illuminem)

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Sustainability Intent

^ⓈIntent evaluates a company's propensity to buy sustainability products and services in the near future. It takes into account various factors such as:

• Expressed intent by relevant company employees to buy sustainability solutions (reported directly to illuminem)
• Previous company activity in buying relevant solutions (reported to illuminem or aggregated from global registries)
• News or public reports by the company signaling interest to buy relevant solutions
• Intensity and progress against sustainability targets or pledges (reported publicly by the company)
• Level of pressure on sustainability performance from relevant stakeholders (as reported by the company or estimated based on industry/geography)

The intent rank is based on a company's overall intent score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher intent results in a higher rank.
(Source: illuminem)

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Industry Rank

168 out of 1717

See all

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Carbon emissions

Electricity consumption

Carbon certificate projects

Targets

Other sustainability metrics

Reporting

UN Global Compact

SBTi

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Advanced Energy Technology Solution

United Kingdom, Manufacturing, Renewables & Environment

Renewable Electricity

Reveal data for 1 credit

45%^{ⓈCompany sustainability report}2023

Industry rank: 325 out of 1717^{ⓈThe renewables rank is based on a company's share of renewable electricity (as a percentage of total electricity consumption) compared to other companies in the same industry (over 50 companies) within Illuminem's database.}

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Total electricity consumption
and % renewables
(MWh, % of consumption)

Industry rank: 325 out of 1717^{ⓈThe renewables rank is based on a company's share of renewable electricity (as a percentage of total electricity consumption) compared to other companies in the same industry (over 50 companies) within Illuminem's database.}

Total electricity

Share of renewable electricity

Industry Benchmark

25
MWh

%

2021^{ⓈCompany sustainability report}

35
MWh

%

2022^{ⓈCompany sustainability report}

0
MWh

45%

2023^{ⓈCompany sustainability report}

illustrative

Sustainability Targets and Commitments

Reveal data for 1 credit

Target	Year	Value	Scope	Baseline
Net Zero	*******	*******	*******	*******
Interim emissions reduction	*******	*******	*******	*******
Share of renewables	*******	N/A	*******	*******

Progress against targets

^{ⓈCompany sustainability report}

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Sustainability employees

11+

^{ⓈThis value represents the estimated number of employees in a company with sustainability-related roles or job titles, as determined by Illuminem using publicly available data.}

Craig Horne

Sustainability Officer

Sustainability contacts

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