Energy Vault Sustainability Profile
Energy Vault, a pioneering energy storage company headquartered in the United States, is at the forefront of the renewable energy sector. Founded in 2017, the company has rapidly established itself as a leader in sustainable energy solutions, particularly in the development of innovative gravity-based energy storage systems. With operations spanning key regions in North America and Europe, Energy Vault's core offerings include its proprietary energy storage technology, which uniquely utilises gravity and kinetic energy to provide reliable, long-duration storage. This approach not only enhances grid stability but also supports the integration of renewable energy sources. Recognised for its commitment to sustainability, Energy Vault has achieved significant milestones, positioning itself as a vital player in the transition to a cleaner energy future. The company's unique technology and strategic partnerships underscore its role in shaping the energy landscape.
DitchCarbon Score
How does Energy Vault's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Energy Vault's score of 46 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Energy Vault's reported carbon emissions
In 2024, Energy Vault reported total carbon emissions of approximately 165,310 kg CO2e, with Scope 1 emissions at about 350,600 kg CO2e, Scope 2 emissions at approximately 97,840 kg CO2e, and Scope 3 emissions at around 67,470 kg CO2e. This represents a significant increase from 2023, where total emissions were approximately 450,060 kg CO2e, with Scope 1 at about 2,620 kg CO2e, Scope 2 at approximately 381,580 kg CO2e, and Scope 3 at around 65,860 kg CO2e. Energy Vault has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 50% from 2022 levels by 2030. Additionally, the company is committed to achieving net-zero emissions by 2050 across both Scope 1 and Scope 2 emissions. These targets are aligned with the Science Based Targets initiative (SBTi), which has approved a near-term target to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2022 base year, while also committing to measure and reduce Scope 3 emissions. The company’s emissions data is self-reported and does not cascade from any parent organisation. Energy Vault's proactive approach to emissions reduction reflects its commitment to sustainability within the electrical equipment and machinery sector, positioning it as a responsible player in the fight against climate change.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 35,200 | 00,000 | 0,000 | 0,000 | 000,000 |
| Scope 2 | 21,900 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 00,000 | 00,000 | 00,000 |
How Carbon Intensive is Energy Vault's Industry?
How Carbon Intensive is Energy Vault's Location?
Energy Vault's Scope 3 Categories Breakdown
Energy Vault's Scope 3 emissions, which increased by 2% last year and increased by approximately 35% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 13% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 24707% of Scope 3 emissions.
Top Scope 3 Categories
Energy Vault's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Energy Vault has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
