Energy Vault
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 41 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Energy Vault's reported carbon emissions
In 2023, Energy Vault Holdings, Inc. reported significant carbon emissions, with Scope 1 emissions at approximately 68,500 kg CO2e and Scope 2 emissions at about 89,100 kg CO2e (market-based). The company has also disclosed its Scope 3 emissions, which are substantial, but specific figures for 2023 are not provided. Looking at previous years, in 2022, Energy Vault's Scope 1 emissions were around 37,400 kg CO2e, while Scope 2 emissions totalled about 49,500 kg CO2e. The Scope 3 emissions for that year reached approximately 127,151,000 kg CO2e. In 2021, the company reported Scope 1 emissions of about 23,600 kg CO2e and Scope 2 emissions of approximately 29,600 kg CO2e, with Scope 3 emissions at around 49,986,000 kg CO2e. The 2020 figures showed Scope 1 emissions of about 35,200 kg CO2e, Scope 2 emissions at 24,500 kg CO2e, and Scope 3 emissions reaching approximately 61,900,000 kg CO2e. Energy Vault has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2022 as the base year. This target has been approved through the Science Based Targets initiative (SBTi) and aligns with the necessary reductions to limit global warming to 1.5°C. The company is also committed to measuring and reducing its Scope 3 emissions, reflecting a comprehensive approach to tackling its overall carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 35,200 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 21,900 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 619,000 | 00,000,000 | 000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Energy Vault is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
