Energy Vault (NRGV)

Overall impact
A (84)

Commentary

Energy Vault is a leader for overall positive impact. With an 'A' rating of 83.7 for overall impact (96th percentile compared to all companies), Energy Vault ranks 15th out of 70 industry peers, behind Solaredge Technologies, Sunrun, Sunpower and 11 others, and ahead of Unirac, ION Solar, Sky Solar and 52 others. On top material causes for Energy Vault's industry (Alternative Energy), Energy Vault performs well in Renewable Energy Growth (95.0 score), Renewable Energy Growth (96.4), Reduced Green House Gas Emissions (95.3) and 4 other causes where it received an 'A' score and performs poorly in Equal Pay and Opportunity (39.8 score).
Impact
Cause NRGV
Peer rank
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Company
Employees
142
Sector
Utilities
Industry
Independent Power and Renewable Electricity Producers
Sub-industry
Renewable Electricity
SASB industry
Fuel Cells & Industrial Batteries
Headquarters
Ca, United States
Share classes
NRGV
Description
Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; B-Nest, a gravity energy storage solution for long-duration energy storage needs; G-Vault, a gravity energy storage solution; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System that manages one or more energy storage mediums and the underlying generation assets; Vault-Bidder, which utilizes machine learning algorithms to match node-specific data with real-time weather and asset performance information; and Vault-Manager, which safeguards asset management and to help blend developing technologies. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.
Material causes
Ethos considers the following causes material for Energy Vault, based on its industry sub-industry Renewable Electricity. Learn more about material causes in our methodology overview.
Not available

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