-The inaugural report was developed in accordance with the requirements of the World Reporting Initiative and creates a framework for achievement together with strategic alignment with governing requirements -Power Vault particulars its sustainability technique, which incorporates consciousness and alignment with the United Nations Sustainable Growth Targets
Power Vault Holdings, Inc. (NYSE: NRGV) (“Power Vault” or the “Firm”), a pacesetter in sustainable grid-scale vitality storage options, at the moment introduced the publication of its inaugural Sustainability Report.
The report particulars Power Vault’s complete portfolio of sustainable vitality storage applied sciences and options for the brief, lengthy and long run, the Firm’s company sustainability technique, and its strategy to managing Environmental, Social , and Governance (ESG), accountability, enforcement and reporting. .
Power Vault’s sustainability technique consists of consciousness and alignment with the globally acknowledged United Nations Sustainable Growth Targets within the Firm’s need to advertise clear and reasonably priced vitality for all. The Sustainability Report follows the World Reporting Initiative requirements and creates a framework for achievement together with strategic alignment with governing requirements.
“We’re proud to challenge our inaugural Sustainability Report as we shut out our first yr as a public firm, constructing on a profitable yr highlighted by a number of cornerstone buyer wins and our first -deploy begins with all of our gravity, battery and inexperienced hydrogen vitality storage options,” mentioned Robert Piconi, Chairman and Chief Government Officer, Power Vault. “We based Power Vault with a mission to decarbonize our planet to speed up the transition to a sustainable vitality world. My co-founders and I began to create an vitality storage firm pushed with the aim of getting sustainability embedded on the core of our enterprise options, product design and provide chain. Our sustainability directive is to create a sustainable world by implementing sustainable enterprise practices that aimed toward delivering a net-positive impression on the atmosphere in every little thing we do. vitality saving strategy, and the assist of our shareholders, we’re assured that we will proceed to push the boundaries of what’s attainable within the business to avoid wasting vitality and assist construct a extra sustainable future for future generations.
In 2022, Power Vault grew to become licensed by the Worldwide Group for Standardization for high quality administration programs (9001) and environmental administration programs (14001). By 2023, the Firm is targeted on aligning with the Job Power on Local weather-related Monetary Disclosures (TCFD). By 2024, the Power Vault expects to align with the Science Primarily based Targets initiative (SBTi).
Power Vault invitations all its stakeholders worldwide to learn the inaugural Sustainability Report on the following hyperlink: Sustainability Report 2022
Please watch a video about Power Vault’s dedication to sustainability on the following hyperlink: https://vimeo.com/824413511
About Power Vault
Power Vault® develops and deploys utility-scale vitality storage options designed to vary the world’s strategy to sustainable vitality storage. The Firm’s complete choices embody proprietary gravity-based storage, battery storage, and inexperienced hydrogen vitality storage applied sciences. Every storage answer is supported by the Firm’s hardware-agnostic vitality administration system know-how and integration platform. Distinctive within the business, Power Vault’s new know-how portfolio delivers custom-made short- and long-term vitality storage options to assist utilities, impartial energy producers, and mass vitality customers in business to cut back vitality value ranges whereas sustaining energy reliability. Utilizing eco-friendly supplies with the flexibility to combine waste supplies for helpful reuse, Power Vault’s EVx™ gravity-based vitality storage know-how facilitates the transition to a round economic system whereas accelerating the worldwide clear vitality transition for its prospects. Please go to www.energyvault.com for extra info.