Energy Vault Holdings, Inc.

NRGV: Is Energy Vault Holdings, Inc. Halal?

Energy Vault Holdings, Inc.

NYSEIndustrialsUS

$4.04

-9.62%

Market Cap: 720.1M

Compliance Status

Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

A

Very Good

80Score

Is Energy Vault Holdings, Inc. (NRGV) halal? Halal. Based on AAOIFI screening, Energy Vault Holdings, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 80/100 (Grade: A).

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

6.9% of 30.0% limit

What this means for you

You can own NRGV

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purify 2.4% of your income from NRGV

That is about $2.40 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Energy Vault Holdings, Inc.

Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in the United States, Switzerland, United Kingdom, North America, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; G-Vault, a gravity energy storage solution for long-duration energy storage needs; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System which provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets; Vault-Bidder, which utilizes artificial intelligence to leverage diverse, live data from directly monitored assets and external drivers to provide dispatch and revenue optimization; and Vault-Manager, which converts diverse, real-time data into clear asset performance visibility and insights, facilitating improved decision-making regarding maintenance, augmentation, and expansion. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.

Sector: Industrials · Industry: Electrical Equipment & Parts

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: EDGAR

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Frequently Asked Questions

Is Energy Vault Holdings, Inc. (NRGV) halal to invest in?
Based on AAOIFI Standard 21 screening, Energy Vault Holdings, Inc. (NRGV) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Energy Vault Holdings, Inc. get a A compliance rating?
Energy Vault Holdings, Inc. (NRGV) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 6.9% (limit 30%); interest-bearing deposits of 3.3% (limit 30%); prohibited income of 2.38% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Energy Vault Holdings, Inc.'s Shariah verdict?
Energy Vault Holdings, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Energy Vault Holdings, Inc. re-screened for Shariah compliance?
Energy Vault Holdings, Inc. (NRGV) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 17, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.