Novanta Inc
Novanta Energy Data Preview
In 2023, Novanta disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Novanta disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
However, Novanta did not provide a breakdown of its energy sources or generation technologies, limiting visibility into its energy mix and the role of renewables versus fossil fuels.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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Insights into Novanta's Energy Renewability
In 2023, Novanta consumed a total of 92,786.4 Gigajoules of energy across its operations. Of this total, 40.97% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 59.03% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Novanta's Energy Renewability Rate
How much of Novanta's energy consumed is renewable?
In 2023, Novanta consumed a total of 92,786.4 Gigajoules of energy, of which 40.97% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This moderate level of renewable energy adoption indicates that Novanta is transitioning toward cleaner energy sources, though a significant share of its energy mix still relies on non-renewable inputs.
Are Novanta's energy practices becoming more sustainable?
Since 2021, Novanta's total energy consumption increased by 7.57%, but declined by 6.51% in 2023, suggesting a recent moderation in energy use.
Over the same period, the share of renewable energy in Novanta's consumption increased by 44.63%, including a 13.81% increase in 2023, showing consistent progress in clean energy adoption.
Overall, Novanta’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.
Novanta's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed