In 2024, Shenzhen Inovance Technology disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Shenzhen Inovance Technology disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Energy Consumption | 1,019,769a | 833,075a | 547,453a | |
Non-Renewable Energy Consumption | 949,120a | 801,602a | 528,811a | |
Renewable Energy Consumption | 70,649a | 31,472a | 18,643a |
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In 2024, Shenzhen Inovance Technology consumed a total of 1.02 million Gigajoules of energy across its operations. Of this total, 6.93% 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 93.07% 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.a
In 2024, Shenzhen Inovance Technology consumed a total of 1.02 million Gigajoules of energy, of which 6.93% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Shenzhen Inovance Technology has considerable room to improve its energy sustainability strategy.
Since 2022, Shenzhen Inovance Technology's total energy consumption increased by 86.28%, including a 22.41% increase in 2024, reflecting a sustained rise in overall energy demand.a
Over the same period, the share of renewable energy in Shenzhen Inovance Technology's consumption increased by 103.44%, including a 83.38% increase in 2024, showing consistent progress in clean energy adoption.a
Overall, Shenzhen Inovance Technology has seen rising energy demand, but has also made strong and consistent progress in increasing its reliance on renewable energy—mitigating the environmental impact of its growing consumption.