In 2024, SPX Technologies disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
SPX Technologies 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 | 520,013a | 432,223a | 434,308a | |
Non-Renewable Energy Consumption | 519,912a | 432,115a | 434,207a | |
Renewable Energy Consumption | 101a | 108a | 101a |
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In 2024, SPX Technologies consumed a total of 520,012.8 Gigajoules of energy across its operations. Of this total, 0.02% 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 99.98% 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, SPX Technologies consumed a total of 520,012.8 Gigajoules of energy, of which 0.02% 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 SPX Technologies has considerable room to improve its energy sustainability strategy.
Since 2020, SPX Technologies's total energy consumption increased by 29.65%, including a 20.31% increase in 2024, reflecting a sustained rise in overall energy demand.a
Over the same period, the share of renewable energy decreased by 94.68%, with a further 22.42% drop in 2024, highlighting a weakening in renewable energy performance.a
Overall, SPX Technologies is consuming more energy while simultaneously reducing its use of renewable sources, raising concerns about a growing dependency on fossil fuels and the company’s alignment with sustainability goals.