In 2024, Wolfspeed disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Wolfspeed 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 | 2,432,738a | 2,120,980a | 1,663,056a | |
Non-Renewable Energy Consumption | 1,369,210a | 1,162,879a | 971,816a | |
Renewable Energy Consumption | 179,420a | 125,676a | 36,209a |
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In 2024, Wolfspeed consumed a total of 2.43 million Gigajoules of energy across its operations. Of this total, 7.38% 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 92.62% 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, Wolfspeed consumed a total of 2.43 million Gigajoules of energy, of which 7.38% 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 Wolfspeed has considerable room to improve its energy sustainability strategy.
Since 2019, Wolfspeed's total energy consumption increased by 73.11%, including a 14.7% increase in 2024, reflecting a sustained rise in overall energy demand.a
Over the same period, the share of renewable energy decreased by 3.76%, yet improved by 24.47% in 2024, suggesting a rebound in renewable sourcing.a
Overall, Wolfspeed’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.