MUNICH, June 20, 2024 /PRNewswire/ -- Envision Energy, a
global leader in green technology, has unveiled its 2024 Net Zero
Action Report in Intersolar, declaring its second consecutive year
of carbon-neutral operations on a global scale. The report
underscores Envision's commitment to achieving carbon neutrality
throughout its entire value chain by 2028 and its long-term
goal of Net Zero emissions by 2040.
The International Renewable Energy Agency (IRENA) estimates that
to achieve net zero emissions by 2050, the global energy sector
needs to transition towards renewables at an accelerated rate.
According to World Energy Transitions Outlook 2022, increasing the
share of renewables in power generation from the current 28% to 86%
by 2050. Decarbonizing industries, which are responsible for a
significant portion of global emissions, is crucial.
The report arrives exactly at the time when green
energy technology has matured, with costs continuing to decrease.
To enhance product competitiveness and drive the green energy
transition, Envision emphasizes the need for leading
businesses to take decisive action towards Net Zero
initiatives, setting industry benchmarks for decarbonization.
A Bold Path to Zero Carbon
As part of the mission to help humanity solve the
challenges of a sustainable future, Envision has laid out an
ambitious roadmap to net zero and have achieved success. As of
2023, Envision obtained 99% of its power from renewables, aiming to
use 100% renewable electricity by 2025. The direct supply of green
electricity is the key to breaking through carbon barriers.
Envision is actively promoting low-carbon energy use and green
transformation to reduce the carbon footprint of products. In the
past year, Envision has implemented more than 20 energy-saving
strategies at its plants, use on-site and off-site renewables, and
then carbon offsets and removal, to achieve operational carbon
neutrality with the help of EnOS Ark energy and carbon management
system, which is not only managing emissions at our many factories
and offices — it's also helping hundreds of its suppliers navigate
their net zero transitions.
Pioneering the Net Zero Industrial Park Model
The industrial sector's deep dive into Net Zero transformation
is made possible by Envision's innovative Net Zero Industrial Park
model. First launched in Ordos, Inner Mongolia, in 2022, the park's
fusion of renewable energy system and low-carbon manufacturing
solutions has set a new standard for green industrial systems. The
park creates the industrial scale off-grid solution and unlocks the
full development potential of renewable energy without constraints
of grid connectivity. By 2023, the model has
proliferated with Envision's green hydrogen project in
Chifeng, becoming the world's first and largest commercial scale
green hydrogen and ammonia project. The project aims to produce 1.5
million tons of green hydrogen-ammonia annually, with the first
phase of 300,000 tons already in operation. This Net Zero
Industrial Park model has now expanded to Europe, the Middle
East, and Southeast Asia.
With the largest commercial green hydrogen project under its belt
and the first Net Zero industrial park, Envision is the only
company to receive two awards at COP28 as an "Energy Transition Changemaker."
Cultivating a Global Net Zero Network
Envision's ambition goes beyond being a Net Zero technology
pioneer; it aims to become a Net Zero technology partner for
diverse industries. Envision is providing integrated Net Zero
energy services for various sectors, serving Microsoft,
Saint-Gobain, Nike etc.
In the healthcare industry, Envision signed a renewable energy
supply agreement with five Global healthcare leaders - AstraZeneca,
Lonza, Novartis, Novo Nordisk and Roche, to offer them 100%
green electricity, aiding their low-carbon green
transformation. In the energy and chemical sector, Envision is
working with BASF on a dynamic new process to convert green
hydrogen and CO2 into clean e-methanol, a clean-burning and highly
versatile fuel with the potential to transform the energy and
industrial sectors.
Exceptional Net Zero Achievements
Envision Energy's efforts in leading the global green energy
transformation have earned it a place in TIME "2024 Most
Influential Companies" list as a "Green Giant". The company has
also awarded EcoVadis Gold Rating for its outstanding
sustainability practices in the top 4% globally. Furthermore,
Envision has been the first Chinese new energy company to receive a
leadership rating (A-) from CDP and has been on the CDP Supplier
Engagement Leaderboard for two consecutive years. For two years in
a row, Envision has received more wind turbine orders than any
other company in the world, with cumulatively installation of over
60GW wind turbine power, with a combined output of almost 360TWh,
saving 280 million tons of CO2 — the equivalent of 110 million tons
of coal. The company also ranked by Bloomberg BNEF as Tier 1 global
energy storage manufacturer in 2024 Q2.
Today's release of the Net Zero Action Report unveils the "true
scripture" of decarbonization, marking Envision's second
consecutive year of achieving operational carbon neutrality. The
company have been solidifying its global influence by setting its
sights even higher, aiming for carbon neutrality across its higher
value chain and reaching Net Zero carbon goals.
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