Sunnova Energy Corporation, a leading provider in the solar thermal electricity industry, is headquartered in the United States and operates across various major regions, including California and Texas. Founded in 2012, Sunnova has rapidly established itself as a key player in the renewable energy sector, focusing on innovative solar solutions that empower homeowners and businesses to harness the sun's energy.
The company offers a range of core products and services, including solar panel installations and energy storage systems, distinguished by their commitment to customer-centric solutions and flexible financing options. With a strong market position, Sunnova has achieved significant milestones, including a growing customer base and recognition for its contributions to sustainable energy. As a pioneer in solar thermal technology, Sunnova Energy continues to drive the transition towards cleaner, more efficient energy solutions.
+3 vs industry average
Sunnova Energy’s score of 13 is lower than 47% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Solar Thermal Electricity is among the most carbon-intensive industries
Industry performance
The Solar Thermal Electricity industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sunnova Energy's reported carbon emissions
Sunnova Energy, a US-based electricity by solar thermal company, reported a total of approximately 853.8 million kg CO2e emissions in 2023. This figure includes Scope 1 emissions totalling about 5.1 million kg CO2e, Scope 2 emissions of approximately 0.9 million kg CO2e (market-based), and substantial Scope 3 emissions amounting to about 847.8 million kg CO2e. The largest contributors to Scope 3 emissions were purchased goods and services (approximately 746.2 million kg CO2e) and investments (approximately 87.8 million kg CO2e).
In 2022, Sunnova Energy's total emissions were approximately 633.2 million kg CO2e. This comprised about 1.5 million kg CO2e of Scope 1 emissions, approximately 0.9 million kg CO2e of Scope 2 emissions (market-based), and Scope 3 emissions of around 630.9 million kg CO2e. Purchased goods and services represented the largest portion of Scope 3 emissions, at approximately 607.6 million kg CO2e.
The company has established climate commitments, including a near-term target to reduce its Scope 1 and Scope 2 emissions by 30% from a 2022 baseline by 2030. Additionally, Sunnova Energy aims to achieve net-zero emissions by 2050, covering both Scope 1 and Scope 2 emissions.
Sunnova Energy's emissions data is not cascaded from a parent organisation.
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Sunnova Energy’s Climate Goals (2030 & 2050)
4 goals2030
30% reduction in Scope 1
We aim to reduce our Scope 1 emissions by 30% from a 2022 baseline by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 4 climate goals
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Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Sunnova Energy
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