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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.
+2 vs industry average
Sunnova Energy’s score of 13 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Solar Thermal Electricity is among the most carbon-intensive industries
The Solar Thermal Electricity industry has reduced its overall emissions by 36% since 2018
Scope 3 accounts for ••• of total emissions.
Sunnova Energy, a US-based company in the Electricity by solar thermal industry, reported total greenhouse gas emissions of approximately 853.8 million kg CO2e in 2023. This figure includes Scope 1 emissions of about 5.1 million kg CO2e, market-based Scope 2 emissions of approximately 919,000 kg CO2e, and Scope 3 emissions of around 847.8 million kg CO2e.
Looking back, their total emissions were approximately 633.2 million kg CO2e in 2022, 3.5 million kg CO2e in 2021, and 2.4 million kg CO2e in 2020. The significant increase in total emissions from 2021 to 2022 and 2023 is largely attributable to expanded reporting of Scope 3 categories, particularly purchased goods and services, investments, and upstream transportation and distribution, which were not comprehensively reported in earlier years. For example, in 2023, Scope 3 purchased goods and services accounted for roughly 746.2 million kg CO2e, and investments for about 87.8 million kg CO2e.
Sunnova Energy has committed to several climate goals. They aim to reduce both their Scope 1 and Scope 2 emissions by 30% from a 2022 baseline by 2030. Furthermore, the company has a long-term ambition to achieve net-zero emissions for both Scope 1 and Scope 2 by 2050. All reported emissions data and reduction targets are directly from Sunnova Energy International Inc. and are not cascaded from a parent or related organisation.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
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