Shanghai-based energy technology manufacturer Envision has joined the global RE100 initiative with the most ambitious and earliest 100% renewable energy target out of all member companies from mainland China, committing to be powered by 100% electricity by 2025.
Envision, a manufacturer of wind turbines, energy management software, and energy technology services, will look to wind energy and solar energy coupled with smart energy management to reach its new 100% renewable energy target, and will seek to supply renewable electricity to its battery factories located in Japan, the United States, and the United Kingdom.
Through its new renewable energy target, the company expects to save hundreds of thousands of tons of greenhouse gas emissions each year by 2025, which will in turn save the company tens of millions of US dollars on its electricity bills.
“The mission of Envision is to solve the challenges for a sustainable future for human beings,” said Zhang Lei, CEO of Envision, who also called on other Chinese companies to “join RE100.”
“It’s a great step forward for Envision to lead by example,” added Yuming Hui, China Director, The Climate Group. “We hope it inspires thousands more Chinese companies to take action in their own operations – from buying certificates to installing solar PV and wind turbines, there are solutions available now.”
The global RE100 initiative — led by The Climate Group in partnership with CDP — draws together companies from around the world who are committed to 100% renewable electricity. With Envision’s commitment, RE100 now boasts over 190 major companies — many of which also have operations and supply chains in China.
Further, companies in the commercial and industrial sector currently account for approximately two-thirds of the world’s end-of-use electricity, meaning that large-scale adoption of renewable energy technology in the C&I sector could yield significant reductions in emissions and accelerate the transition to a clean economy.
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