Potential offtaker

Lenovo Group Limited

www.lenovo.com

Estimated electricity consumption

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Lenovo Group Limited is a Chinese multinational technology company that specializes in the production of personal computers, smartphones, tablets, servers, and other electronic devices. The company was founded in Beijing in 1984 and has since grown to become one of the largest PC manufacturers in the world, with operations in over 60 countries.

Lenovo's commitment to sustainability and decarbonisation is evident in its corporate energy strategy. The company has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. In 2020, Lenovo announced that it had achieved its goal of reducing carbon emissions by 40% per unit revenue compared to 2010 levels, two years ahead of schedule.

One of the key ways that Lenovo is achieving its decarbonisation goals is through the use of corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for the energy generated by the provider. This allows companies like Lenovo to secure a reliable source of renewable energy while also supporting the growth of the renewable energy industry.

In 2020, Lenovo signed its first corporate PPA for renewable energy with a wind farm in Inner Mongolia, China. The agreement will provide Lenovo with 23,000 megawatt-hours of renewable energy per year, which is equivalent to the electricity consumption of 10,000 households. This represents a significant step towards Lenovo's goal of sourcing 50% of its global electricity consumption from renewable sources by 2030.

Lenovo is also investing in renewable energy projects of its own. In 2019, the company completed the installation of a 1.6-megawatt solar array at its manufacturing facility in North Carolina, USA. The solar array is expected to generate around 2.2 million kilowatt-hours of electricity per year, which is equivalent to the energy consumption of 200 homes. Lenovo has also installed solar panels on the roofs of its offices and factories in China, which are expected to generate around 20 million kilowatt-hours of electricity per year.

In addition to its renewable energy efforts, Lenovo is also focused on reducing its overall energy consumption through energy efficiency measures. The company has implemented a range of initiatives to reduce the energy consumption of its products, including the use of energy-efficient components and software, and the optimization of power management settings. Lenovo has also implemented energy-saving measures in its offices and factories, such as the use of LED lighting and the installation of energy-efficient heating and cooling systems.

Lenovo's commitment to sustainability and decarbonisation is not just limited to its energy strategy. The company is also focused on reducing its environmental impact in other areas, such as product design and manufacturing. Lenovo has implemented a range of measures to reduce the environmental impact of its products, including the use of recycled materials and the elimination of hazardous substances. The company has also implemented a closed-loop recycling system for its products, which allows it to recover and reuse materials from end-of-life products.

Overall, Lenovo Group Limited is a leader in the personal computer sector and is committed to sustainability and decarbonisation. The company's focus on renewable energy, energy efficiency, and environmental impact reduction is commendable and sets an example for other companies in the industry. By continuing to invest in renewable energy and implement energy efficiency measures, Lenovo is well-positioned to achieve its decarbonisation goals and contribute to a more sustainable future.