Innopower’ revealed that its revenue in the first half of 2024 continued to grow, with a total revenue of 151.4 million baht, or 159% compared to revenue in the same period of 2023, reflecting strong growth in the clean energy and sustainable technology business.
Mr. Athip Tantivorawong, Chief Executive Officer of Innopower Co., Ltd., revealed the operating results for the first half of 2024 with a total revenue of 151.4 million baht, an increase of 159% when compared to the revenue in the first half of 2023, especially the Future of Mobility section to support the transition from combustion engines to clean fuel vehicles, including EV Fleet solutions, installation of electric vehicle charging stations, and distribution of electric vehicle chargers, which grew by 272% when compared to the same period last year.
In terms of the renewable energy certificate (REC) trading business, it grew by 10% compared to the same period last year and has a REC backlog covering ongoing operations.
Meanwhile, other core bu
sinesses such as Future of Energy, consulting and developing innovations in energy and infrastructure related to clean energy, as well as consulting on sustainability and corporate carbon management have also grown steadily. The index reflects the strong growth in clean energy and sustainable technology businesses and indicates the company’s potential to achieve its 100% revenue growth target this year, which has announced itself as a ‘Decarbonization Partner’ focusing on meeting the goal of net zero greenhouse gas emissions and reducing carbon emissions.
The Company started its business in 2022 and achieved positive net profit in 2024, one year ahead of schedule, demonstrating its ability to efficiently manage its business. Not only focusing on revenue, but also focusing on sustainable development, taking into account customer satisfaction and creating value back to society and the environment, through supporting partners in reducing greenhouse gas emissions, which has now helped reduce carbon dioxide emiss
ions by more than 805,000 tons. In addition, the Company has achieved its goal of building more than 100 partners and customers ahead of schedule in the first half of 2024, reflecting its success in expanding its business network and building strong sales and partnerships.
‘Last year’s exponential growth of 700% in revenue was just the beginning. 2024 will see continued signs of business expansion and will be another good year to drive our partners towards decarbonization by providing advice and providing the most suitable solutions to our customers that can help reduce greenhouse gas emissions effectively and cost-effectively. For the second half of 2024, we are committed to driving continuous growth and aim to achieve 100% growth,’ said Mr. Athip.
Source: Thai News Agency