Bangkok: Innopower Co., Ltd., a leader in clean energy and sustainable technology, has reported a significant increase in its revenue for the first half of 2024, achieving a total of 151.4 million baht, which marks a 159% rise compared to the same period in 2023.
According to Thai News Agency, the company’s CEO, Mr. Athip Tantivorawong, attributed this remarkable growth primarily to the expansion of their Future of Mobility sector. This includes a range of services from EV Fleet solutions to the installation and distribution of electric vehicle charging stations, which alone saw a 272% increase from the previous year. The renewable energy certificate (REC) trading business also showed a healthy growth of 10% year-over-year, contributing to the company’s robust financial performance.
In addition to mobility solutions, Innopower’s other core areas such as the Future of Energy-focusing on consulting and developing innovations in energy infrastructure-and sustainability consulting related to corporate carbon ma
nagement have seen steady growth. This aligns with the company’s strategic positioning as a ‘Decarbonization Partner’, aiming to support the global transition to net zero greenhouse gas emissions and significantly reduce carbon footprints.
The company, which was established in 2022, has also reported achieving a positive net profit in 2024, one year ahead of its projected timeline. This financial milestone underscores Innopower’s effective business management and its commitment to sustainable development. Their efforts have not only focused on profitability but also on customer satisfaction and societal value, contributing to a reduction of more than 805,000 tons of carbon dioxide emissions.
Looking forward, Mr. Athip expressed optimism about maintaining the growth trajectory in the latter half of 2024, with a targeted overall revenue growth of 100%. He emphasized the company’s commitment to aiding its partners and customers in reducing greenhouse gas emissions through cost-effective solutions.