Earlier quoted context omitted.
I can imagine that the power draw in S3 could come from having (replacable) DDR Memory instead of (mostly soldered) LP-DDR Memory. edit: typo.
The problem is that current Intel laptops don't use S3 anymore, they use S0ix a.k.a. "modern standby", an abomination where the CPU doesn't really sleep and the battery drains fast. Dell, Lenovo, HP etc. all have the same problem.
Lenovo put out a buggy S3 implementation on some systems that hasn't been tested well because it's only an optional "Linux suspend" setting. Drains twice as fast as Linux with correctly implemented S0ix. And the worst thing is, nobody except Lenovo do can fix it because it's all on the BIOS level, and their China-based firmware team has other priorities.
Well-implemented S3 is nice. But it's going to disappear. Both Intel and AMD are switching away with full force, vendors won't have S3 options in the BIOS going forward and the ones that remain will likely suck. On the other hand, S0ix support is coming together even on AMD platforms which were a little late to the party. Once it's working decently, I'd rather trust my OS than my laptop manufacturer's firmware team to suspend components correctly.