Keysight Signs Virtual Power Purchase Agreement for Renewable Energy Development
- Long-term commitment to acquire renewable energy credits from a new solar project
- Matches 100% of Keysight’s electricity consumption in the United States
SANTA ROSA, Calif.–(BUSINESS WIRE)–$KEYS #CSR—Keysight Technologies, Inc. (NYSE: KEYS), signed a virtual power purchase agreement (VPPA) with Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, to acquire renewable energy credits produced by a 39 MW portion of the Phase III expansion at the Millers Branch Solar Facility.
The VPPA allows Keysight to support renewable energy development, demonstrating Keysight’s commitment to mitigate the worst impacts of climate change. Phase III of the project, located in Haskell County, Texas, is expected to achieve commercial operation in the first quarter of Keysight’s fiscal year 2027.
Keysight’s portion of the project is estimated to generate renewable electricity equivalent to 100% of the company’s electricity consumption in the United States and Canada. This commitment will result in significant progress towards Keysight’s renewable electricity initiatives, near-term science-based target, and goal to achieve net zero greenhouse gas emissions in company operations by the end of fiscal year 2040.
Ingrid Estrada, Chief People and Administrative Officer at Keysight, said: “We are proud to support the development of new renewable electricity and reduce global greenhouse gas emissions. By signing our first VPPA, Keysight is taking a huge step in our sustainability journey, and we look forward to making continued progress in this space.”
Resources:
- Corporate Social Responsibility webpage: Keysight CSR
- Report: Keysight’s 2023 CSR Report
About Keysight Technologies
At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we’re delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. We’re a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and www.keysight.com.
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