Keysight Partners for 39-MW Solar Project in Texas

• Keysight Technologies commits to sustainability, partnering with Southern Power to harness solar energy and reduce its carbon footprint through a new virtual power purchase agreement.

Keysight Technologies Inc., a leader in electronic design and testing solutions, has entered into a virtual power purchase agreement (VPPA) with Southern Power to acquire renewable energy credits from a 39-megawatt segment of a solar expansion project in Texas. This commitment aligns with Keysight’s sustainability goals and efforts to enhance its environmental impact.

The VPPA will support the growth of renewable energy sources while helping Keysight meet its energy requirements. By investing in solar power, the company aims to reduce its carbon footprint and promote sustainable practices within the technology sector.

How will Keysight's VPPA with Southern Power enhance its sustainability efforts?

Here are some additional key points on how Keysight's VPPA with Southern Power will enhance its sustainability efforts:

• Increased Renewable Energy Procurement: The VPPA allows Keysight to significantly increase its purchase of renewable energy, which is essential for meeting corporate sustainability targets and reducing reliance on fossil fuels.
• Diversification of Energy Sources: By securing renewable energy credits from a solar project, Keysight diversifies its energy portfolio, reducing risks associated with price volatility in traditional energy markets and enhancing energy security.
• Long-Term Commitment to Sustainability: The long-term nature of a VPPA signals Keysight’s sustained commitment to sustainability, providing a stable financial framework to invest further in clean technologies and projects.
• Reduction of Greenhouse Gas Emissions: By sourcing renewable energy, Keysight will be actively working toward achieving its specific emissions reduction goals, helping to mitigate climate change impacts associated with its operations.
• Support for Local Economies: The VPPA is not only about Keysight; by engaging in a virtual power purchase agreement, the company contributes to job creation and economic development in the local Texas community where the solar project is located.
• Innovation in Energy Management: Keysight’s involvement in a VPPA exemplifies leadership in integrating innovative energy management solutions, promoting advancements in sustainable practices within the technology industry.
• Alignment with Global Sustainability Standards: The initiative aligns with global sustainability frameworks, such as the Science Based Targets initiative (SBTi), enhancing the company's reputation and commitment to accountability in meeting environmental goals.
• Enhanced Corporate Social Responsibility (CSR): This agreement bolsters Keysight's CSR strategy, showcasing the company’s role as a responsible corporate citizen committed to energy transition and environmental stewardship.
• Benchmarking for Industry Standards: Keysight's VPPA sets a benchmark for other technology firms, encouraging peers in the industry to consider similar renewable energy agreements, thereby amplifying the overall impact on sustainability across the sector.
• Stakeholder Engagement and Transparency: By engaging in impactful agreements like the VPPA, Keysight improves transparency with stakeholders, including investors, customers, and employees, regarding its sustainability efforts and corporate ethos.