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Keysight Signs Virtual Power Purchase Agreement for Renewable Energy Development

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Keysight Technologies (NYSE: KEYS) has signed a virtual power purchase agreement (VPPA) with Southern Power to acquire renewable energy credits from a 39 MW portion of the Phase III expansion at the Millers Branch Solar Facility in Haskell County, Texas. The project is expected to begin commercial operation in Q1 of fiscal year 2027.

The agreement will generate renewable electricity equivalent to 100% of Keysight's electricity consumption in the United States and Canada. This initiative supports Keysight's environmental goals, including their near-term science-based target and objective to achieve net zero greenhouse gas emissions in company operations by the end of fiscal year 2040.

Keysight Technologies (NYSE: KEYS) ha firmato un accordo di acquisto virtuale di energia (VPPA) con Southern Power per acquisire crediti di energia rinnovabile da una porzione di 39 MW dell'espansione Fase III presso l'impianto solare Millers Branch nella contea di Haskell, Texas. Il progetto dovrebbe iniziare le operazioni commerciali nel primo trimestre dell'anno fiscale 2027.

L'accordo genererà elettricità rinnovabile equivalente a 100% del consumo elettrico di Keysight negli Stati Uniti e in Canada. Questa iniziativa supporta gli obiettivi ambientali di Keysight, inclusi il loro obiettivo a breve termine basato su dati scientifici e l'obiettivo di raggiungere emissioni net-zero di gas serra nelle operazioni aziendali entro la fine dell'anno fiscale 2040.

Keysight Technologies (NYSE: KEYS) ha firmado un acuerdo de compra de energía virtual (VPPA) con Southern Power para adquirir créditos de energía renovable de una porción de 39 MW de la Fase III de expansión en la instalación solar Millers Branch en el condado de Haskell, Texas. Se espera que el proyecto comience la operación comercial en el primer trimestre del año fiscal 2027.

El acuerdo generará electricidad renovable equivalente al 100% del consumo eléctrico de Keysight en Estados Unidos y Canadá. Esta iniciativa apoya los objetivos ambientales de Keysight, incluidos su objetivo a corto plazo basado en la ciencia y la meta de lograr emisiones netas de gases de efecto invernadero en las operaciones de la empresa para finales del año fiscal 2040.

Keysight Technologies (NYSE: KEYS)는 Southern Power와 가상 전력 구매 계약(VPPA)을 체결하여 텍사스 Haskell 카운티에 있는 Millers Branch 태양광 시설의 39 MW 확장 제3단계에서 재생 가능 에너지 크레딧을 확보합니다. 이 프로젝트는 2027 회계연도의 첫 분기에 상업 운영을 시작할 것으로 예상됩니다.

이번 계약은 미국과 캐나다에서 Keysight의 전기 소비량의 100%에 해당하는 재생 가능 전력을 생산합니다. 이 이니셔티브는 Keysight의 환경 목표를 지원하며, 여기에는 단기 과학 기반 목표와 2040 회계연도 말까지 회사 운영에서 온실가스 배출 넷 제로 목표를 달성하는 것이 포함됩니다.

Keysight Technologies (NYSE: KEYS) a signé un accord d'achat d'énergie virtuel (VPPA) avec Southern Power pour acquérir des crédits d'énergie renouvelable provenant d'une portion de 39 MW de l'extension Phase III de l'installation solaire Millers Branch dans le comté de Haskell, Texas. Le projet devrait commencer son exploitation commerciale au premier trimestre de l'exercice fiscal 2027.

L'accord générera de l'électricité renouvelable équivalente à 100 % de la consommation électrique de Keysight aux États-Unis et au Canada. Cette initiative soutient les objectifs environnementaux de Keysight, y compris leur objectif à court terme basé sur des données scientifiques et l'objectif d'atteindre des émissions nettes nulles de gaz à effet de serre dans les opérations de l'entreprise d'ici la fin de l'exercice fiscal 2040.

Keysight Technologies (NYSE: KEYS) hat einen virtuellen Stromabnahmevertrag (VPPA) mit Southern Power unterzeichnet, um erneuerbare Energiegutschriften von einem 39 MW Anteil der Phase-III-Erweiterung der Millers Branch Solar-Anlage im Haskell County, Texas, zu erwerben. Es wird erwartet, dass das Projekt im ersten Quartal des Geschäftsjahres 2027 den kommerziellen Betrieb aufnimmt.

Der Vertrag wird erneuerbare Elektrizität generieren, die 100 % des Stromverbrauchs von Keysight in den Vereinigten Staaten und Kanada entspricht. Diese Initiative unterstützt die Umweltziele von Keysight, einschließlich des kurzfristigen, wissenschaftlich fundierten Ziels, bis Ende des Geschäftsjahres 2040 netto null Treibhausgasemissionen in den Unternehmensabläufen zu erreichen.

Positive
  • Agreement will cover 100% of company's electricity consumption in US and Canada
  • Supports progress toward net zero emissions goal by 2040
  • Demonstrates commitment to environmental sustainability goals
Negative
  • None.
  • 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)-- 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.”

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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.

Keysight Media Contacts

North America PR Team

pdl-americas-keysight@keysight.com

Fusako Dohi

Asia

+81 42 660-2162

fusako_dohi@keysight.com

Jenny Gallacher

Europe

+44 118 927 4003

jenny.gallacher@keysight.com

Source: Keysight Technologies, Inc.

FAQ

When will Keysight's (KEYS) Millers Branch Solar Facility Phase III begin operations?

The Phase III of the Millers Branch Solar Facility is expected to begin commercial operation in the first quarter of Keysight's fiscal year 2027.

How much renewable energy will Keysight's (KEYS) VPPA generate?

The VPPA covers a 39 MW portion of the solar facility, which will generate renewable electricity equivalent to 100% of Keysight's electricity consumption in the United States and Canada.

What is Keysight's (KEYS) greenhouse gas emissions target?

Keysight aims to achieve net zero greenhouse gas emissions in company operations by the end of fiscal year 2040.

Where is the solar facility for Keysight's (KEYS) VPPA located?

The Millers Branch Solar Facility is located in Haskell County, Texas.

Keysight Technologies, Inc.

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