Keysight to Install Rooftop Solar Array in Penang, Malaysia

Rhea-AI Summary

Keysight Technologies, a leading technology firm, has announced the installation of its largest rooftop solar panel array in Penang, Malaysia, with an estimated completion date in Spring 2022. This 5.8 MW solar installation will produce around 7.9 million kWh of energy annually, addressing over 16% of the site’s energy consumption. The project aligns with Keysight's goal of achieving net zero emissions by 2040 and demonstrates its commitment to sustainability by potentially reducing carbon emissions by 5,000 metric tons in the first year.

Positive

• Installation of the largest solar array for Keysight, promoting sustainability.
• Estimated annual energy production of 7.9 million kWh, covering over 16% of site energy needs.
• Commitment to net zero emissions by 2040, aligning with global sustainability goals.

Negative

• None.

Largest solar panel installation for Keysight globally accelerates company’s commitment to net zero emissions with on-site renewable energy generation

SANTA ROSA, Calif.--(BUSINESS WIRE)-- Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, announced the installation of a rooftop solar array at the company’s largest site, located in Penang, Malaysia, with completion estimated for Spring 2022.

Keysight Malaysia Aerial View (Photo: Business Wire)

Keysight is committed to achieving net zero emissions in company operations by the end of fiscal year 2040, in alignment with the Paris Agreement's preferred goal to limit global warming to 1.5°C.

“One of Keysight’s top priorities is mitigating the impacts of climate change and leaving a healthier planet for future generations. Social responsibility is one of the key values of the Keysight Leadership Model and is at the core of our DNA,” said Alicia Benson, global director of Keysight’s Workplace Solutions. “This solar installation project is an example of our commitment to a low carbon future, and proof that we are making steady progress toward achieving our goals.”

Covering the rooftops of all eight buildings at the Bayan Lepas site in Penang, Malaysia, this is the largest solar power generation system for Keysight globally and the largest industry rooftop PV system in Penang. It is a 5.8 megawatt (MW) peak solar installation, creating approximately 7.9 million kWh of energy annually, which is more than 16 percent of the total current annual energy consumption at the site. It will reduce the equivalent of approximately 5,000 metric tons of carbon dioxide emissions in the first year and more than 95,000 metric tons over 20 years.

“Despite the challenges of the recent pandemic, we have continued to make progress on this project and many other initiatives towards our CSR objectives. We remain steadfast in our commitment to building a better planet and supporting local communities where we operate,” said Gooi Soon Chai, Keysight senior vice president and president of Keysight Malaysia and Singapore. “As a leading industry player in Malaysia for the past 50 years, we are also extremely proud to contribute to Malaysia’s 2050 carbon neutral goal as outlined in the Twelfth Malaysia Plan. We welcome and support the shift to more sustainable economic practices in countries worldwide.”

About Keysight Technologies

Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow’s technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments. Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor and general electronics markets. Keysight generated revenues of $4.2B in fiscal year 2020. For more information about Keysight Technologies (NYSE: KEYS), visit us at www.keysight.com.

Additional information about Keysight Technologies is available in the newsroom at https://www.keysight.com/go/news and on Facebook, LinkedIn, Twitter and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211026005853/en/

Geri Lynne LaCombe, Americas/Europe

+1 303 662 4748

geri_lacombe@keysight.com

Fusako Dohi, Asia

+81 42 660-2162

fusako_dohi@keysight.com

Source: Keysight Technologies, Inc.

FAQ

What is the significance of Keysight's solar panel installation in Penang?

The installation is Keysight's largest rooftop solar panel array, enhancing its sustainability efforts.

How much energy will Keysight's new solar installation generate annually?

The solar installation is expected to produce approximately 7.9 million kWh of energy each year.

What are Keysight's sustainability goals related to carbon emissions?

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

What reduction in carbon emissions is expected from Keysight's solar project?

The project is projected to reduce carbon emissions by around 5,000 metric tons in its first year.