Intel buys into green energy production
Intel purchases Renewable Energy Certificates to back environment-friendly energy production
Intel will purchase 1.3 billion kilowatt hours per year of Renewable Energy Certificates (REC), as part of its drive for better environmental efficiency.
The deal makes Intel the biggest buyer of green energy in the US, and represents the equivalent of powering 130,000 homes for a year, according the US Environmental Protection Agency (EPA).
Although renewable energy sources plug into the same national power grid as normal energy sources, making the electricity they produce indistinguishable from other sources, RECs are sold as a sign of ‘purchase' of renewable energy and as a pledge of support for renewable energy production.
Paul Otellini, president and CEO of Intel commented: "We have a long history of commitment to the environment and energy efficiency is an important consideration in everything we do, from building transistors to designing microprocessors and running our factories.
"Our renewable purchase is just one part of a multi-faceted approach to protect the environment, and one that we hope spurs additional development and demand for renewable energy," he added.
Intel says that it has invested over $20 million in more than 250 energy conservation projects in the past seven years.