- Press Releases
January 13 (Renewables Now) - US engineered materials and optoelectronic components supplier II-VI Inc (NASDAQ:IIVI) has signed a contract in China to buy renewable energy for the purpose of supplying its site in Wuxi.
The Saxonburg, Pennsylvania-based company announced the deal on Thursday, saying that over the next four years its Wuxi facility will become the largest II-VI site to run on 100% renewable electricity. The plant there represents about 50% of the company’s footprint in China and some 20% globally.
“This purchase agreement includes approximately 167 million kWh of renewable electricity over the next four years, thereby avoiding nearly 92,000 metric tons of CO2 emissions cumulatively over this period,” said Gary Lin, Senior Vice President, Operations, Photonic Solutions Segment.
II-VI already powers all of its European sites with 100% renewable electricity. The company has similar contracts for a total of 25 facilities around the world.