Sustainability Roundtable, Inc Announces Synopsys has Purchased 90 MW of Solar Energy through its Net Zero Consortium for Buyers

Core Insights - Synopsys, Inc. has purchased 90 MW of solar energy from the Millers Branch Solar Facility in Texas, facilitated by the Net Zero Consortium for Buyers (NZCB) [1][2] - This purchase is part of Synopsys' strategy to meet its emissions reduction targets approved by the Science Based Targets initiative (SBTi) [2][4] - The Millers Branch project is expected to support the increasing energy demands in the ERCOT region, particularly due to the rise of large-scale computing facilities [3][4] Group 1: Synopsys' Renewable Energy Strategy - Synopsys aims for a 55% reduction in scope 1 and 2 greenhouse gas emissions by 2032, with investments in renewable energy projects like Millers Branch Solar [4] - The company previously engaged in a 15 MW wind offtake through NZCB in 2021, showcasing a commitment to renewable energy procurement [2][4] - The NZCB platform has facilitated aggregated virtual power purchase agreements (VPPAs) for renewable energy credits, contributing to SR Inc's goal of achieving 1 GW of new renewable energy capacity by year-end [4] Group 2: Industry Implications - The procurement by Synopsys sets a precedent for other technology companies to follow, especially as electricity demands rise due to AI innovations [3] - The Millers Branch facility is expected to be operational in the fourth quarter of 2026, contributing to the shift in power generation in Texas [3] - SR Inc's NZCB aims to create favorable renewable energy transactions for corporate buyers, promoting a profitable path to Net Zero emissions [6]