II-VI Incorporated Powers All its European Sites with 100% Renewable Electricity
October 19, 2021 at 06:00 pm IST
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II-VI Incorporated announced that it is powering all its facilities in Europe with 100% renewable electricity sources. The renewable electricity is supplied to II-VI?s manufacturing operations, research and development sites, and sales offices throughout six European countries (Belgium, Germany, Italy, Sweden, Switzerland, and the U.K.), encompassing 615,000 square feet, or 57,000 square meters, of facility space across 12 sites. To power its footprint across Europe, II-VI is purchasing approximately 38 million kilowatt-hours (kWh) per year of renewable electricity, and thereby eliminating about 5,800 metric tons of CO2 emissions each year. Globally, II-VI has entered into renewable-electricity contracts for 24 sites, including 14 of them now covering 100% of their annual electricity usage from renewable sources. Over 20% of II-VI?s global electricity needs are now being supplied by renewable sources across the U.S. and Europe. The percentage of renewable electricity powering II-VI?s operations is expected to grow annually and, in the future, include the company?s major manufacturing sites in Asia.
Coherent Corp. is a vertically integrated manufacturing company. The Company develops, manufactures and markets engineered materials, optoelectronic components and devices, optical and laser subsystems and systems for use in the industrial, communications, electronics, and instrumentation markets. Its segments include Networking, Materials, and Lasers. The Networking segment designs, manufactures, and markets products, such as optical and electro-optical components and materials, infrared optical components, semiconductor lasers and detectors, engineered materials, and compound semiconductor epitaxial wafers. The Materials segment manufactures transceivers for data centers and telecom optical networks, pump lasers, optical amplifiers, crystal materials, optics, lasers and optoelectronic modules. The Lasers segment offers lasers and optics products that serve industrial customers in semiconductor and display capital equipment, precision manufacturing, and aerospace and defense.