Cypress’s CEO Issues “Declaration of Energy Independence,” Planning 100 Percent Self-Generation by 2015
July 02 2010 - 3:49PM
Business Wire
Cypress Semiconductor Corp. (Nasdaq:CY) CEO T.J. Rodgers today
declared that Cypress’s headquarters campus in San Jose, Calif.,
will be independent from the public utility grid by the year 2015.
The announcement was made as the company dedicated three new Bloom
Energy fuel cell systems at the site. The Bloom Energy Servers,
combined with existing rooftop solar panel installations, now
supply approximately 75 percent of Cypress’s electric needs.
“In the course of doing business, it sometimes becomes necessary
for a company to rethink the bonds that have connected it to other
organizations,” said Cypress’s founder, president and CEO T.J.
Rodgers, paraphrasing the opening passage of the U.S. Declaration
of Independence. “Until now, the monthly electric bill was seen by
California businesses as one of life’s certainties. That is no
longer the case, thanks to more affordable renewable energy
options.”
“Using both solar and renewable-fuel-powered Bloom Energy
Servers—and possibly other technologies still in their infancy—we
envision a fully functional campus with 100 percent clean,
self-sustaining electrical power,” Rodgers said. “We are
three-fourths of the way toward achieving our goal using technology
created right here in our own backyard, by the type of visionary
minds that made Silicon Valley the center of innovation.”
The three 100-kilowatt Bloom Energy Servers installed at Cypress
are expected to pay for themselves in five years, at which point
they will be generating nearly “free” electricity for Cypress. The
servers, about the size of an average parking space, convert air
and renewable biogas into electricity via a clean electrochemical
process. Each server contains thousands of Bloom's fuel cells –
flat, solid ceramic squares made from a sand-like powder—and
generates enough power to meet the needs of approximately 100
average U.S. homes, or one small office building.
“I want to thank Cypress for helping San Jose become the world’s
center of clean tech innovation,” said San Jose Mayor Chuck Reed.
“Cypress’s declaration reflects the Silicon Valley’s tradition of
creativity. Silicon Valley companies are transforming the way we
use energy through green technologies like Bloom Energy fuel cells
and SunPower solar cells. San Jose’s Green Vision sets ambitious
goals for halving our per capita energy use and getting 100 percent
of the city’s energy from clean, renewable sources. Efforts like
Cypress’s are showing us that it’s possible to do just that.”
“We are excited to provide Cypress with a renewable energy
solution that can contribute to their self-generation goal 24 hours
a day, 365 days a year,” said KR Sridhar, Bloom Energy co-founder
and CEO. “With Bloom’s Energy Servers, our customers are able to
ensure their energy security while also dramatically reducing their
costs and their carbon footprint.”
Cypress celebrated its independence declaration today with an
event at its campus, featuring comments from T.J. Rodgers, K.R.
Sridhar, SunPower founder and CTO Dick Swanson, San Jose Mayor
Chuck Reed, and Santa Clara County Supervisor Dave Cortese. The
event also showcased renewable energy exhibits from Bloom Energy,
SunPower, and Cypress Envirosystems, a Cypress subsidiary that
provides solutions to retrofit existing buildings and industrial
plants for energy efficiency. There also were green energy exhibits
from local high school students displayed at the event. These
included a SmartBike by David Zarrin of Saratoga High School, a
next-generation hydrogen fuel cell project designed by Aakriti Jain
and Emily Cheng of Lynbrook High, and a solar-operated room cooling
system by William Thornbury of De La Salle.
SunPower designs, manufactures and delivers the planet's most
powerful solar technology broadly available today. Cypress spun out
SunPower in 2008 in a tax-free stock distribution worth $2.6
billion.
Photo
To download a copy of Cypress’s “Declaration of Energy
Independence,” go to www.cypress.com/go/declaration.
About Cypress
Cypress delivers high-performance, mixed-signal, programmable
solutions that provide customers with rapid time-to-market and
exceptional system value. Cypress offerings include the flagship
PSoC® programmable system-on-chip families and derivatives such as
PowerPSoC® solutions for high-voltage and LED lighting
applications, CapSense® touch sensing and TrueTouch™ solutions for
touchscreens. Cypress is the world leader in USB controllers,
including the high-performance West Bridge® solution that enhances
connectivity and performance in multimedia handsets. Cypress is
also a leader in high-performance memories and programmable timing
devices. Cypress serves numerous markets including consumer, mobile
handsets, computation, data communications, automotive, industrial
and military. Cypress trades on the NASDAQ Global Select Market
under the ticker symbol CY. Visit Cypress online at
www.cypress.com.
Cypress and the Cypress logo, PSoC, PowerPSoC, CapSense, West
Bridge and EZ-USB are registered trademarks of Cypress
Semiconductor Corporation. Programmable System-on-Chip, and CyFi
are trademarks of Cypress Semiconductor Corp. All other trademarks
are the property of their respective owners.
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