Potential offtaker

MathWorks

www.mathworks.com

Estimated electricity consumption

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Countries of production presence

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MathWorks is a leading technology company based in the United States of America that specializes in the development and distribution of software solutions for engineers and scientists. Founded in 1984, the company has grown to become a global leader in the application software sector, with a strong focus on innovation, quality, and customer satisfaction. MathWorks has a diverse portfolio of products and services that cater to a wide range of industries, including aerospace, automotive, electronics, energy, and healthcare.

As a responsible corporate citizen, MathWorks is committed to decarbonisation and reducing its carbon footprint. The company recognizes the urgent need to address climate change and is taking proactive steps to reduce its impact on the environment. MathWorks has set ambitious targets to reduce its greenhouse gas emissions, improve energy efficiency, and increase the use of renewable energy sources.

One of the key initiatives undertaken by MathWorks in this regard is the implementation of a corporate energy strategy. The company has adopted a comprehensive approach to managing its energy consumption, which includes the deployment of energy-efficient technologies, the optimization of energy use in its facilities, and the adoption of renewable energy sources. MathWorks has also implemented a corporate power purchase agreement (PPA) to source renewable energy from wind and solar farms, thereby reducing its reliance on fossil fuels.

MathWorks has been a pioneer in the adoption of renewable energy sources, and its commitment to decarbonisation is reflected in its corporate PPA. The company has entered into a long-term agreement with a wind farm in Texas to purchase renewable energy credits (RECs) that represent the environmental attributes of the electricity generated by the wind farm. The RECs are used to offset the company's carbon footprint, and the renewable energy generated by the wind farm is fed into the grid, contributing to the decarbonisation of the energy sector.

MathWorks' corporate PPA is a testament to the company's commitment to sustainability and its leadership in the adoption of renewable energy sources. By sourcing renewable energy from wind and solar farms, MathWorks is contributing to the decarbonisation of the energy sector and reducing its reliance on fossil fuels. The company's corporate PPA is also a demonstration of its commitment to corporate social responsibility and its recognition of the importance of addressing climate change.

In addition to its corporate PPA, MathWorks has implemented a range of energy-efficient technologies and practices to reduce its energy consumption and improve its energy efficiency. The company has installed energy-efficient lighting, heating, and cooling systems in its facilities, and has implemented a range of measures to optimize its energy use. These measures include the use of energy-efficient equipment, the implementation of energy management systems, and the adoption of best practices in energy management.

MathWorks' commitment to decarbonisation and its adoption of renewable energy sources have earned the company recognition and accolades from the industry and the wider community. The company has been recognized as a leader in sustainability and has received numerous awards and certifications for its environmental performance. MathWorks has also been recognized as a top employer and a leader in innovation, reflecting the company's commitment to excellence in all aspects of its operations.

In conclusion, MathWorks is a leading technology company that is committed to decarbonisation and reducing its carbon footprint. The company has adopted a comprehensive approach to managing its energy consumption, which includes the deployment of energy-efficient technologies, the optimization of energy use in its facilities, and the adoption of renewable energy sources. MathWorks' corporate PPA is a demonstration of its commitment to sustainability and its leadership in the adoption of renewable energy sources. The company's commitment to decarbonisation and its adoption of renewable energy sources have earned it recognition and accolades from the industry and the wider community, reflecting its commitment to excellence in all aspects of its operations.