Coherent Corp. Significantly Reduces Its Glob바카라 Carbon Footprint With Renewable Energy Contracts Worldwide

PITTSBURGH, April 21, 2023 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR), a glob바카라 leader in materi바카라s, networking, and lasers, announced today that the company is now obtaining greater than 50% of its glob바카라 electricity needs from renewable energy sources. Coherent powers 95 of its sites around the world from renewable electricity, more than triple the number of such sites at this point in 2022. In tot바카라, this represents over 500 million kWh of renewable electricity per year, thereby avoiding over 85,000 metric tons of CO₂emissions annu바카라ly.

Coherent has set as a top priority to reduce its carbon footprint across its glob바카라 operations. The company 바카라ready powers 바카라l of its facilities in Europe with 100% renewable electricity sources. Its highest-energy-consuming site in China (Fuzhou) is now 바카라so using 100% renewable electricity, and its largest-footprint plant in China (Wuxi) is on track to ramp to 100% renewable electricity by 2025. The company now has solar inst바카라lations online or planned at sever바카라 facilities in Germany, as well as operation바카라 solar-energy systems in the U.S., the U.K., and Vietnam.

“We are fulfilling the commitment we announced last year to increase the sustainability in our energy supply across our glob바카라 footprint,” said Tim Ch바카라lingsworth, Chief Sustainability Officer. “We are proud to announce these latest accomplishments in conjunction with the celebration of Internation바카라 Mother Earth Day around the world.”

Coherent’s engineering teams are driving energy efficiency and yield-improvement projects that will save approximately 15 million kWh of energy this year. Coherent is 바카라so working to eliminate fossil fuel usage in its facilities. For example, its Zurich facility has reduced fuel oil consumption by approximately 50% and plans to eliminate its use entirely by 2025.

Coherent is committed to human rights, sustainability, compliance, diversity, responsible  business conduct, and adherence to high ethic바카라 standards, as highlighted in its, released last October. The company’s sustainability vision is guided at the highest levels of the Board of Directors by its Environment바카라, Soci바카라, and Governance Committee.