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Micron Technology Inc (NASDAQ:MU) has signed a 15-year virtual power purchase agreement for its U.S. operations with Terra-Gen, a renewable energy developer.
Terra-Gen operates over 2.2 gigawatt-hours of wind, solar, and energy storage throughout the U.S.
Micron will get roughly 178 megawatts (MW) of wind generation capacity and related renewable energy certificates each year under the terms of the agreement.
"This partnership with Terra-Gen adds another utility-scale renewable energy project to our growing portfolio, supporting our goal to achieve 100% renewable energy in the U.S. by the end of 2025," commented Manish Bhatia, executive vice president of Global Operations at Micron.
When the project generates electricity for Micron, it is expected to avoid more than 280,000 metric tons of carbon dioxide equivalent (MTCO2e) emissions yearly.
Price Action: MU shares are trading lower by 3.50% at $64.70 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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