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CV Therapeutics Increases Purchase Of Renewable Energy Through PaloAltoGreen
Commitment is one of the largest in the program
PALO ALTO, Calif. - August 21, 2008 - City of Palo Alto Utilities (CPAU), announced today that CV Therapeutics® (CVT) will increase its participation in PaloAltoGreen, CPAU’s clean renewable energy program, managed and marketed in the community by 3Degrees. CVT will purchase over one-half of the output of one large-scale wind turbine, on an annual basis.
Derived from clean wind and solar generation sources, CVT’s renewable power commitment – 1,596,000 kilowatt hours annually – is one of the largest clean power commitments to PaloAltoGreen. It also raises their ranking in the U.S. EPA Green Power Partnership. “We are pleased by CVT’s participation in PaloAltoGreen,” said Brian Ward, PaloAltoGreen Program Manager. “We hope other businesses in our community will join them in supporting renewable energy through PaloAltoGreen.”
CVT’s clean power commitment will avoid the annual release of 2,251,956 pounds of carbon dioxide, a potent greenhouse gas. This has the annual environmental equivalence to protecting 232 acres of trees or removing 187 cars from the road.
“Over the past six years CVT has dedicated resources to make our Palo Alto facilities as energy-efficient as possible, and we have been rewarded with a substantial savings in operating costs. We are glad to reinvest some of these savings into the purchase of renewable energy,” said Chris Brey, CVT’s Director of Facilities.
About PaloAltoGreen
PaloAltoGreen is a voluntary renewable energy program offered to all residential, commercial and industrial customers within Palo Alto as a way to support energy generated from 100% clean wind and solar power resources at an additional cost of 1.5 cents per kilowatt-hour. CPAU customers can sign up for PaloAltoGreen by visiting www.cityofpaloalto.org/pagreen, by calling 650-329-2161, or by e-mailing paloaltogreen@cityofpaloalto.org with name, service address and telephone number.
About CV Therapeutics®
CVT is a biopharmaceutical company primarily focused on the discovery, development and commercialization of new small molecule drugs for the treatment of cardiovascular diseases. CVT applies advances in molecular biology and genetics to identify mechanisms of cardiovascular diseases and targets for drug discovery. Visit www.cvt.com for more information.
About the U.S.EPA Green Power Partnership
CV Therapeutics (Palo Alto Lab Facilities) is a Partner in the Green Power Partnership, an EPA voluntary program working to standardize green power procurement as part of best practice environmental management. Look at www.epa.gov/greenpower for additional information.
The City of Palo Alto Utilities (CPAU) is the only municipal utility in California that operates city-owned utility services that include electric, fiber optic, natural gas, water and wastewater services. Since 1896, CPAU has been providing quality services to the citizens and businesses of Palo Alto.