Navitas Semiconductor (NASDAQ:NVTS), industry-leader in GaN power ICs, announced that it is the world’s first semiconductor company to achieve CarbonNeutral®-company certification from the leading experts on carbon-neutrality and climate finance, Natural Capital Partners.
Achieving CarbonNeutral-company certification is another milestone towards Navitas’ mission to “Electrify Our World” and to help Navitas’ customers achieve their own sustainability goals.
Gallium nitride (GaN) is a next-generation semiconductor technology that runs up to 20x faster than legacy silicon and enables up to 3x more power, 40% energy savings and 3x faster charging in half the size and weight. Navitas’ GaNFast™ power ICs integrate GaN power and drive plus sensing, protection and control to deliver simple, small, fast and efficient power-conversion performance.
Navitas claims to be the market-leader in GaN power semiconductors with over 50,000,000 units shipped, zero reported GaN-related field-failures, and a 20-year warranty.
According to Friday’s news release, Navitas has shown that GaN devices currently have a 70% reduction in carbon footprint to produce vs. Si and drive a 30%+ reduction in manufacturing and use phase impacts for our customers. Combining GaN’s inherent benefits with Navitas’ low carbon-footprint business-model has led to Navitas achieving CarbonNeutral-company certification.
Navitas’ CarbonNeutral-company certification meets all the requirements of Natural Capital Partners’ CarbonNeutral Protocol and goes beyond, to include all product manufacturing and distribution-related emissions.
These emissions are compensated for through verified emission reductions (VERs), also known as ‘carbon offsets’. Navitas’ purchased VERs are renewable-energy projects in rural India – in line with the mission to “Electrify Our World” and transition from fossil fuels.
NVTS shares gained 25 cents, or 3.3%, to $7.74.
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