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TheStreet Open House

HP Announces 50 Percent Improvement In Energy Efficiency Of Products

Stocks in this article: HPQ

HP (NYSE:HPQ) today announced that the energy-reduction goals made by the company in 2009 have been met or exceeded more than nine months ahead of schedule.

HP also unveiled energy savings research and analysis showing that if all makes and models of printers, notebook and desktop PCs, displays and servers shipped in 2005 were recycled (1) and replaced with new HP energy-efficient models, customers could save approximately $10.4 billion in energy costs, and avoid more than 40 million metric tons of CO 2 emissions within a year. (2)

The news will be shared with journalists, industry analysts and nongovernmental organizations gathering in New York City to celebrate the kickoff of the HP Unlocking Your Energy tour, a global initiative to demonstrate how energy efficiency, sustainability and profitability are compatible concepts for consumers and businesses. Following today’s New York event, the tour will continue with stops in San Francisco, Beijing, Hong Kong and London.

“We set a goal to reduce energy consumption of our products by 40 percent by the end of 2011 from 2005 levels,” said Engelina Jaspers, vice president, Environmental Sustainability, HP. “I’m pleased to report we’ve exceeded this goal, and that HP products today are, on average, more than 50 percent more energy efficient than they were five years ago.”

Unlocking Your Energy tour attendees will experience interactive technology exhibits and demonstrations followed by short presentations with environmental advocates, including fashion designer and sustainable lifestyle consultant Bahar Shahpar and sustainable chef-restaurateur Rick Bayless.

“The choices we make have an impact. For years, I’ve focused on using local, sustainable ingredients in my restaurants to support area farmers and help reduce my carbon footprint,” said Bayless. “Because our choice and use of technology plays into impact as well, I’m excited to get more productivity and creativity out of HP products that consume less energy and less counter space.”

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