Sustainability and Citizenship
Sustainability and Citizenship
Message from CEO Balu Balakrishnan
In 1997 I read a paper from Lawrence Berkeley National Laboratory explaining that billions of dollars are wasted each year by computers, TVs and other electronic devices that are plugged in but not in use. One of the culprits behind this "standby" waste was the power supplies that convert the high voltage from a wall outlet into the lower voltage needed by most electronics. These power supplies tended to be highly inefficient when it came to supplying just enough watts to power a remote-control sensor, LED display, or some other standby function.
At that time, Power Integrations was developing a new power-supply chip called TinySwitch™, featuring an innovative switching technique that enabled high efficiency at reduced levels of output. It was a "light bulb" moment for us; what we had thought would be a side benefit of our new product was not only a solution to a major economic and environmental problem but also a great business opportunity for Power Integrations.
Since then, all of our AC-DC power-conversion chips have included this technology, known as EcoSmart™. By the beginning of 2019 we had shipped more than 13 billion chips with EcoSmart technology, generating estimated savings of more than 110 billion kilowatt-hours of electricity and millions of tons of CO2 emissions – all without adding cost, and without any change in behavior on the part of the end user.
We've doubled down on energy efficiency with additional investments in LED lighting, motor-driver products and high-power gate drivers. Our technology delivers the reliability and efficiency needed to help LED technology fulfill its promise to transform the lighting industry. Our motor-driver products offer industry-leading efficiency for consumer appliances and high-efficiency industrial motors, while our gate drivers are vital building blocks in clean technologies such as solar- and wind-energy systems, electric transportation and long-haul DC transmission.
More broadly, we believe that there is economic opportunity in operating with the benefit of society and the environment in mind. We take the long view in our planning and decision making, and invest for consistent growth and profitability. We use solar energy to help power our facilities, incorporate green, conflict-free materials in our products, and foster stable, long-term relationships with manufacturing partners holding ISO quality and environmental certifications. We value our employees, giving them the tools and training to grow as individuals, and the freedom to take risks in the service of innovation. As a result, we have a long track record of positive earnings, high levels of customer satisfaction, and below-average employee turnover relative to our industry.
I'm proud not only of what our technology has done to benefit the world, but also the responsible way in which we conduct our business. I invite you to read more about it here on our website.
President and Chief Executive Officer
Power Integrations, Inc.