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==Economy== [[File:Intel Headquarters in 2023.jpg|thumb|upright=1|[[Intel]] headquarters]] [[File:Paloalto networks (cropped).jpg|thumb|upright=1|[[Palo Alto Networks]] headquarters]] [[File:Citrix Santa Clara HQ 2015.png|thumb|upright=1|[[Citrix Systems]] headquarters]] Santa Clara owns and operates an electric utility called [[Silicon Valley Power]]. In 2005, Silicon Valley Power brought online the [[Donald Von Raesfeld Power Plant|Donald Von Raesfeld (DVR) Power Plant]]. The new [[combined cycle]] gas turbine plant produces 147 megawatts of electricity for the city and its residents.<ref>''Silicon Valley Power Dedicates Donald Von Raesfeld Power Plant on June 15, 2005'', City of Santa Clara news release (2005)</ref> As a result, the going rate for electricity in Santa Clara is considerably cheaper than that offered by Northern California's dominant utility, [[Pacific Gas and Electric Company|Pacific Gas and Electric]]. [[AMD|Advanced Micro Devices (AMD)]], [[Affymetrix]], [[Agilent Technologies]], [[Applied Materials]], [[Arista Networks]], [[Aruba Networks|Aruba]], Auditoria.AI, [[Brillio]], [[Chegg]], [[Cloudera]], [[Coherent, Inc.|Coherent]], [[FileMaker Inc.|FileMaker]], [[Hortonworks]], [[Infoblox]], [[Intel]], [[Intevac]], [[Marvell Technology Group]], [[McAfee]], [[Move (company)|Move]], [[National Semiconductor]], [[Nvidia]], [[OmniVision Technologies]], [[Ooyala]], [[Palo Alto Networks]], [[Rovi Corporation]], [[ServiceNow]], [[SVB Financial Group]], [[Trident Microsystems]] and [[Veritas Technologies]] are among the companies headquartered in Santa Clara.{{citation needed|date=July 2018}} The North American offices of [[Bandai Namco Entertainment]] (formerly [[Namco]]) was in Santa Clara until its consolidation with its existing offices in [[Irvine, California]].<ref>"[https://www.namcobandaigames.com/corporate Company Info]." ''[[Namco Bandai]]''. Retrieved on December 8, 2008.</ref><ref>{{cite web|url=https://www.gamespot.com/articles/bandai-namco-is-closing-its-santa-clara-office-and-moving-to-southern-california/1100-6490410/|title=Bandai Namco Is Closing Its Santa Clara Office And Moving To Southern California|work=[[GameSpot]]|date=April 20, 2021|access-date=April 21, 2021|last=Williams|first=Hayley|archive-date=April 21, 2021|archive-url=https://web.archive.org/web/20210421065048/https://www.gamespot.com/articles/bandai-namco-is-closing-its-santa-clara-office-and-moving-to-southern-california/1100-6490410/|url-status=live}}</ref><ref>{{cite web|url=https://venturebeat.com/2021/04/20/bandai-namco-will-close-its-santa-clara-office-and-move-employees-to-southern-california/|title=Bandai Namco will close its Santa Clara office and move employees to Southern California|work=[[VentureBeat]]|date=April 20, 2021|access-date=April 21, 2021|last=Takahashi|first=Dean|archive-date=April 21, 2021|archive-url=https://web.archive.org/web/20210421072313/https://venturebeat.com/2021/04/20/bandai-namco-will-close-its-santa-clara-office-and-move-employees-to-southern-california/|url-status=live}}</ref> ===Top employers=== According to the city's 2024 Annual Comprehensive Financial Report,<ref>{{cite web |title=Annual Comprehensive Financial Report : Fiscal Year Ended June 30, 2024 |url=https://www.santaclaraca.gov/home/showpublisheddocument/85732/638701326982270000 |access-date= |publisher=City of Santa Clara}}</ref> the top employers in the city are: {| class="wikitable" |- ! # ! Employer ! # of employees |- | 1 | [[Applied Materials]] |8,500 |- |2 |[[Intel]] |7,801 |- |3 |[[AMD]] |3,000 |- |4 |Kaiser Foundation Health Plan |2,600 |- |5 | [[Nvidia]] |2,500 |- |6 |[[California's Great America]] |2,500 |- |7 | [[Dell]] |2,088 |- |8 | [[Santa Clara University]] |2,000 |- |9 |City of Santa Clara |1,704 |- |10 |[[Macy's]] |1,200 |}
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