Pivot Energy to set up solar at 65 Extra Space Storage areas
- National solar programmer Pivot Energy announced its partnership with Extra Space Storage to mount 65 rooftop planetary systems on storage structures across 8 states, including Alabama, Colorado, Florida, Georgia, Illinois, Indiana, Michigan and Tennessee.
The portfolio completes 5.5 MW of emission-free energy, creating enough electrical power to power virtually 1,000 residences for a whole year. The portfolio is estimated to save Extra Space $600,000 during the initial year and $15 million over the 25-year life of the systems. Each location obtaining a solar system is anticipated to offset its energy need by 80 to 100%, making Extra Space areas a few of the greenest storage centers in the nation.
" At Extra Space, our team believe in running a business that is built to last. By purchasing solar as well as various other sustainability campaigns, we are dedicated to making a positive influence on the setting-- which benefits our employees, consumers, shareholders and areas," said Extra Space principal operations officer Matt Herrington. "Solar produces a fantastic return on investment, and aids drive down our electrical expense."
Pivot as well as Extra Space initially partnered in 2018 to mount 3 MW of solar on structures situated in Illinois as well as Colorado.
" Extra Space Storage has actually once again confirmed that excellent environmental decisions create excellent service choices," stated Mat Elmore, VP of business advancement for Pivot Energy. "Self-storage centers present a significant chance to reduce carbon exhausts from the industrial building industry and also lower business expenses for facility owners throughout a time where companies are looking for to save cash and also serve as great environmental guardians."
Setup of the planetary systems started earlier this year and also are expected to be finished by Q2 2021.
