Extra Space Storage Continues Nationwide Solar Portfolio Development with Pivot Energy
By Pivot Energy November 27 2018
23 additional storage facilities in Colorado and Illinois are slated to go from green to greener in 2018.
Denver, CO – November 27, 2018 – Pivot Energy is pleased to announce its partnership with Extra Space Storage (NYSE: EXR), to further EXR’s mission to reduce its carbon footprint by adding 2.7 megawatts (MW) of new solar projects. EXR selected Pivot Energy to develop and build solar projects across 23 EXR locations in Colorado and Illinois, with the environmental impact equivalent to taking more than 600 cars off the road annually.
“Solar is now a big part of our corporate sustainability program, and part of our ongoing effort to be good corporate citizens,” said Joe Margolis, Chief Executive Officer of Extra Space Storage. “Generating rooftop solar energy production in lieu of using energy from carbon emitting sources furthers this commitment and leverages a previously unused asset within our portfolio – our rooftops – and provides cost savings from reduced utility expense.”
Extra Space has an industry-leading role in installing solar panels by converting their units to solar since 2010. Certain properties have seen as much as an 80% reduction in utility costs since installation. By maximizing state and federal incentives, Pivot is helping Extra Space to reduce operating expenses and electricity usage while further greening its operations.
“Extra Space is a demonstrated leader not only in the self-storage market but also in environmental stewardship,” said Rick Hunter, Pivot Energy’s CEO. “They are also a leader in the U.S. commercial solar rooftop space. In 2017 alone they generated over 16.8 megawatt hours (MWhs) through on-site solar panels.”
Daniel Bray, CEO of BrayTel introduced EXR and Pivot Energy. “I was thrilled to be able to identify the right partner to help Extra Space expand their solar footprint in Colorado and Illinois,” noted Mr. Bray. “We take great pride in helping our customers navigate the fast-moving energy landscape to quickly identify the right solutions and vendors for their unique business needs.”
About Pivot Energy
Pivot Energy is a Denver-based solar energy company that is focused on helping accelerate the rapid transition taking place in the energy industry to a more decentralized and cleaner approach to power generation. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full commercial solar ecosystem, including retail customers, project developers, system operators, utilities, and financiers. The company develops, finances, builds, and manages community and commercial solar projects around the country. Pivot operates on a triple bottom line basis, measuring success by the positive impact to people, planet, and profit. Learn more at pivotenergy.net.
About Extra Space Storage Inc.
Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500. As of June 30, 2018, the Company owned and/or operated 1,568 self-storage properties, which comprise approximately 1,090,000 units and approximately 119 million square feet of rentable storage space offering customers conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States. For more information, please visit www.extraspace.com.
For 25 years, BrayTel has been sourcing services to deliver high impact technology solutions and, more recently, environmental sustainability solutions. BrayTel helps businesses adapt to the ever-changing technology trends and gives customers access to the best vendors in their market. The company keep customers up to date on all the information, differing opinions, industry trends and new technologies being introduced. BrayTel helps businesses navigate the fast-moving technology and energy landscapes to quickly identify the right solutions and vendors for their unique business needs to sustain and grow their businesses. For more information, please visit www.braytel.com.