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Extra Space Storage and Pivot Energy Collaborate on Solar Partnership

Nov. 3, 2020
Pivot Energy will install 65 rooftop solar systems on Extra Space Storage buildings across eight states, totaling 5.5 MW and producing enough electricity to power nearly 1,000 homes for a year.

Pivot Energy, a national solar developer, recently announced its collaboration with Extra Space Storage to install 65 rooftop solar systems on storage buildings across eight states, including Alabama, Colorado, Florida, Georgia, Illinois, Indiana, Michigan and Tennessee. 

The portfolio totals 5.5 megawatts (MW) of emission-free, reliable energy, producing enough electricity to power nearly 1,000 homes for an entire year. The portfolio is expected to save Extra Space $600,000 during the first year and $15 million over the 25-year lifespan of the systems. Each location receiving a solar system is expected to offset its energy demand by 80-100%, making extra space locations some of the greenest storage facilities in the country. 

"Self-storage facilities present a tremendous opportunity to reduce carbon emissions from the commercial building sector and reduce operating expenses for facility owners during a time where businesses are seeking to save money and serve as good environmental stewards," said Mat Elmore, vice president of business development for Pivot Energy, in the release.

"By investing in solar and other sustainability initiatives, we are committed to making a positive impact on the environment - which benefits our employees, customers, shareholders and communities," added Extra Space COO Matt Herrington in the release. "Solar produces a great return on investment, and helps drive down our electrical expense."