Extra Space Storage’s solar portfolio with Pivot Energy to surpass 15 MW
National renewable energy provider Pivot Energy is set to install nine additional rooftop solar systems on Extra Space Storage facilities. These systems will add 946.8 kW of capacity to an expansive renewable energy portfolio that now totals 15 MW. The rooftop solar arrays developed throughout this partnership will produce about 20 million kWh of electricity.
Extra Space Storage and Pivot Energy have collaborated on developing 150 solar projects since 2018 across 12 U.S. states: Alabama, California, Colorado, Florida, Georgia, Illinois, Michigan, Massachusetts, Missouri, Rhode Island, South Carolina and Tennessee. Each solar system’s production reflects 80-100% of the building’s energy.
Extra Space has been an industry leader in solar adoption for more than a decade and was the first self-storage company to win Nareit’s award for demonstrating superior and sustained sustainability practices in 2020, winning the same award in 2021 and 2022.
“Solar has helped Extra Space Storage realize significant cost savings, but more importantly, it’s the right thing to do,” said Steve Potter, project manager at Extra Space Storage. “Working with a certified B-Corp such as Pivot Energy has been crucial to pursuing our own ESG goals.”
Pivot Energy is a turnkey commercial solar provider that helps businesses, municipalities, schools, universities, non-profits and others reduce operating expenses and electricity usage by maximizing state and federal incentives while further greening their operations.
“This 15 MW milestone is certainly not the end of the road for Extra Space, and we look forward to helping them achieve even more of their sustainability goals in the future,” said Erik Bruner, director of business development at Pivot Energy.
Pivot Energy is a national renewable energy provider that develops, finances, builds, owns and manages solar and energy storage projects. Pivot offers a distributed energy platform that includes a range of services and software that serves the full solar ecosystem.
Headquartered in Salt Lake City, Extra Space Storage is a fully integrated, self-administered and self-managed real estate investment trust. As of June 30, 2018, the company owned and/or operated 1,568 self-storage properties.
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