June 26, 2013

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CEO of the Year

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Article

Extra Space Storage Plans Further Solar Panels on Storage Units

Press Release

June 26, 2013

Salt Lake City — Extra Space Storage is in its third year of converting its self-storage facilities to solar-powered clean energy.

In 2013, Extra Space Storage plans to invest about $15 million to add solar panels to 40 facilities, making a total of 150 facilities nationwide using solar energy by the end of the year. The panels on all 150 facilities are expected to have saved 15,000 tons of carbon dioxide and 11,000 acres of fir trees in three years.

In 2010, Extra Space Storage partnered with 1st Light Energy to install solar panels on its self-storage facilities. The new solar panels enabled Extra Space Storage to reduce its coal consumption by 80 percent.

“We have a corporate responsibility to manage our energy output and saw solar energy as the key change to make a significant difference in the environment,” said Spencer Kirk, chief executive officer of Extra Space Storage.

Extra Space Storage has implemented other energy-efficient initiatives at various locations such as converting to LED lights, adding skylights and installing motion sensors that turn on lights only in specific areas when needed. Also, a digital signature platform was created for customers to electronically sign their storage unit leases.

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