SmartStop Self Storage REIT, Inc. a self-managed and fully-integrated self-storage company with approximately $1.6 billion of self storage assets under management, completed the first solar PV project as part of a broader company-wide initiative to reduce its carbon footprint and become more energy efficient. The project at Mt. Pleasant was designed and installed in cooperation with Warner Energy, LLC.
The panels, which were installed at SmartStop’s Mt. Pleasant, South Carolina location, are expected to collectively contribute energy output of 61.38 kW, resulting in an annualized savings of 81,500 kWh.
The company plans to deploy similar installations at various locations throughout the U.S. and Canada over the course of the next few years, including 10 projects installed by the end of 2020 which are projected to generate over 1.3 million killowatt hours each year.
“This solar panel installation at our Mt. Pleasant location is the first of many projects we have planned in the coming months and over the next few years,” said Michael McClure, Chief Executive Officer of SmartStop. “As property owners, we have an obligation that extends to our customers, our business partners and our surrounding communities to act as a responsible, ethical corporate steward. Beyond meeting our essential responsibilities to the environment, we’re also focused on maintaining energy-efficient operations that meet the demands of a modern self storage operation. Over time, we expect our broader green-focused initiatives and other value-added capital investments will generate material energy and cost savings, and this launch represents a great first step in the right direction.”
— Solar Builder magazine