SmartStop Self Storage REIT, a self-managed and fully-integrated self-storage company with approximately $1.6 billion of self storage assets under management, announced the completion of the first solar panel project as part of a broader Company-wide initiative to reduce SmartStop’s carbon footprint and become more energy efficient. The 61.38-kW project at SmartStop’s Mt. Pleasant, South Carolina, location was designed and installed in cooperation with Warner Energy.
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 kWh 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, CEO 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.”
News item from SmartStop Self Storage REIT