CHICAGO, Illinois (March 17, 2020)
National commercial and community solar provider, Pivot Energy, announced today it has entered into an agreement with Safeguard Storage Properties to engineer, procure, and construct solar systems on 14 Safeguard self-storage facilities located in Illinois. The agreement will produce nearly 90 percent of Safeguard’s facilities’ electricity consumption in the Chicago-metro area. The portfolio of projects totals 1.5 megawatts (MW) of solar energy, enough electricity to power nearly 300 residential homes. The first solar systems will be completed and operating by mid-summer 2020, with the remaining portfolio coming online in early Q4 2020.
“Safeguard has once again shown its leadership within the self-storage industry by choosing solar energy to help protect the environment and benefit its bottom line,” said Mat Elmore, managing director for Pivot. “Self-storage facilities are often ideal buildings to install solar systems on due to their high energy consumption and unused rooftop space. We’re thrilled to partner with Safeguard to upgrade their Illinois facilities with clean solar energy.”
“Safeguard has been investing in solar power since 2014 and has completed 26 solar power system installations and is delighted to be partnering with Pivot Energy to add an additional 14 new solar power systems”, said Mark B Rinder, Executive Vice President, Chief Operating Officer, and Chief Financial Officer of Safeguard. Since 2017, Pivot has been a leading solar energy provider for the self-storage industry, with more than 100 projects completed or currently in construction for multiple national self-storage customers. To date, Pivot has completed or is currently constructing more than 30 MWs of community and commercial solar capacity in Illinois, enough clean electricity to power nearly 6,000 residential homes. For more information on how Pivot can help your facility go solar, please contact info@pivotenergy.net.
About Safeguard Storage Properties
Safeguard Storage Properties is an Atlanta-based self-storage company with 71 facilities in six states east of the Mississippi and 14 more that are in a variety of stages of development.
