Commercial, Solar - July 5, 2023
Public Storage Nearly Triples Solar Power
Public Storage announced the company nearly tripled its properties with solar power capability, with plans to reach over 1,000 properties by 2025.
The company, a REIT that primarily acquires, develops, owns, and operates self-storage facilities, also lowered its like-for-like carbon emissions intensity by 29% over the past four years.
The company partnered with BREEAM® on a self-storage green building certification program in the U.S., becoming the nation’s leading owner of green-certified facilities and leading the U.S. self-storage REIT peer group across the primary sustainability benchmarks.
Details were provided in its 2023 Sustainability Report.
“Our team of nearly 5,900 employees is engaged and focused on resilience, growth, and value creation as we solidify our position as a global leader in sustainable self-storage operations,” said Joe Russell, Chief Executive Officer in a statement. “We are pleased to share our progress, commitments, and outlook in the 2023 Sustainability Report.”
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