7-Eleven® Signs Agreement with TXU Energy to Power Most Texas Stores with Wind Energy
7-Eleven, Inc. has signed an agreement with TXU Energy to purchase 100 percent Texas wind energy for all its Texas stores located in competitive energy markets. The 96-month wind energy agreement, which impacts 425 stores, starts June 1, 2018, and is expected to reduce 7-Eleven's carbon footprint by 6.7 percent while providing significant operating expense savings.
The energy to power competitive market 7-Eleven® stores will be provided by Texas wind farms. With more than 10,000 wind turbines in the state, Texas ranks first in the United States for both installed and under-construction wind capacity, and is home to four of the top 10 largest wind farms in the nation.
"This agreement is beneficial for 7-Eleven on several fronts," said Ben Tison, 7-Eleven senior vice president of Development. "Wind energy is a renewable, more cost-effective resource that will lower the carbon footprint of these stores as well as operating costs. Our customers, particularly Millennials and the younger Generation Z, care about sustainability and reducing environmental impacts, and they're paying attention to what companies are doing."
Last year, 7-Eleven outlined steps to reach measurable corporate social responsibility (CSR) goals to reduce its environmental footprint. The retailer's CSR mission has three focus areas - people, planet and products. Using 2015 as a baseline, 7-Eleven set goals to reduce its carbon footprint and increase community engagement in the U.S. and Canada by concentrating on energy, packaging and philanthropy.
The "planet pillar" included reducing its energy footprint in stores and at its store support center in Irving, Texas, by 20 percent by 2025. 7-Eleven has already decreased electricity use in store operations by an estimated 21 percent over the past seven years through projects including installation of LED lighting, energy management systems and high-efficiency HVAC units.
TXU Energy will help 7-Eleven save even more by providing energy efficiency rebate incentives through its TXU GreenBackSM program. These incentives will allow 7-Eleven to fund and pilot new energy efficient technologies that can be used throughout its portfolio of facilities.
"Our goal was to make sure that we were helping 7-Eleven reach its sustainability goals," said Gabe Castro, vice president of business for TXU Energy. "We were able to do that by helping them through the process to evaluate all of the options available, and then customizing a complete solution to help them reach those goals. We are proud to collaborate with 7-Eleven."
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, Texas, 7-Eleven® operates, franchises or licenses more than 61,000 stores in 17 countries, including 10,900 in North America. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven has expanded into high-quality salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings, cheeseburgers and hot chicken sandwiches. 7-Eleven offers customers industry-leading private brand products under the 7-Select® brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers also count on 7-Eleven for payment services, self-service lockers and other convenient services. Find out more online at www.7-Eleven.com, via the 7Rewards® customer loyalty platform on the 7-Eleven mobile app, or on social media at Facebook, Twitter and Instagram.
About TXU Energy
More Texans trust TXU Energy to power their homes and businesses than any other electricity provider. We're passionate about creating experiences and solutions tailored to fit the needs of our customers, including electricity plans, online tools to help save, renewable energy options and more. Ranked as the #9 Top Place to Work by The Dallas Morning News, TXU Energy is also committed to creating a dynamic and fun workplace where all our people can succeed. Visit txu.com for more.