Einstein Noah Restaurant Group announced a retail renewable energy agreement with ENGIE Resources to purchase energy produced by the Live Oak Wind Project in Schleicher County, Texas. The contract goes through 2023 and includes 100% of the electricity needs, or approximately 4,180 megawatt-hours annually, for all Einstein Bros. Bagels locations in Texas.
The renewable energy credits in this agreement represent the environmental benefits equal to the displacement of more than 28,000 barrels of oil consumed or the carbon sequestered by 322,000 tree seedlings grown for a decade.
“We are excited to add wind-generated energy to our energy supply mix and are equally as delighted to partner with ENGIE Resources on this GREEN energy contract. We look forward to the future of renewable and sustainable energy sources coming to the market,” said Susan Scheuermann, energy manager for Einstein Bros. Bagels.
The bagel chain will also achieve budget certainty throughout the term of this agreement with a fixed price structure. ENGIE’s portfolioRE solution bridges the gap in green energy products by combining traditional retail energy contracts with supply and renewable energy certificates from specific renewable generation assets. With ENGIE, customers can become low carbon, reduce their environmental impact and improve their competitive position.
“Until recently, the retail energy sector did not offer a solution with physical renewable energy directly sourced from a local renewable asset to a portfolio of small facilities like bakeries,” said Graham Leith, senior VP, ENGIE Resources. “We’re proud to introduce a solution to a customer known for its own retail innovation.”
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