ALTOONA, PA (February 16, 2022) — Sheetz, a family owned and operated restaurant and convenience store chain, today announced a long-term renewable supply agreement with Constellation (NASDAQ: CEG), the nation’s leading supplier of clean energy solutions, to power nearly 70 percent of its Pennsylvania facilities with renewable energy.
Backed by Sheetz’s commitment, Constellation has entered into separate long-term power purchase agreements to procure a total of 55 megawatts of renewable energy. The solar projects, which will be developed in Pennsylvania, are expected to achieve commercial operation by January 2024.
Sheetz will receive approximately 110 million kilowatt hours of energy per year from the long-term power purchase agreements, with that energy matched by Green-e® Energy Certified Renewable Energy Certificates (RECs) sourced from renewable facilities located throughout the U.S. Each REC represents the positive environmental attributes of one megawatt hour (MWh) of electricity generated by a renewable power plant. The RECs from the in-development solar projects are not included in this agreement.
The agreement will help Sheetz avoid nearly 78,000 metric tons of carbon emissions associated with its energy use annually, the equivalent of taking nearly 17,000 cars off the road, according to U.S. EPA estimates.
“Sheetz is dedicated to being a responsible steward of our environment,” said Travis Sheetz, president and CEO at Sheetz. “Through this purchase agreement and partnership with Constellation, Sheetz will be able to power more than 160 stores and approximately 40 other facilities with renewable energy, significantly reducing our environmental impact in Pennsylvania.”
To simplify the purchase, Sheetz will use a solution that builds off of the Constellation Offsite Renewables (CORe) retail power product, which enables the development of, and increases businesses’ access to, renewable energy projects by removing the significant hurdles associated with traditional offsite power purchase agreements (PPAs). By combining the simplified contracting and aggregation process of CORe with the commitment and involvement from sustainability-minded companies, Constellation is able to offer more customers the ability to demonstrate their support of large-scale, offsite renewable energy projects.
“Having worked with Sheetz for several years, it’s clear that this is a company that is steadfast in its commitment to understanding, and ultimately reducing, its carbon footprint,” said Jim McHugh, chief commercial officer, Constellation. “We’re pleased to help Sheetz implement a clean energy solution that will contribute to its broader sustainability goals while introducing new and significant renewable supply to the Pennsylvania region.”
Sheetz has taken significant steps in support of its mission to reduce its overall impact on the environment, including:
Representing Sheetz, Amerex Energy Services worked with Constellation to design and implement this renewable product structure.
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About Constellation
A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, emissions-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. We are further accelerating the nation’s transition to a carbon-free future by helping our customers reach their sustainability goals, setting our own ambitious goal of achieving 100% carbon-free generation by 2040, and by investing in promising emerging technologies to eliminate carbon emissions across all sectors of the economy. Follow Constellation on LinkedIn and X.
About Sheetz
Established in 1952 in Altoona, Pennsylvania, Sheetz, Inc. is one of America's fastest-growing family-owned and operated convenience store chains with more than 23,000 employees. The company operates over 640 store locations throughout Pennsylvania, West Virginia, Virginia, Maryland, Ohio and North Carolina. Sheetz provides an award-winning menu of M•T•O® sandwiches and salads, which are ordered through unique touch-screen order point terminals. All Sheetz convenience stores are open 24 hours a day, 365 days a year. Recognized by Fortune as one of the 100 Best Companies to Work For, Sheetz is committed to offering employees sustainable careers built on an inspiring culture and community engagement. For more information, visit www.sheetz.com or follow us on Twitter (@sheetz), Facebook (www.facebook.com/sheetz) and Instagram (www.instagram.com/sheetz).
If you are a member of the media, please contact:
667-218-7700
Paul Adams
paul.adams@constellation.com
David Snyder
david.snyder@constellation.com
Jan 10, 2025
Jan 02, 2025
