The 29-month contract represents an annual load of 155,000MWh at more than 440 Stripes stores primarily located in West and South Texas. Under the rebate program, many of the stores will upgrade their HVAC controls, retrofit fluorescent lighting fixtures, and implement LED lighting technology inside freezers and under exterior canopies.
As per the Energy Efficiency Rebate Program, Stripes has received rebates for retrofitting T12 fluorescent fixtures with more efficient T8s and replacing less efficient lighting fixtures with LED canopy fixtures, and installing TXU Energy internet accessible iThermostats in a few test stores.
Business customers interested in the Energy Efficiency Rebate Program must sign a minimum 12 month contract with TXU Energy and install energy-efficiency technologies.
Mary Sullivan, chief financial officer of Stripes, said: ”The rebate program not only provides strong incentives for our convenience stores to be more energy efficient, but it also helps us do our part to make a positive impact on the environment.
”We look forward to seeing how this program and our efforts to switch out lighting in our stores and upgrading to more energy efficient air conditioners throughout West and South Texas impacts the bottom line.”
Tom Leverton, chief operating officer of TXU Energy, said: ”Our rebate program was designed to help our business customers be more environmentally conscious. Businesses are not only looking to improve their bottom line, but also help the environment. Our rebate program helps them accomplish both.”
