Commercial, Finance, Sourcing Renewables - February 17, 2020
Einstein Bros. Bagels to supply Texas stores with RE
Einstein Bros. Bagels announced Feb. 17 a new energy agreement that will cover 100% of the electricity needs for their locations in Texas with renewable energy.
The bagel bakery chain, under the parent company Einstein Noah Restaurant Group, signed the agreement, which will go through 2023, with ENGIE Resources LLC. The stores will source 4,180 MWh annually from the ENGIE Live Oak Wind Project in Schleicher County, Texas.
"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,” Susan Scheuermann, energy manager for Einstein Bros. Bagels, said in a statement. “We look forward to the future of renewable and sustainable energy sources coming to the market.”
Einstein Bros. Bagels will also receive a fixed price structure through this agreement while receiving the clean energy supply and renewable energy credits. Through this agreement, the company will reduce their carbon footprint by an amount equal to displacing more than 28,000 barrels of oil consumed.