Extra Space Storage Inc
Extra Space Storage Energy Data Preview
In 2023, Extra Space Storage disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Extra Space Storage also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Extra Space Storage also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Extra Space Storage also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Extra Space Storage's reliance on fossil fuels versus cleaner alternatives.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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Insights into Extra Space Storage's Energy Renewability
In 2023, Extra Space Storage consumed a total of 2.1 million Gigajoules of energy across its operations. Of this total, 7.9% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 92.1% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Extra Space Storage's Energy Renewability Rate
How much of Extra Space Storage's energy consumed is renewable?
In 2023, Extra Space Storage consumed a total of 2.1 million Gigajoules of energy, of which 7.9% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Extra Space Storage has considerable room to improve its energy sustainability strategy.
Are Extra Space Storage's energy practices becoming more sustainable?
Since 2018, Extra Space Storage's total energy consumption increased by 86.09%, including a 48.64% increase in 2023, reflecting a sustained rise in overall energy demand.
Over the same period, the share of renewable energy increased by 23.44%, but declined by 28.83% in 2023, suggesting recent volatility or sourcing constraints.
Overall, Extra Space Storageās energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the companyās environmental impact.
Extra Space Storage's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed
Insights into Extra Space Storage's Energy Consumption & Production Mix
In 2023, Extra Space Storage disclosed detailed information on both the sources and generation technologies of its consumed and produced energy This disclosure enables a clearer assessment of the Extra Space Storage's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
Extra Space Storage's Energy Consumed by Sources and Technologies
What are the main sources and generation technologies behind Extra Space Storage's energy consumption?
In 2023, Extra Space Storage's total energy consumption was primarily sourced from
- Electricity (Unspecified Source) (92.1%)
- Solar Energy (7.9%)
How diverse is Extra Space Storageās energy consumption mix?
In 2023, Extra Space Storage consumed energy from 2 different sources or generation technologies, indicating a highly concentrated energy mix, with Electricity (Unspecified Source) alone accounting for 92.1% of total consumption.
What are the main sources or generation technologies used by Extra Space Storage to produce energy?
In 2023, Extra Space Storage's energy production came primarily from
- Solar Energy (100%)
How diverse is Extra Space Storageās energy production mix?
In 2023, Extra Space Storage produced energy using 1 different sources or generation technologies. The energy production mix is highly concentrated, with Solar Energy alone making up 100% of total output.
Extra Space Storage's Energy Produced by Sources and Technologies
Insights into Extra Space Storage's Energy Inflows & Self-Sufficiency
In 2023, Extra Space Storage reported total energy inflows of 2.1 million Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 1.93 million Gigajoules purchased from external suppliers and 165,827.4 Gigajoules generated through internal production. This corresponds to a production share of 7.9%, reflecting a 320% percentage point decrease from the previous year (2022) and a 150% percentage point increase since 2018.
Despite a recent dip in the production share, Extra Space Storage has significantly increased its reliance on internally generated energy over the long term. The short-term decline may be due to temporary disruptions, shifts in output demand, or adjustments in procurement strategy, rather than a reversal of its overall trend.
Extra Space Storage's Energy Purchased vs Produced Over Time
- Total Energy Produced
- Total Energy Purchased