Sprouts Farmers Market Signs Tax Credit Investment Deal to Advance Energy Security

Group 1: Tax Credit Investment Deal - Sprouts Farmers Market has signed a Tax Credit Transfer agreement to advance the Sun Pond Solar + Battery Energy Storage System project in Maricopa County, Arizona [1] - The project is expected to power approximately 19,000 homes annually and avoid 145,000 metric tons of CO emissions each year [1] - The investment will contribute over $30 million in revenue for Arizona schools and communities through long-term leases and tax remittances [1] Group 2: Project Details and Economic Impact - The Sun Pond project includes a 111 MWdc solar and 85 MWac / 340 MWh storage system, enhancing local grid resilience and improving air quality [1] - More than 200 workers were employed during the construction phase, including registered apprentices, supporting local job creation [1] - The project leverages American-made technology and aims to strengthen the regional tax base, providing long-term economic and environmental benefits [1] Group 3: Company Leadership and Strategy - Brandon Lombardi, Chief Legal and Sustainability Officer of Sprouts, emphasized the company's commitment to renewable energy and community welfare [1] - Schneider Electric served as a strategic advisor, helping Sprouts navigate the renewable energy investment process [1] - The deal reflects Sprouts' focus on sustainability and responsible renewable energy practices [1]