(Source: Business Wire)

Chipotle Mexican Grill (NYSE: CMG) (NYSE: CMG.B) announced today it is
partnering with Houston-based Standard Renewable Energy (SRE) to install
solar panels on approximately 75 Chipotle restaurants over the next
year. In all, Chipotle has committed to panels that will produce 500
kilowatt hours of electricity, making Chipotle the largest direct
producer of solar energy in the restaurant industry.
"Our effort to change the way people think about and eat fast food began
with our commitment to serving food made with ingredients from more
sustainable sources, and that same kind of thinking now influences all
areas of our business," said Steve Ells, founder, chairman and co-CEO of
Chipotle. "Today, we're following a similar path in the way we design
and build restaurants, looking for more environmentally friendly
building materials and systems that make our restaurants more efficient."
Solar panel installations are already underway in select cities
including Denver, Austin, Dallas and San Antonio. Markets and
restaurants where solar may be used is based on a formula that includes
a restaurant's electricity consumption, local utility solar rebates, and
its access to direct sunlight.
The intent of Chipotle's solar initiative is to reduce the restaurants'
traditional energy consumption during peak hours for energy use (from 11
a.m. to 7 p.m.), when pressure on the energy grid is greatest. The
amount of power produced through the solar program will eliminate more
than 41 million pounds of CO2 emissions.
"Chipotle has recognized an eco-friendly method of reducing its
operating costs while reducing its carbon footprint," said Standard
Renewable Energy CEO John Berger. "By applying solar, each individual
restaurant will be decreasing its reliance on the local grid and fossil
fuels and supplementing it with clean, renewable energy. This is just
another way Chipotle is leading the restaurant industry in
sustainability."
In addition to this new solar panel initiative, Chipotle was the first
restaurant ever to receive Platinum level LEED® certification -- the
highest level -- by the U.S. Green Building Council for its Gurnee, Ill.,
restaurant that features an on-site wind turbine and an underground
cistern to harvest rainwater for irrigation. Chipotle also has a LEED
certified restaurant in Long Island, N.Y., and a third restaurant that
is pending certification in Minneapolis.