Prologis Taps Geostellar to Bring Affordable Solar Energy to Employees

SAN FRANCISCO, May 28, 2015 /PRNewswire/ -- Geostellar, America's first and largest online solar marketplace, today announced that Prologis, Inc., the global leader in industrial real estate, will offer Prologis employees easy online access to solar power for their homes at steeply discounted rates.  

Prologis joins 3M, Cisco, Kimberly Clark and other major companies who provide their employees access to solar energy through the Solar Community Initiative, the first nationwide bulk solar purchase program in the United States. The employee benefits program, conceived and facilitated by World Wildlife Fund and developed by Geostellar, is a new approach to purchasing, financing and installing solar panels at the lowest possible cost, by bringing together large companies to leverage the bulk purchasing power of their substantial aggregate employee base, their families and communities.

Beginning immediately, Prologis employees in the United States and Canada can go to www.geostellar.com and type in their address for an instant solar analysis of their home, which enables them to see how much they can potentially save on electricity bills and associated greenhouse gas emissions by going solar.

"We are very excited to offer our employees in the U.S. and Canada the opportunity to invest in affordable solar energy," said Jeannie Renne-Malone, Prologis' vice president of sustainability. "This program not only supports Prologis' sustainability goals by reducing environmental impacts, but it also provides significant economic and energy savings to our employees."

Renne-Malone also noted that the company is exploring similar programs for Prologis colleagues in other countries.

Geostellar will run the online solar platform and manage the financing, design, permitting and installation processes for individual homeowners who are employees of Prologis. All installations will be performed by qualified contractors based in the purchasers' local community, further increasing the local economic benefits of the program.

"We're thrilled to provide our first-of-its-kind online marketplace that makes the solar experience simple and convenient for the employees of Prologis," said David Levine, CEO of Geostellar. "Homeowners everywhere can simply type in their address and see instantly how much solar can save them on their electric bills while increasing the value of their homes with no upfront costs or out-of-pocket payments."

As the only national solar energy marketplace with an instant analysis of solar benefits based on sunlight intensity, installed costs, energy production, electric utility bills and local incentives, Geostellar is uniquely positioned to support homeowners interested in going solar. Geostellar manages all aspects of the solar energy installation, from system design to contracting and ongoing monitoring and maintenance, at the lowest possible cost to the property owner, increasing the benefits of solar energy for homes and workplaces.

Prologis recently made its seventh consecutive appearance on the Global 100 Most Sustainable Corporations in the World Index. The 2015 rankings, compiled by Toronto-based advisory firm Corporate Knights, were announced at the World Economic Forum in Davos, Switzerland, in January.

About Prologis
Prologis, Inc., is the global leader in industrial real estate. As of March 31, 2015, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 594 million square feet (55 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers.

About Geostellar
Geostellar is America's first and largest online solar marketplace, helping homeowners save money on their electric bills and reduce harmful emissions by providing the solar energy plan that best meets their needs. Experienced Solar Guides are available for live support by phone, videoconference, email or chat. Through advanced simulations on an intuitive social platform, Geostellar lowers the cost of solar, making it more competitive with conventional electricity. The result is more accessible, affordable and plentiful clean solar power for America. Solar Mojo, an app for the iPhone and iPad, is available for download at https://itunes.apple.com/us/app/solar-mojo/id720891584?mt=8. For more information, see: http://www.geostellar.com/

To learn more about the Geostellar online marketplace and its simple, user-friendly solar shopping experience please view a brief video introduction: http://geostellar.com/solar-stories/curious.

SOURCE Geostellar

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