Potential offtaker

Hersha Hotels & Resorts

Estimated electricity consumption

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Countries of production presence

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Hersha Hotels & Resorts is a leading hospitality company based in the United States of America. The company operates a portfolio of high-quality hotels and resorts across the country, catering to both business and leisure travelers. Hersha Hotels & Resorts is committed to sustainability and has implemented several initiatives to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus area for Hersha Hotels & Resorts. The company recognizes the urgent need to reduce greenhouse gas emissions and mitigate the impact of climate change. To this end, Hersha has set ambitious targets to reduce its carbon footprint and achieve carbon neutrality by 2030. The company is working towards this goal by implementing a range of measures, including energy efficiency improvements, renewable energy installations, and carbon offsetting.

Corporate energy is another important area of focus for Hersha Hotels & Resorts. The company is committed to reducing its energy consumption and promoting energy efficiency across its properties. Hersha has implemented several initiatives to achieve this, including the installation of energy-efficient lighting, HVAC systems, and water-saving technologies. The company also conducts regular energy audits to identify areas for improvement and optimize its energy usage.

Corporate power purchase agreements (PPAs) are a key strategy for Hersha Hotels & Resorts to promote renewable energy. The company has signed several long-term PPAs with renewable energy providers to source a significant portion of its electricity from renewable sources. These PPAs have enabled Hersha to reduce its reliance on fossil fuels and promote the development of renewable energy infrastructure. The company has also invested in on-site renewable energy installations, such as solar panels and wind turbines, to generate clean energy for its properties.

Renewable energy is a core component of Hersha Hotels & Resorts' sustainability strategy. The company recognizes the importance of transitioning to a low-carbon economy and is committed to promoting renewable energy across its operations. Hersha has set a target to source 50% of its electricity from renewable sources by 2025 and is on track to achieve this goal. The company has also implemented several initiatives to promote renewable energy, including the installation of electric vehicle charging stations and the promotion of sustainable transportation options for guests.

In addition to its sustainability initiatives, Hersha Hotels & Resorts is committed to providing exceptional guest experiences. The company operates a portfolio of high-quality hotels and resorts, each designed to meet the unique needs of its guests. Hersha's properties offer a range of amenities and services, including luxurious accommodations, world-class dining, and state-of-the-art meeting and event spaces.

Hersha Hotels & Resorts is also committed to giving back to the communities where it operates. The company has implemented several initiatives to support local communities, including charitable donations, volunteer programs, and partnerships with local organizations. Hersha's community engagement initiatives are focused on promoting education, environmental sustainability, and social justice.

In conclusion, Hersha Hotels & Resorts is a leading hospitality company that is committed to sustainability, decarbonisation, corporate energy, and renewable energy. The company has implemented several initiatives to reduce its carbon footprint, promote energy efficiency, and source renewable energy. Hersha's sustainability initiatives are aligned with its commitment to providing exceptional guest experiences and giving back to the communities where it operates. As a result, Hersha Hotels & Resorts is well-positioned to lead the hospitality industry towards a more sustainable future.