Retail buildings in the United States have the highest energy costs of all commercial buildings, approximately $20 billion annually, and account for the second largest percentage of greenhouse gas (GHG) emissions.i Retail building managers can decrease their energy costs and associated greenhouse gas emissions through energy efficiency initiatives.
Cardenas Markets (“Cardenas”) is known and respected as a prominent Latino market and operates 31 store locations throughout the Inland Empire region of Southern California, an area reaching from Imperial County and the Pomona Valley to Las Vegas, Nevada. Cardenas Markets offers a wide selection of quality and fresh products with great service at a superior value.
Mi Pueblo is a leading Hispanic grocery retailer in Northern California. Each of its stores – located in the Bay Area, Monterey Peninsula, and the Central Valley – offers quality foods, greater value, and genuine service in an authentic environment modeled after hometown markets found in Mexico and Latin America.
During 2016, KKR made significant investments in both of these Hispanic grocery chains, which are now a combined business operating as Cardenas Markets LLC.
In 2017, Cardenas began working with the Green Solutions Platform (GSP) team to evaluate and implement energy efficiency projects, including lighting upgrades, kitchen exhaust controls, refrigeration upgrades, renewable energy and demand management. To date, the team has developed a full energy management program that is expected to have the following annual benefits if fully implemented: reduce electrical utility costs by approximately 25 percent, save 20 million kWh of electricity use, and avoid more than 9,000 metric tons of greenhouse gas emissions.