Menu

Eco-Efficiency icon Eco-Efficiency: Mitchell International

Adopting Renewable Energy

Key Environmental Performance Area:

  • Greenhouse Gas Emissions (Facilities)

Mitchell processes more than 50 million transactions annually for over 300 insurance companies and over 30,000 collision repair facilities worldwide.

The company’s planned solar array should provide 602,000 kWh annually.

Challenge

Office buildings in the United States use an average of 253 billion kilowatt hours (kWh) of electricity. The associated annual cost of this electricity usage is approximately $26 billion.i Office building managers can reduce electricity costs and greenhouse gas emissions by using renewable energy sources, such as solar power.

Mitchell International is a leading technology and related services vendor in the auto property and casualty claims and workers' compensation insurance sectors.

Responseii

In early 2016, Mitchell International began partnering with the Green Solutions Platform team to evaluate renewable energy opportunities. As a result, the company is working to install a 394 kW rooftop solar energy project on its San Diego headquarters building. That array is expected to produce 602,000 kWh hours per year, which will offset approximately 20 percent of the company’s energy usage. This project is projected to generate approximately $105,000 in energy cost savings and avoid approximately 290 metric tons of greenhouse gas emissions annually.


i U.S. Energy Information Administration. "Commercial Buildings Energy Consumption Survey (CBECS)." May 2016. Web. 18 July 2016. http://www.eia.gov/consumption/commercial

ii Self-reported portfolio company data is not calculated, reviewed or independently verified by KKR or KKR Capstone. For more information regarding the results methodology for companies evaluating their own data, please see the methodology section. There is no guarantee that any GSP-related avoided costs or added efficiencies will positively impact the portfolio company’s valuation or performance.

Unless otherwise noted, portfolio company data represents 2015 results, published in August 2016. These case studies may contain forward looking statements including descriptions of planned projects and projected results and savings. These statements are subject to the risk that the projects will not develop as planned or at all or that projected results and savings are not realized.