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Stoneridge to Source 100% Renewable Energy at Lexington Manufacturing Facility

1. Stoneridge signs a three-year renewable energy agreement with Direct Energy. 2. The partnership will support 100% electricity needs at the Lexington facility. 3. Projected to generate over 13,000 MWh of carbon-free electricity annually. 4. The initiative is equivalent to removing 13.5 million pounds of CO₂ annually. 5. Stoneridge expands sustainability efforts across global manufacturing locations.

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Why Bullish?

Positive environmental initiatives can enhance company reputation, attracting socially conscious investors. Historical cases show sustainability commitments often lead to stock price appreciation.

How important is it?

Sustainable practices are becoming crucial for investors and consumers, impacting future valuation positively.

Why Long Term?

Sustainability achievements build brand strength and reduce operational costs over time. Similar past initiatives have contributed to sustained growth in eco-conscious firms.

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NRGKWHMPC
, /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced a three-year agreement with NRG Energy, Inc.'s brand, Direct Energy, to support 100% of the electricity needs for its manufacturing facility in Lexington, Ohio. This initiative, achieved through the purchase of renewable energy certificates (RECs), underscores Stoneridge's commitment to reducing its carbon footprint and advancing sustainability. "Transitioning to renewable energy is an important step in our sustainability journey," said Jim Zizelman, president and CEO of Stoneridge. "This agreement reflects our ongoing commitment to environmental responsibility while ensuring operational efficiency at our Lexington facility." Under the Direct Energy agreement, Stoneridge will purchase RECs sourced from a wind facility. This initiative is projected to generate over 13,000 megawatt hours (MWh) of carbon-free electricity each year, substantially lowering the facility's emissions. The environmental benefit is comparable to removing approximately 13.5 million pounds of CO₂ from the atmosphere each year. Beyond Lexington, Stoneridge's global operations are also making strides in sustainability. The company's sites in Manaus, Brazil; Tallinn, Estonia; and Örebro, Sweden currently source green or low-carbon energy, further reinforcing its dedication to sustainable practices. For more information on Stoneridge's ongoing efforts to build a more sustainable future, visit the Company's Sustainability site. About Stoneridge, Inc.Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway and agricultural vehicle markets. Additional information about Stoneridge can be found at www.stoneridge.com.  SOURCE Stoneridge, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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