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Hertz Announces Investment In Solar Systems At Rental Car Facilities

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Hertz has been making some green moves lately by renting out electric vehicles. Now, they are taking green operations to the next level by installing solar panels at select locations. The first phase includes retrofitting 16 existing facilities with 2.3 MW+ solar systems and getting them operational by Q3 2011. Hertz’s Denver International Airport location housed the pilot program last December. They installed a 1018 panel, 235 kW solar electric system expected to produce 342,766 Kwh of AC output offsetting approximately 650,000 pounds of CO2 annually.

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Press Release

HERTZ LAUNCHES SOLAR ENERGY PROGRAM
Hertz leads the industry in solar energy – further expansion in 2011

PARK RIDGE, NJ – February 10, 2011 – The Hertz Corporation (NYSE:HTZ), announced it is installing over 2.3 MW of solar PV systems at sixteen locations across the U.S. in the first phase of the company’s solar initiative.

“Hertz is committed to reducing costs and to sustainable business practices. Investing in solar energy for these facilities makes good business sense,” said Mark Frissora, Chairman and CEO. “We will now look to additional facilities in the US and internationally to further this important program. Once again, Hertz is leading the industry in our commitment to innovation.”

Hertz has already completed construction of a 235 kW solar electric system located at Denver International Airport. This system is expected to produce 342,766 kWh of AC output and will offset approximately 650,000 pounds of CO2 annually.

By Q3 2011, Hertz will complete construction of fifteen additional facilities across the United States to further reduce its energy costs and offset Hertz’s carbon footprint. Hertz is installing solar systems in facilities in Arizona, California, Colorado, Georgia, Maryland, Massachusetts New Jersey, New York, and Pennsylvania.

“Hertz leads the industry in sustainable practices,” said Richard Broome, Senior Vice President of Hertz. “From our commitment to electric vehicles and other low emission vehicles to our implementation of reduced water usage and now our solar program, we are at the forefront of integrating sound environmental practices with pro-consumer service, efficiency and growth strategies.”

About Hertz
Hertz is the largest worldwide airport general use car rental brand operating from more than 8,500 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. The Company also operates the Advantage car rental brand at 26 airports in the U.S. and the global car sharing club, Connect by Hertz, in New York City, Berlin, London, Madrid Melbourne, and Paris. And, Hertz operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, including tools and supplies, and new and used equipment for sale from approximately 325 branches in the United States, Canada, China, France, Spain and Italy.

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