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Press release from Business Wire

Walgreens Sets Goal to Build Nation's First Net Zero Energy Retail Store in Evanston, Ill.

<p class='bwalignc'> <i>By utilizing solar panels, wind turbines and geothermal technology, engineers anticipate the new store will produce energy equal to or greater than it consumes</i> </p>

Thursday, March 07, 2013

Walgreens Sets Goal to Build Nation's First Net Zero Energy Retail Store in Evanston, Ill.09:00 EST Thursday, March 07, 2013 DEERFIELD, Ill. (Business Wire) -- Walgreens today announced plans to build what the company believes will be the nation's first net zero energy retail store, which engineers predict will produce energy equal to or greater than it consumes. Walgreens plans to achieve that by utilizing solar panels, wind turbines, geothermal technology, energy-efficient building materials, LED lighting and ultra-high-efficiency refrigeration. Walgreens announced plans to build what the company believes will be the nation's first net zero energy retail store, which engineers predict will produce energy equal to or greater than it consumes. Walgreens plans to achieve that by utilizing solar panels, wind turbines, geothermal technology, energy-efficient building materials, LED lighting and ultra-high-efficiency refrigeration. The store will be located in Evanston, Ill. (Photo: Business Wire) “We are committed to reducing our carbon footprint and leading the retail industry in use of green technology,” said Thomas Connolly, Walgreens vice president of facilities development. “We are investing in developing a net-zero store so we can learn the best way to bring these features to our other stores. Because we operate 8,000 stores, we believe our pursuit of green technology can have a significant positive impact on the nation's environment.” The store will be located in Evanston, Ill., at the intersection of Chicago Avenue and Keeney Street, where demolition of an existing Walgreens store now is under way. The Chicago-area location will allow convenient access for Walgreens engineers based at the company's headquarters in Deerfield, Ill., to measure the store's performance for an entire year to determine if the store reaches its goal of net zero energy use. Walgreens plans to generate electricity and reduce its usage by more than 40 percent through several technologies in the store including: more than 800 roof-top solar panels, two wind turbines, geothermal energy obtained by drilling 550-feet into the ground below the store, where temperatures are more constant and can be tapped to heat or cool the store in winter and summer, LED lighting and daylight harvesting, carbon dioxide refrigerant for heating, cooling and refrigeration equipment, and energy efficient building materials. Engineering estimates -- which can vary due to factors such as weather, store operations and systems performance -- indicate that the store will use 200,000 kilowatt hours per year of electricity while generating 256,000 kilowatt hours per year. Over the past year, Walgreens engineers have worked with the city of Evanston and vendors, including Trane, CREE Lighting, Acuity Lighting, Cooper Lighting, CalStar Products, GE Lighting, Geothermal International, SoCore Energy, Wing Power and Camburas and Theodore Architects. “This planned building development reflects the City of Evanston's ongoing commitment to the constant improvement of sustainable practices in the natural and built environment and will serve as an excellent example of how responsible development and the environment can be harmoniously combined,” said Evanston Mayor Elizabeth Tisdahl. “Green building is important to Evanston as it is good for business, good for the environment, good for our health and essential to our future. We are honored that Walgreens has chosen our community to build the nation's first net zero energy retail store that will be LEED certified as well.” Walgreens will attempt to have the store achieve LEED Platinum status, which is the most stringent green designation by the U. S. Green Building Council, and plans to enter the store into the International Living Future Institute's Living Building Challenge. The store will be Walgreens second showcase project in the Department of Energy Better Buildings Challenge. Through the Better Buildings Challenge, Walgreens has committed to a chain wide 20 percent energy reduction by 2020. “Partners in the Better Buildings Challenge are leading by example, showing firsthand how energy efficient buildings save money by saving energy,” said David Danielson, assistant secretary for energy efficiency and renewable energy at the Department of Energy. “The investments made through the Better Buildings Challenge are helping to cut energy waste while saving millions in energy costs, creating jobs nationwide and helping to position the United States to lead in the global economy.” The project is the latest of many green initiatives for the company. Walgreens currently operates two stores that have achieved a LEED certification level of gold and certified; 150 stores utilizing solar power; a store in Oak Park, Ill., using geothermal energy; a distribution center in Waxahachie, Texas, that generates energy though the use of wind; and 400 locations with electric vehicle charging stations. Walgreens stores use 25 watt fluorescent lamps (lowest wattage in the industry), LED cooler and freezer lighting and energy management systems in more than 5,000 locations. In addition, 15 Walgreens distribution centers have achieved net zero waste, which means revenues from recycling exceed waste expense. To follow the new store's two-year journey to achieve net zero status and the company's other green initiatives, visit the Net Zero Facebook page at http://www.facebook.com/pages/Walgreens-Net-Zero-Community/141953242640364?fref=ts. About PURE Walgreens The company's corporate sustainability program, “PURE Walgreens – For the health and wellness of our planet,” focuses on helping customers get, stay and live well through innovative leadership in corporate sustainability. In support of “People Using Resources Efficiently,” PURE Walgreens programs focus on making Walgreens a leader in resource conservation, carbon emissions reduction and waste diversion. About Walgreens As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion, Walgreens (www.walgreens.com) vision is to become America's first choice for health and daily living. Each day, Walgreens provides more than 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The company operates 8,071 drugstores in all 50 states, the District of Columbia and Puerto Rico. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country. Cautionary Note Regarding Forward-Looking Statements. Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "likely," "outlook," "forecast, "would," "could," "should," "can," "will," "project," "intend," "plan," "goal," "continue," "sustain," "synergy," "on track," "believe," "seek," "estimate," "anticipate," "may," "possible," "assume," variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, those described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K, which is incorporated herein by reference, and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by law, Walgreens does not undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the initial distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130307005094/en/ WalgreensRobert Elfinger, 847-315-2962http://news.walgreens.com@WalgreensNewsfacebook.com/Walgreens