Commits to Doubling On-site Solar Projects in the United States by 2020

MOUNTAIN VIEW, Calif., May 9, 2014 — At an event with President Barack Obama, Walmart
today announced that it will double the number of on-site solar energy projects at its U.S. stores,
Sam’s Clubs and distribution centers by 2020. The commitment is part of Walmart’s global
initiative to drive the production or procurement of 7 billion kWh of renewable energy by the end
of 2020.

Over the last few years Walmart has made significant progress toward its goal to be supplied by
100 percent renewable energy. With today’s commitment Walmart will further extend its
leadership in renewables, doubling its solar energy projects in the United States and Puerto
Rico over the next six years, compared to a 2013 baseline.
“We share the President’s commitment to a sustainable energy future and applaud his
willingness to partner with business on this important issue,” said Bill Simon, president and CEO
of Walmart U.S. “We know from experience that investing in energy innovation allows us to save
money, reduce carbon pollution, and create jobs. Every day, millions of Americans depend on
us to watch every penny so that we can provide the best prices on products they love. Our
customers can feel good that we’re watching out for both their wallets and their children’s
Walmart made the announcement while hosting President Obama at a solar-powered store in
Mountain View, California. The President visited the store to highlight the importance of energy
efficiency and renewables in keeping America strong.

Walmart today is the No. 1 commercial solar energy user according to the Solar Energy Industry
Association and is recognized as the largest on-site renewable energy user in America by the
EPA’s Green Power Partnership.

Earlier this week, Walmart also signed on to the Department of Energy’s Better Buildings
Initiative, reinforcing the company’s commitment to reduce the energy intensity of its buildings
by 20 percent by 2020, compared to a 2010 baseline.
In total, Walmart’s 2020 commitments to scale renewables and accelerate energy efficiency
globally could save the company as much as $1 billion a year in energy costs.
The Mountain View store currently derives 14.5 percent of its energy from solar systems built
and installed by SolarCity, a local California business and one of Walmart’s largest solar
vendors. According to SolarCity, its projects with Walmart alone have created an estimated
9,000 construction jobs in the United States, and SolarCity has created an additional 5,000
permanent American jobs since it initiated its first project with Walmart in 2010.
As Walmart and other companies commit to solar, it creates more certainty in the marketplace
and encourages others to invest, lowering the cost for everyone. According to Lyndon Rive,
CEO of SolarCity, “One of SolarCity’s biggest challenges is that customers are still stuck with
the stigma that clean energy is expensive. Walmart’s scale, brand, and leadership is sending
the signal that solar is cost effective. Walmart is showing you can be sustainable, and you can
do it at prices that meet or beat the price of energy from the grid.”
With today’s commitment, Walmart continues to demonstrate that it can serve more customers
while slowing its environmental impact. Since 2005, Walmart’s greenhouse gas emissions grew
at only one-quarter the rate of the company’s growth, nearly flat-lining in recent years. With its
2020 energy goals  it anticipates an absolute decline in GHG emissions by 2020 despite
significant growth plans over that same time period.

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About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better
– anytime and anywhere – in retail stores, online, and through their mobile devices. Each week,
more than 245 million customers and members visit our 11,302 stores under 71 banners in 27
countries and ecommerce websites in 10 countries. With fiscal year 2014 sales of over $473
billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a
leader in sustainability, corporate philanthropy and employment opportunity. Additional
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