Wells Fargo Fuels Energy Efficiency Research With Half-Million Dollar Grant to UC Davis

5-year commitment helps to get clean technology to market more quickly

SAN FRANCISCO - May 8, 2012

Continuing its efforts to accelerate a greener economy, Wells Fargo & Company (NYSE: WFC) said today it has awarded a five-year, $500,000 grant to the UC Davis Energy Efficiency Center (EEC).

Wells Fargo’s contribution provides core funding to assist the UC Davis EEC, one of the nation’s leading research centers, in its mission to accelerate the development and commercialization of energy efficient technologies and train future leaders in energy efficiency.

“This is a great opportunity for Wells Fargo to invest in new and innovative technologies whose advancements will not only help us manage the efficiencies of our own operations, but will also provide solutions for our corporate, commercial and consumer banking customers,”said Bill Allen, senior relationship manager of the Wells Fargo Global CleanTech and Emerging Tech Markets Group.

Allen, with more than 20 years of financial services experience, will represent Wells Fargo on the UC Davis Energy Efficiency Center Board of Advisors.

“We are delighted to welcome a banking partner to our group of leadership sponsors and look forward to advancing the ways finance will accelerate the roll out of energy efficiency,” said Nicole Woolsey Biggart, director of the Energy Efficiency Center.

Wells Fargo’s other commitments at UC Davis include philanthropic support for the Robert and Margrit Mondavi Center for the Performing Arts outreach programs, and construction financing to UC Davis West Village, a planned zero-net energy community.

Wells Fargo continues to be committed to environmental leadership by providing long term financial solutions to its customers and communities. In 2011, the company totaled $2.8 billion in loan commitments and tax equity financing to businesses and projects with a direct positive impact on the environment. That brings Wells Fargo’s total environmental financing and investments to $11.7 billion since 2005, when the company first announced a dedicated environmental financing commitment.

For more information about Wells Fargo efforts to accelerate a greener economy, see the 2011 Environmental Finance Report. Visit Wells Fargo Environmental Affairs for more information about other Wells Fargo environmental initiatives.

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

About the UC Davis Energy Efficiency Center
Established in 2006, the UC Davis Energy Efficiency Center is the world's first university center of excellence in energy efficiency. Its mission is to speed the transfer of energy-saving products and services into the homes, businesses and lives of Californians.

About UC Davis
For more than 100 years, UC Davis has engaged in teaching, research and public service that matter to California and transform the world. Located close to the state capital, UC Davis has more than 32,000 students, more than 2,500 faculty and more than 21,000 staff, an annual research budget that exceeds $684 million, a comprehensive health system and 13 specialized research centers. The university offers interdisciplinary graduate study and more than 100 undergraduate majors in four colleges — Agricultural and Environmental Sciences, Biological Sciences, Engineering, and Letters and Science. It also houses six professional schools — Education, Law, Management, Medicine, Veterinary Medicine and the Betty Irene Moore School of Nursing.

Gabriel Boehmer
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