- Digitalization
of the grid facilitates more efficient power consumption
- Progression
of power generation from coal to natural gas, nuclear and renewables
- Zenergy’s
competitive advantage: energy provision and energy conservation
In just one generation, digitalization has transmogrified
the world. With streaming movies, it has brought the cinema into our homes.
E-commerce has done the same for main street retailing. Also, social media
seems to have made geographical location redundant; it’s as easy to communicate
with someone in Timbuktu as it is with a neighbor down the street.
Now, with “virtual utility” companies like Zenergy Brands,
Inc. (OTC: ZNGY), digitalization is giving us a way to consume energy more
efficiently and responsibly. Zenergy has developed a suite of cost-saving
energy solutions utilizing the latest digital technologies. The company also
owns a Retail Electric Provider (REP), which gives it an excellent platform to
market its “smart energy” services. Zenergy is out to make the virtual utility
a reality.
For decades, utilities have been anything but virtual. Typically,
with massive public corporations, their facilities dominate the landscape as
thoroughly as their monopolistic power controls the market. However, digital
technologies have eroded this primacy by enabling virtual utilities, which
employ software-based technologies to manage independent energy resources from
disparate locations and combine them into a network.
The energy market is not what it used to be. In the past,
power plants were mainly fueled by coal, but coal’s share had fallen to about
30 percent by 2017, according to the U.S. Energy Information Administration
(EIA) (http://ibn.fm/8eEtx).
Now natural gas, which accounts for about 32 percent of electricity generation,
has taken top place. Nuclear energy provides about 20 percent, while renewable
energy sources – hydropower, wind, biomass, geothermal and solar – generate
another 17 percent or so. This diversification of sources has reduced cost and
increased reliability.
However, too much of one thing is good for nothing. With
myriad sources connected to the grid, the danger of reverse power flows is a
constant danger. With traditional grids, power flow is unidirectional: from
utility to users. With several sources feeding the network, multi-directional
power flows result, creating a variety of technical challenges (http://ibn.fm/UDveq).
A virtual utility like Zenergy can help resolve those
difficulties because of its technological solutions, mainly the Zero Cost
Program, and its position as an energy provider. The Zero Cost Program allows
customers to upgrade their energy gadgets to more efficient, cost-reducing
appliances at no additional expense. The program reduces utility consumption by
20-60 percent by furnishing energy conservation, smart controls and
efficiency-based products and services to residential, commercial, industrial
and municipal end-use customers.
As awareness of environmental issues increases, the program
is likely to resonate with both corporate and residential customers,
particularly as it is a turnkey solution that requires no upfront expenditure.
Under the Zero Cost Program, Zenergy upgrades customers’ older, inefficient
energy infrastructure and implements a variety of retrofits, including HVAC and
refrigeration motor controllers, load factor technologies,
building-envelope-based technologies, weatherization-based technologies, smart
controls, LED lighting and other energy-saving solutions.
Moreover, through its Retail Electric Provider (REP)
division, Zenergy is well positioned to make the Zero Cost Program available to
both residential and commercial customers. Bundling energy provision with
energy efficiency services gives Zenergy a competitive advantage in the Texas
market, where the company is based. The Texas market has over six million
residential meters and nearly two million commercial meters.
Zenergy’s strategy as a retail energy provider is to create
a beachhead in Texas and then expand to other deregulated markets across the
nation. To date, 16 states – California, Connecticut, Delaware, Illinois,
Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York,
Ohio, Pennsylvania, Rhode Island, Texas and Virginia – and Washington DC have
deregulated markets for electricity (http://ibn.fm/LgZ7t).
For more information, visit the company’s website at www.ZenergyBrands.com
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480.374.1336 Office
Editor@QualityStocks.com
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