- Growing
environmental awareness creating demand for energy-saving solutions
- Smart
controls make energy consumption manageable
- Zenergy
owns retail energy provider in Texas
Growing environmental awareness and changing economics are
creating halcyon days for the new Zero Cost Energy Saving Program from Zenergy
Brands, Inc. (OTC: ZNGY). Cities across America are increasingly demanding
cleaner energy and implementing energy conservation measures. Furthermore, data
published by the U.S. Energy Information Administration (EIA) show that, since
2017, the cost of electricity from renewables has fallen below the cost of
fossil fuels (http://ibn.fm/ak4NE).
These developments are set to usher in happy days for Zenergy, as its Zero Cost
Program aligns with both trends. With its deployment of smart controls, the
program holds the promise of limiting energy consumption while protecting the
environment. Signing on to the program offers commercial, industrial and
municipal customers the possibility of reducing their power consumption by 20
to 60 percent, and who isn’t in the market for conservative consumption?
The Zero Cost Program, made possible through an industry
standard arrangement known as a Managed Energy Services Agreement (MESA), is a
turnkey solution that enables customers to upgrade their older, inefficient
equipment. The outdated assets are replaced by energy-efficient retrofits, such
as HVAC and refrigeration motor controllers, load factor improvement
technologies, building-envelope-based technologies, weatherization-based
technologies, smart controls and LED lighting, all at no up-front cost to the
client.
Under a MESA, Zenergy is obliged to develop, arrange
financing for, install and maintain energy efficiency measures and equipment,
all of which will be the property of Zenergy. The customer pays Zenergy a part
of the savings in utility costs that follow the installation of the equipment,
and Zenergy generates revenue from these “Service Payments.” Service Payments
are fixed on a monthly basis over the term of the agreement. They scale down
throughout the MESA, allowing the customer to reap increasing savings as time
goes on. The minimum term of a MESA is five years, with an average life of
seven years.
Zenergy has the ideal platform to promote its Zero Cost
Program. In April 2018, the company completed its acquisition of Enertrade
Electric LLC, a Texas-based retail electric provider (REP) (http://ibn.fm/QXqwZ). Now,
Zenergy is in position to market its “smart energy” services to both
residential and commercial customers. Bundling energy provision with energy
efficiency services gives Zenergy a competitive advantage in the Texas market,
which has over six million residential meters and nearly two million commercial
meters. Zenergy’s strategy is to use its REP division to build scale 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, Virginia and Washington DC – have
deregulated markets for electricity (http://ibn.fm/Zla3B).
The company recently announced that it had signed up several
new clients this year, one of which is Tanglewood Resort & Conference
Center (http://ibn.fm/AP05C).
Through its Zero Cost Program, Zenergy will be able to provide an entire suite
of conservation-based products and services to enable the Tanglewood facility
to achieve its sustainability goals, as well as a positive bottom line.
For more information, visit the company’s website at www.ZenergyBrands.com
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Editor@QualityStocks.com
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