- 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 The outdated assets are replaced by energy-efficient retrofits, such as HVAC and refrigeration motor controllers, load factor improvement technologies,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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