Zenergy Completes Installation of Zero Cost Contract with Franchisee of Fast Food Restaurant Chain
February 19,2019
Zenergy Brands, Inc. announced today that it has finished the installation of a Zero Cost agreement with a Texas-based franchisee of a well-known fast food restaurant chain, in a deal the company said is worth an aggregate contract value of $393,969.60.
The contract was previously reported upon closing in 2018
The Zero Cost agreement encompasses a 7-year term for energy efficiency, energy conservation and smart controls technology installations across eight of the franchisee’s locations in the South-East Texas area. Zenergy’s plan is to use these 8 locations as an ongoing case study and premise to present to the Zero Cost solution to other franchisees, as well as to the widely-respected franchisor.
To date, three other franchise owners have begun the early stages of exploring the Zero Cost Program, which includes the review of an indicative analysis, the company said
Through the Zero Cost Program, Zenergy provides conservation and sustainability products as a service to commercial, industrial, and municipal end-use customers at no upfront cost while giving them an economic benefit and reducing demand on the respective power grid via a reduction of consumption and improvements in load factor. The program is designed to reduce a customer’s utility (electricity, natural gas and/or water) consumption by 20 to 60 percent courtesy of the various smart controls and energy conservation and smart control technologies that Zenergy installs and maintains at the customer’s premise.
After installing Zenergy’s energy conservation and efficiency technologies, which include Lighting, HVAC Controls and Refrigeration upgrades, the franchisee is forecasted to experience a 27% reduction in annual electricity consumption.