ENGIE Resources Launches Financing Solution For Energy Efficiency Initiatives
February 28,2017
ENGIE Resources officially announced that it is now offering a new financing solution designed to support energy efficiency and sustainability programs for large commercial and industrial customers, called ENGIE Advantage
ENGIE Advantage is offered in conjunction with OpTerra Energy Services, the energy services company acquired by ENGIE in 2016.
ENGIE said that ENGIE Advantage brings the electricity supply and billing expertise of ENGIE Resources together with OpTerra's comprehensive capabilities in energy efficiency, renewables, and infrastructure development to drive strategies that reduce consumption and costs, all on one bill.
The company said that key features of ENGIE Advantage include:
• Ability to improve bottom line performance and achieve sustainability goals while offsetting capital investment – no upfront capital or deposit necessary
• Simple, on-bill financing for projects with payback periods of up to five years
• Ability to finance multiple projects and sites through a single payment plan
• Efficiency projects of any size and scale invoiced on monthly electricity bills, making payments clear and predictable
• Contract addendums to add financings to current electricity agreements; no waiting until the contract ends for upgrades to begin
• A wide range of turnkey energy services, including conservation, cogeneration (combined heat and power), and water efficiency
• Expertise in utility incentives, tax benefits, and applicable grant funding
ENGIE Resources serves nearly 90,000 accounts for customers having a peak demand ranging from 50 kW to more than 200 MW, with an estimated peak load totaling nearly 13,000 MW.