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Zenergy Closes Zero Cost Contract with Franchisee of Fast Food Chain
July 27,2018 Zenergy Brands, Inc. announced that it has closed a Zero Cost contract with an unnamed, "Texas-based franchisee of a well-known fast food restaurant chain, in a deal worth an aggregate contract value of $393,969.60." Zenergy is the parent of Texas retail provider Enertrade Electric The Managed Energy Services Agreement encompasses a 7-year agreement for energy efficiency and conservation technology installations across eight of the franchisee’s locations in the South East Texas area. Through its Zero Cost Program, Zenergy provides conservation and sustainability products and services to commercial, industrial, and municipal end-use customers at no upfront cost. These MESAs are designed to decrease Zenergy clients’ utility consumption by 20 to 60 percent via various smart controls and energy conservation and smart control technologies that the company installs at their respective service locations. Under the program, instead of incurring any upfront capital expenses, clients make a monthly service payment, which is calculated from the forecasted savings to Zenergy in exchange for the benefits of the installed energy conservation and efficiency technologies. For this particular Zero Cost contract, post-installation of 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 energy consumption (kWh usage), which represents over a half-million in gross dollar savings over a 10-year period.
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