SOURCE: McKenzie Bay International

McKenzie Bay International

February 23, 2015 07:00 ET

CGE Energy Sets the PACE With Renewable Energy and Energy Efficiency Financing

BRIGHTON, MI--(Marketwired - Feb 23, 2015) - CGE Energy (currently trading as (OTC PINK: MKBY)) has a vision that clean, renewable energy should be available to all, and access to capital and financing should not be a hindrance. To make this a reality, CGE Energy has developed its proprietary Power Purchase Agreements (PPAs). In these PPA projects, CGE Energy makes the capital investment and the only thing its customers pay for is the energy that is generated on site, which is purchased at a lower rate than the customer's current energy bill.

To further give financing options to fit each customer's needs, CGE Energy recently became a trained and certified contractor in Michigan's PACE (Property Assessed Clean Energy) program. The program allows property owners to access 100% upfront financing using long-term loans, making energy efficiency and clean energy investment more affordable. Almost any project that reduces energy, water usage, or installs renewable energy systems is eligible.

CGE Energy President and CEO Bryan Zaplitny said that the addition of PACE lets the company "Bring a simple financial energy solution to any business seeking renewable energy." He continued, "This fits within our objective to offer projects that are cash flow positive from the first day of installation, so we meet all financial, environmental and social objectives that a company might have."

CGE Energy has already begun to assist companies with major energy savings. Past customers have saved an average of $4,000 a month on energy bills. A large part of those savings comes from upgrading light fixtures to Cree LED lighting.

About CGE Energy
CGE Energy is a renewable energy and energy efficiency company headquartered in Brighton, Michigan. For more than 20 years, the company has provided energy solutions and is now offering Power Purchase Agreements. Today the company serves customers in the U.S. and abroad, using energy efficient technologies that include Cree LED lighting, their patented WIND-e20® wind turbine and SolarWorld solar generation. As of their January 31st merger with McKenzie Bay International, CGE Energy is now a publicly traded company. CGE will trade under the ticker symbol (OTC PINK: MKBY) until FINRA approval.

Certain statements made in this release constitute forward-looking statements and do not guarantee future performance. Actual results or developments may differ materially from the projections in the forward-looking statements.

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