SOURCE: SparkFund

Sparkfund

October 10, 2017 09:00 ET

Sparkfund Launches Technology Subscription for Energy Systems Across Building Portfolios

Subscription allows Fortune 500 companies and smaller organizations to quickly deploy energy-saving solutions without ownership

WASHINGTON, DC--(Marketwired - Oct 10, 2017) - Sparkfund, a leader in energy efficiency-as-a-service solutions, has launched the Sparkfund Technology Subscription™, the company's new procurement strategy and contract. The technology subscription is an easier easy way for commercial building owners and tenants to implement state-of-the-art energy technologies through one monthly operating cost and at no risk.

The Sparkfund Technology Subscription™ enables commercial, industrial, multi-unit residential and institutional energy customers to rapidly deploy the most advanced energy-saving systems for lighting, HVAC, building controls, EV charging, energy storage, and other technologies, through a single monthly payment that covers installation, repairs, monitoring, and servicing.

What sets this model apart from traditional technology upgrades using leases, loans, or shared savings agreements is the 3-page service contract that specifies function as opposed to a complex savings calculation, and the ability to roll out a portfolio-wide solution. Customers benefit from a more efficient use of capital and human resources -- they can maintain focus on core business activities without impacting cash or balance sheet, or diverting time and attention to install new building systems.

"Building on our initial as-a-service model traction with partners and customers, we're pleased to roll out the Sparkfund Technology Subscription™," said Angela Ferrante, Sparkfund's Chief Marketing Officer. "We're overhauling the user experience of implementing new energy systems. The business and environmental benefits of advanced energy systems are clear. Sparkfund is making it easy for property owners to roll out new technology across an entire portfolio."

In less than three years, Sparkfund has completed 160 energy projects in 41 U.S. states, helping a range of customers from medium-sized enterprises to Fortune 500 companies save over $3 million in annual energy costs. These projects will also reduce greenhouse gas emissions by more than 10 million tons over the equipment lifetime. A selection of customer stories can be found here.

About Sparkfund

Sparkfund powers organizations by providing access to the latest energy technologies in a new and better way -- through a simple monthly subscription model backed by a no-risk guarantee. We partner with contractors, ESCOs, manufacturers, utilities, and energy retailers to deliver the Sparkfund Technology Subscription™, transforming how businesses implement advanced energy systems. Washington, DC-based Sparkfund seeks to create positive change for the world by deploying solutions that make good business sense and are good for the planet. For more information visit www.sparkfund.com or watch our introductory video.

Contact Information

  • Contact info:
    Angela Ferrante
    Chief Marketing Officer
    Sparkfund
    Email Contact
    844-867-7275

    Eugene Hunt
    Trevi Communications for Sparkfund
    Email Contact
    (978) 750-0333