a wildly effective
energy management solution
AT ZERO COST TO YOUR BUSINESS
1. ZERO COST BENCHMARKING & ONSITE ENERGY WASTE AUDITS
After our Discovery Call we’ll setup a 1 hr Intensive Meeting with both of our Operations & Finance Teams to review your EPA Benchmark Score which tells us how inefficient your building is.
Behind the scenes, we’ll work with your utility provider to determine what funds are available to pay for Sub-Metering, Feasibility Studies and efficiency projects. We’ll then review a Shared Savings Energy Service model tailored to your business.
After a Letter of Intent is in place we’ll send our energy engineers to perform onsite audits of all major building systems and run cost savings analysis on every possible cost saving scenario, as well as wishlist items such as PV Solar, EV charging stations or Energy Dashboards.
2. PROFITABILITY PLANNING
We will then meet with your Management Team to review all opportunities to cut wasted operational costs, and improve asset appreciation and employee productivity. Collectively, we’ll create a long-term Energy Management strategy that includes a projects timeline wrapped into our shared savings model.
Once the Energy Services Agreement (ESA) is in place, we’ll deploy the capital and resources to help restore your profits and make your facility a better place to work.
3. UPGRADE BUILDING SYSTEMS AT NO COST
Our Certified Project Managers and Energy Engineers will manage every aspect of your energy project installations including sub-metering, logistics, material management, subcontractors, incentives, and ongoing maintenance.
For the term of the agreement, we monitor and maintain all of the equipment so you can focus on what you do best, and let us handle the energy systems.
4. CAPTURE SAVINGS
You won’t pay a dime until the metering has shown the exact energy cost savings.
After project installations, ongoing Measurement & Verification calculates the monthly energy cost savings, and determines the savings that you keep, and the percentage of savings you pay us.
As you continue to share ongoing savings for the term of the agreement, we will continue to maintain and optimize the equipment to ensure your long-term sustainability goals and savings.
After the term of the ESA, you enjoy 100% of the monthly savings forever, with no further obligation.
HERE’S WHAT YOU CAN EXPECT THROUGH OUR
SHARED ENERGY SAVINGS PROGRAM
Shared Energy Savings Program Example
Annual energy cost before upgrades= $250,000
Cost of energy efficiency upgrades = $260,000 – Funded by HWE/Lending Partner
Annual energy cost after upgrades = $150,000
Annual Energy Cost Savings = $75,000
Energy Service Agreement Term = 5 years
Annual Share Savings (30%) = $22,500
Accumulated savings over ESA term = $112,500
Accumulated savings over upgraded equipment life (15 years) = $862,500
Upfront capital required for projects = $0
What is Shared Energy Savings?
Also referred to as Enery-as-a-Service or Efficiency-as-a-Service. Similar models that we’re all familiar with are Spotify’s music as a service, SaaS – software as a Service, and cell phones/service.
This is a new way to procure energy technologies for your facilities in which you pay for the energy savings and other services that that equipment provides, without actually owning the equipment.
SES and EaaS are pay-for-performance, off balance sheet funding solutions that allow customers to implement energy efficiency projects with no upfront capital expenditure.
Energy Service Agreements are used to outline the energy measures and services implemented, as well as the terms and ownership. They will also call out the shift the of risk from the customer to the contractor and lender by including energy cost reduction guarantees.
Since the monthly amount of energy savings varies based upon operating hours, occupancy and weather; customer’s monthly payments will vary to match, allowing the customer to keep a specified percentage of savings outlined in the ESA.
Get In Touch
Get In Touch
Case Studies
Learn how we’re helping wholesalers across the country reduce their operating expenses.
Phone
(586) 491-7621
