- Global market for energy-efficient buildings, products trending upward amid growing attention to climate change concerns
- Zenergy’s flagship Zero Cost Program largely responsible for company’s million-dollar year-over-year revenue growth as an energy efficiency technology provider
- Company drawing on $1.6 million in new funding with potential for up to $10 million as it advances Zero Cost Program, plans energy commodity sales
Energy consumers’ ability to efficiently manage their usage is beginning to acquire the same importance as other environmental impact and pollution reduction concerns, and next-generation energy utility companies such as Zenergy Brands, Inc. (OTC: ZNGY) are working to make a better world possible.
For years, the science community has expressed interest in evidence of changes to the earth’s climate on a significant scale. Media reports have advanced warnings about potential long-term consequences on human, plant and animal life resulting from trending changes in global surface temperature, exemplified by sizeable glacial melting at the earth’s poles (http://nnw.fm/7kyLF), an increasing severity of extreme weather conditions (http://nnw.fm/A67al) and rising sea levels flooding coastal real estate (http://nnw.fm/e5zOX).
An increase in greenhouse gases such as carbon dioxide, methane, nitrous oxide and fluorocarbons attributed mainly to humanity’s pollutants – particularly burned fossil fuels – gets the blame for the changing climates. Many activists have spurred governmental policies that favor pollutant reduction, such as the elimination of chlorofluorocarbons emitted into the atmosphere and the multi-national signing of the Paris Agreement accords that call for more electric vehicles to replace petroleum-fueled cars (http://nnw.fm/wVM9c).
Zenergy’s virtual utility model promotes the smart use of utilities to reduce energy consumption by eliminating wasteful behaviors. The company’s flagship technological offering, the Zero Cost Program, employs a Managed Energy Services Agreement (MESA) to deliver conservation solutions for water, gas and electrical utilities. Under the MESA, Zenergy assumes the responsibility for upfront costs related to putting the necessary equipment retrofits in place or even building them into a new structure to suit the client. The customers then pay a downward scaling part of their utility expense savings to Zenergy over the term of the contract before deciding whether to renew the contract every five to seven years.
The Zero Cost Programs’s energy-saving solutions include HVAC and refrigeration motor controllers, load factor technologies, building-envelope-based technologies, weatherization-based technologies, remote access to smart controls and LED lighting. The program is designed to reduce utility consumption by 20 to 60 percent through remote access and artificial intelligence devices for residential, commercial, industrial and municipal end-use customers alike.
As consumer awareness of climate change-related problems grows, the global market for energy-efficient building solutions is expected to increase to nearly $360.6 billion by 2026 from 2017’s reported $227.4 billion, according to a report by Navigant Research (http://nnw.fm/IMdd5). Likewise, the energy efficient devices market is expected to grow to $908.49 billion by 2022 (http://nnw.fm/u05iT).
The dawn of 2019 heralds a year of potential for Zenergy as it works to take advantage of a recent agreement with a fund management group. This will establish a $10 million debenture facility that provides an initial tranche of funding of $1.6 million and the remainder over the course of the arrangement through June 2021, if the lender approves it as a result of the company’s performance (http://nnw.fm/3BEvK). The company also intends to provide an in-house clientele for its Zero Cost Program by rebounding from a canceled Texas retail electric provider (REP) acquisition and re-entering the commodity sales business sometime after June as a strictly B2B platform with a new wholesale energy distribution partner, according to a statement by CEO Alex Rodriguez issued on January 7 (http://nnw.fm/8gfSG).
Zenergy’s revenues topped $1.2 million at the close of the third quarter, primarily as a result of the Zero Cost Program, according to the company’s most recent 10-Q filing, marking an exponential rise from $23,585 of the prior year (http://nnw.fm/0X3jV).
For more information, visit the company’s website at www.ZenergyBrands.com
More from NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com