- Developments in information technology are revitalizing the staid energy industry
- Convergence of smart controls, home building automation and energy solutions
- Zenergy’s ‘Zero Cost Program’ may reduce energy costs by up to 60 percent
To the casual observer, Zenergy Brands, Inc. (OTC: ZNGY) may look like just another utility company; however, there is more to this Texan outfit than meets the eye. The company appears to be singlehandedly creating an entirely new industry built on the convergence of the young and the old—a sector that melds fast developing internet trends such as smart controls with energy consumption and conservation. Traditional energy companies employ traditional energy conservation methods. You will find reminders to turn your lights off when not in use on their websites and bills or prompts to buy fluorescent bulbs. No doubt, such methods work for domestic installations; however, industrial and commercial enterprises require more robust solutions, such as those offered by Zenergy. The company’s suite of cost-saving energy solutions employing smart controls is now available to corporate customers across America.
Developments in information technology are disrupting the status quo, destroying some industries while creating others. No business sector, it seems, lies beyond the reach of the technological changes of the digital age. The management team at Zenergy embraces these changes. Its members believe that we are at the embryonic stages of changes that are going to impact and sweep across the home alarm, smart controls, building automation systems (BAS) and retail energy services sectors and sub-sectors. Moreover, they expect these market sectors to be consolidated and expanded over the next decade, which will result in the amalgamation of diverse business areas such as smart controls, home building automation, energy consumption, and energy conservation and efficiency. It will be a convergence driven by developments in the Internet of Things (IoT) sphere and advances in hardware peripherals and devices. A few examples are worthy of note: on-site battery storage from upstart companies such as Orison Energy, smart appliances by Samsung, smart doorbells, LED lighting and, of course, voice-controlled smart devices such as Amazon’s Echo (Alexa). These emerging smart energy solutions offer small businesses a variety of ways to improve their bottom line.
Zenergy’s flagship ‘Zero Cost Program’ is one such solution. It allows corporate clients to upgrade their energy gadgets to more efficient, cost-reducing appliances, at no additional expense. The program reduces utility bills by 20-60 percent by furnishing energy conservation, smart controls and efficiency-based products and services to residential, commercial, industrial and municipal end-use customers, without requiring any upfront expenditure. The ‘Zero Cost Program’ is a turnkey solution that enables the upgrade of older, inefficient energy infrastructure and allows the retrofit of HVAC and refrigeration motor controllers, load factor improvement technologies, building-envelope-based technologies, weatherization-based technologies, smart controls, LED lighting and other energy-saving solutions, all at no upfront or backend cost to the customer.
The program was developed based on an industry standard contract known as a Managed Energy Services Agreement (“MESA”). Under the MESA, Zenergy will act as an intermediary between the customer and the utility and take on the obligation to develop, finance and maintain all energy efficiency measures and equipment that the company installs. The MESA is expected to last a minimum of five years, with an average of seven years’ duration, which means that each installation could potentially provide a stream of revenue lasting seven years. The company has currently completed four such installations and is aiming to complete fifty more soon.
Zenergy also plans to enter the retail electricity market. Under the terms of an agreement between Zenergy’s wholly owned subsidiary, Zenergy Power & Gas and Enertrade, the former will acquire 85 percent of Enertrade. Though this acquisition, Zenergy will become a Retail Electric Provider (REP).
For more information, visit the company’s website at www.ZenergyBrands.com
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