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Metrus leverages financing to help customer with energy goals

By Amy Thomas Posted February 6, 2020

energy efficient LED lightingBy partnering with Key Equipment Finance Clean Energy, Metrus Energy has bolstered the energy efficiency of a Fortune 100 client's facilities nationwide.

San Francisco-based Metrus designs, finances and implements programmatic Efficiency Services Agreements (ESAs) that allow customers to blend the economics of different utility rates across regions to ensure all sites are able to benefit from efficiency upgrades.

Metrus' customer, a technology company investing heavily in wind farms and solar rooftops, aims to power its global infrastructure with 100% renewable energy. To support this effort, it wanted to implement an energy efficiency-as-a-service (EEAS) initiative that would roll out new LED lighting and building management systems across its facilities.

Customer seeks financing solution

For this customer, Metrus combined sites where utility rates and operating conditions were more favorable with sites that have less favorable conditions, resulting in projects that are economically viable and provide uniformity across sites.

Key Equipment Finance Clean Energy, a recognized leader in renewable energy financing solutions, provided Metrus with with $21 million in funding across recent projects. 

“The result is an energy efficiency-as-a-service financing product that could benefit other energy solutions providers and consumers in the commercial and industrial space.”
Brian DePonte, senior vice president, Key Equipment Finance clean energy

Financing enables energy-efficiency benefits

With the funding, Metrus' customer completed upgrades at 32 sites in 17 states, including high efficiency LED lights and building management systems. The projects will reduce total electricity use for lighting at the sites by approximately 70%, eliminating 39,917 tons of annual CO2.

“Under an ESA, Metrus pays for all upfront costs and is paid only when a project achieves actual savings," DePonte said. "For the company, these projects are a monthly bill they pay—an operating expense which doesn’t require a capital expenditure. That’s the key to success.”

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