By 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.
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.
