Sparkfund, a provider of energy-as-a-service (EaaS) solutions, has launched the Sparkfund Technology Subscription™, the company’s new procurement strategy and contract. The technology subscription is designed to provide an easier way for building owners, facility managers, and tenants to implement energy technologies.
The Sparkfund Technology Subscription enables commercial, industrial, multi-unit residential, and institutional energy customers to rapidly deploy advanced energy saving systems for lighting, HVAC, building controls, EV charging, energy storage, and other technologies, through a single monthly payment that covers installation, repairs, monitoring, and servicing.
What sets this model apart from traditional technology upgrades using leases, loans, or shared savings agreements is a three-page service contract that specifies function as opposed to a more complex savings calculation, and the ability to roll out a portfolio-wide solution. Customers benefit from a more efficient use of capital and human resources; they can maintain focus on core business activities without impacting cash or balance sheet, or diverting time and attention to install new building systems.
“Building on our initial as-a-service model traction with partners and customers, we’re pleased to roll out the Sparkfund Technology Subscription,” said Angela Ferrante, Sparkfund’s chief marketing officer. “We’re overhauling the user experience of implementing new energy systems. The business and environmental benefits of advanced energy systems are clear. Sparkfund is making it easy for property owners to roll out new technology across an entire portfolio.”
Sparkfund partners with contractors, ESCOs, manufacturers, utilities, and energy retailers to deliver the Sparkfund Technology Subscription.
Since its founding in 2013, Sparkfund has completed 160 energy projects in 41 states across the United States, helping a range of customers from medium-sized enterprises to Fortune 500 companies save over $3 million in annual energy costs. These projects will also reduce greenhouse gas emissions by more than 10 million tons over the equipment lifetime. An introductory video on Sparkfund services can be viewed here.