Metrus Energy Signs Agreement with BAE Systems and Siemens, revitalizing the market for energy efficiency to the private sector

The Metrus Energy announced on Friday, February 26, the development and closure of a large-scale project in energy efficiency with BAE Systems, Siemens Industry and Bank of America. The project is being implemented under the Services Agreement Efficiency Metrus, a financing structure that allows businesses of industry and commerce beyond the barriers of upfront costs and implement energy efficiency retrofits. The term retrofit is still being finalized for 2010, will be installed by Siemens and will result in energy savings equivalent to over one million kWh per year.

Despite the wide knowledge of economic and environmental advantages of energy efficiency opportunities are often not utilized by the lack of financing options. The agreement of Metrus through this barrier allowing companies to pay for retrofits with the savings obtained and freeing capital for clients to be used in the company's core operations. According to the director of facilities Electronic Solutions BAE Systems, Don Hill, the goal is to "mitigate the environmental impacts of our business is becoming more energy efficient." Metrus CEO, Bob Hinkle, said that "energy efficiency services, programs and funding options has been highly limited to the realm of government and public sector, and the agreement is intended to specifically address the design of commercial buildings and industrial private. Doing this opens up what the American Council on Economy and Efficiency expects to be a market of over $ 250 billion for improving efficiency in the industrial and commercial for the next decade. "

The director of Bank of America, Todd Karas said to offer financing for energy efficiency projects is a priority of the bank, because these projects pay for themselves through savings and the renewable energy projects, for example, are good for the environment in general. " The Clean Energy Fund of California, which promotes new business models that accelerate the growth of clean energy markets, is supporting the Metrus. According to the director of the Innovations Fund, Paul Frankel, Metrus the model, in which the compensation client is based on savings achieved, will significantly increase investments in retrofits, and will help accelerate the reduction of environmental footprint of buildings commercial and industrial country. "

Source: Trading Markets