NIDON Clean Energy has recently partnered with Onsite Utility Services Capital, an energy company that offers an end-to-end funding platform for energy efficiency projects. Referred to as Energy Savings as a Service (ESAAS), the model enables businesses and facilities to lower energy spend through capital-intensive enhancements without the typical upfront costs.
The partnership expands Onsite’s funding platform to energy efficiency contractors and end users in NIDON’s locations: Hawaii, the Philippines, and the United Arab Emirates.
“Onsite’s Energy Savings as a Service platform provides the investment needed for energy reductions to help reduce the impact of Hawaii’s high electric rates on the economy and constraints on energy generation. Solar thermal cooling and thermal storage can now be implemented at businesses without concern over capital or debt to save energy, money, and reduce our carbon footprint on our beautiful islands.”
— Nick Dizon (President, NIDON Clean Energy)
“With the economy and capital constraints for businesses and schools, we had a lot of energy efficiency contractors and clients coming to us to remove the CapEx and debt barrier. By utilizing our Carbon Reduction and Energy Savings as a Service platform, the client takes on no debt nor utilizes any of its capital for achieving energy and carbon saving goals. Onsite provides all the capital for the upgrade and simply charges a monthly fee. Removing the CapEx barrier means more facilities can achieve their carbon and energy saving goals while retaining their capital for the company or organization. With the high electric rates in Hawaii, Energy Savings as a Service is a perfect solution for the local businesses.”
— Fritz Kreiss (CEO, OUS Capital)
Onsite’s turnkey solution delivers day-one measurable savings and provides off-balance-sheet funding for all equipment installation and ongoing maintenance, ranging from LED lighting to power optimization or solar thermal HVAC technologies. For more information about their services, visit onsiteutilityservices.com.
