Energy Efficiency
COMPANY OVERVIEW
Background: The company is an energy conservation company, mainly focusing on Energy Efficiency Improvement (EEI) in the built environment, primarily focusing on brown field and Tier 1 opportunities. The company operates across Australia, India and Sri Lanka.
Their game changing proven business model accelerates the adaptation of EEI at the board room level, with multiple benefits across engineering, financing and sustainability to the end user in the C&I sector.
Their model provides commercial guarantees on the proposed energy cost reduction until payback. The company is also assisting organizations and countries to achieve their business (energy cost reduction) and national objectives with substantial value.
Impact so far: Globally, their solutions have yielded 84 million kWh savings to their clients and 60 million kgs in GHG emission (CO2) savings for the environment as of May 2023
Management Team: The company is led by a seasoned industry veterans with their Chairman having over 30 years of experience and their CEO having over 15 years of experience.
USE OF FUNDS
• US$1M for business development and prospecting
• US$0.3M for infrastructure improvement
• US$1M for the setting up of satellite offices in 3 countries
• US$2M in stand-by funds to support project finance (bank guarantees)
POTENTIAL IMPACT
The company focuses on EEI efforts in Sri Lanka and fresh funding will enable them to expand reach and efforts to more customers leading to significant power conservation as well as reduction in GHG emissions in the region.
