Sparkfund Technology Subscription For Energy Projects

This energy-as-a-service option provides facility executives the opportunity to make a single monthly payment that covers energy project installation, repairs, monitoring, and servicing.

Sparkfund, a provider of energy-as-a-service (EaaS) solutions, has launched the Sparkfund Technology Subscriptionâ„¢, 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.energy-as-a-service

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.

energy-as-a-service
New LED lighting installed by Stymulus at Busse Hospital Disposables warehouse in Hauppauge, NY, via Sparkfund services

“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.

Construction, Energy Management & Lighting, FacilityBlog, New Service Spotlights, Products & Services, Service News, Technology

energy as a service, Energy Management, energy retrofit, Sparkfund

Sponsored Content
Featured Video

Webinars, Podcasts & Videos

Job Order Contracting: Accelerating the Projects that Matter

This proven single-solicitation process accelerates project delivery while satisfying local bidding requirements. Learn all about Gordian’s JOC solutions .

Facilities Teams, ARC Facilities Webinar

Webinar: Solving The Hidden Assets Challenge

Hidden assets can be a challenge for facilities teams. Attend this free webinar and learn how your team can retain knowledge and streamline operations.

Overcome Construction Procurement Strain Webinar

Did You Miss This Webinar? Overcome Construction Procurement Strain

View this free video webinar to delve into the complexities of construction procurement and explore job order contracting (JOC) strategies to overcome common obstacles.

Receive the latest articles in your inbox

Share to...