Estimated read time: 2-3 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
[STK]
[IN] OIL UTI FIN ALT
[SU] FNC VEN
TO BUSINESS, AND ENERGY EDITORS:
New $10 million Fund to Finance Energy Storage Projects Nationwide
BLOOMFIELD HILLS, Mich. and SANTA CLARA, Calif., March 4, 2014
/PRNewswire/ -- TIP Capital, a leading provider of equipment finance
and asset management solutions, and Green Charge Networks (GCN), a
leader in Power Efficiency, have announced a program to offer $0 down
financing for GCN's retail, municipal and industrial customers. The
initial commitment will consist of an unprecedented $10 million fund
dedicated to $0 down energy storage financing.
TIP Capital has developed an effective energy-efficient financing
program, which allows building and property owners to leverage their
utility savings to earmark for TIP Capital's fixed rate monthly
financing payments for lighting retrofits, HVAC upgrades, energy
storage and other qualified energy-efficient projects.
"With Green Charge Networks' savings track record for their customers
and pipeline of deals, TIP Capital is excited to be partnered with
GCN," said Ross Reida, VP of National Accounts for TIP Capital. "Our
flexible programs will allow GCN's customers to pay $0 down, provide
energy savings above what they pay, and protect against rising demand
charges."
"For buildings to be more power efficient and to optimize the
potential for environment benefits, intelligent energy storage must be
financially affordable and accessible for business owners," said Brian
Asparro, CFO for Green Charge Networks. "Commercial buildings account
for 18% of US CO2 emissions. Through GCN's GreenStationTM, building
owners can save 15% or more on their electric bills."
To learn more about TIP Capital and GCN'S energy storage financing
program, visit http://info.tipcapital.com/energy or
www.GreenChargeNet.com.
About TIP Capital TIP Capital is a leading independent equipment
financing and asset management company headquartered in Bloomfield
Hills, Michigan. TIP Capital specializes in providing customized
"lifecycle management" financing solutions for their clients'
equipment acquisitions throughout the United States, Canada, Mexico,
and Puerto Rico. For more information, visit www.tipcapital.com.
About Green Charge Networks Founded in 2009, Green Charge Networks is
a leader in intelligent customer-sited energy storage. The company
gives commercial and industrial customers control of rising demand
rates on their electric bills. The GreenStationT was developed in
partnership with leading utilities around the country, the U.S.
Department of Energy, and Fortune 500 customers. GCN is headquartered
in Santa Clara, CA with office in NYC.
SOURCE Green Charge Networks
-0- 03/04/2014
/CONTACT: Ross Reida, VP of National Accounts, TIP Capital, 360.882.2500, rreida@tipcapital.com; Tram Tran, Marketing Manager, Green Charge Networks, 650.265.8300, tram@GreenChargeNet.com
/Web Site: http://www.greenchargenet.com
CO: Green Charge Networks; TIP Capital
ST: Michigan California
IN: OIL UTI FIN ALT
SU: FNC VEN
PRN
-- SF74991 --
0000 03/04/2014 16:08:00 EDT http://www.prnewswire.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
