TIP Capital and Green Charge Networks Bring Zero-Down Energy Storage to the Masses



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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

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0000 03/04/2014 16:08:00 EDT http://www.prnewswire.com

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The Associated Press

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