The company, which only began trading in April, has signed a three-year deal with Bord Gáis Energy to become the preferred lighting supplier to its 30,000 commercial customers. Bord Gáis Energy will help fund the installation of LED lights with the aim of reducing energy bills for SMEs.
UrbanVolt retrofits the lighting at no cost to the SME, with the two parties taking an equal share of the savings achieved over a five-year period. According to the company, most customers will see a 50% reduction in lighting energy costs after its fee.
Kevin Maughan, UrbanVolt Chief Executive and co-founder, said that access to funding and incentives for energy efficiency hadn’t reached SMEs until now as their projects were not large enough individually to be attractive. “Our partnership with Bord Gáis Energy allows SMEs to gain immediate and significant energy savings with no capital investment,” he stated, adding that the partnership model would enable SMEs to “dramatically reduce their energy costs”.
According to John Cussen, Category Manager, Bord Gáis Energy, the offer would be available to all SMEs and not just its existing customers.
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