Utilitywise plc Energy Efficiency Financing Scheme
December 10 2012 - 1:00AM
RNS Non-Regulatory
TIDMUTW
Utilitywise plc
10 December 2012
10 December 2012
Utilitywise plc
("Utilitywise" or the "Company")
Utilitywise confirmed as a recognised supplier of the Energy
Efficiency Financing Scheme
Utilitywise (AIM:UTW), a leading independent utility cost
management consultancy, is pleased to announce that it has been
confirmed as a recognised supplier of the Energy Efficient
Financing scheme (EEF), a joint initiative between the Carbon Trust
and Siemens Financial Services Limited.
Being an EEF-recognised supplier enables Utilitywise to provide
financing for projects through the scheme, thereby helping firms to
install energy saving measures without the hurdle of the up-front
cost for the equipment and its installation.
Circa GBP150,000 worth of energy saving measures is ready to be
implemented after the first set of projects has been approved for
financing. Utilitywise has a further pipeline of energy saving
projects currently being processed for approval.
As part of the scheme, firms will undergo a Utilitywise Energy
Audit, which will identify a range of energy saving projects. These
are managed by their project team and can cover the whole range of
energy efficiency measures from changing lights to solar power.
The EEF scheme can address all recommendations from the Energy
Audit or any combination of them. The scheme offers customers
affordable monthly payments over a specially tailored period so
that those monthly payments match - and are offset by - the average
monthly savings on energy bills. Once the financing period is
concluded, customers can enjoy the full benefit of any future
savings. The typical payback period for energy saving projects is
five years or less, and Utilitywise typically focuses on projects
that have the quickest payback period, such as lighting.
A typical project might involve replacing inefficient lights
with low wattage lights and motion sensors. In a recent project, a
company saved over GBP20,000 a year through lighting changes alone,
reducing their energy usage by 18%. As well as reducing energy use
by 168,369kWh per year, this also represents a saving of 18,333kg
of carbon dioxide per year.
Utilitywise offers a number of products ranging from over the
phone energy health checks to detailed circuit level energy use
tracking that can identify what needs to be done to reduce energy
consumption.
Geoff Thompson, CEO at Utilitywise, said: "Most companies are
naturally keen to cut down on their energy consumption, to do their
bit for the environment as well benefit from the subsequent cost
savings, but have felt unable to commit to the initial Capex
requirements in these difficult economic times.
"This financing option removes that obstacle and will enable
more companies to reduce their carbon footprint without putting any
pressure on their business.
"Utilitywise is now able to identify energy inefficiencies,
provide the right solutions and help to finance their
implementation, as well as find the best energy provider to meet
their ongoing needs."
For further information:
Utilitywise PLC 0870 626 0559
Geoff Thompson, CEO
Adam Thompson, COO
Andrew Richardson, CFO
finnCap (NOMAD and broker) 0207 220 0500
Matt Goode / Charlotte Stranner / Henrik Persson
(Corporate Finance)
Simon Johnson (Corporate Broking)
Newgate Threadneedle 020 7653 9850
Josh Royston /John Coles/ Hilary Millar
About Utilitywise
Utilitywise is a leading independent utility cost management
consultancy based in South Shields, Tyne and Wear. The company has
established trading relationships with a number of major UK energy
suppliers and provides services to its customers designed to assist
them in achieving better value out of their energy contracts,
reduced energy consumption and lower carbon footprint.
Businesses large and small rely on Utilitywise for their energy
management needs. Clients range in size from high street shops to
multinationals with thousand of sites and cover the whole of the
UK. In total, Utilitywise manages over 50,000 energy meters with an
overall energy spend of approaching GBP200 million per annum.
Utilitywise is a UK company quoted on the AIM market of the
London Stock Exchange. For more information, please visit
www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAEASAXEEDAFFF
Utilitywise (LSE:UTW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Utilitywise (LSE:UTW)
Historical Stock Chart
From Jul 2023 to Jul 2024