Energy Efficiency
Reducing and conserving existing energy resources

News Briefs

  • H2O Innovation subsidiary lands new deals in US +

    H2O Innovation Inc.’s operation and maintenance (O&M) services subsidiary Utility Partners LLC (UP) has renewed two contracts and extended the Read More
  • EDC offers new green bond +

    Export Development Canada’s (EDC) latest green bond has been priced. Set at $500 million with a 1.8 fixed rate, the Read More
  • Capital Power moving ahead with New Frontier Wind +

    After Capital Power Corp. inked an agreement to sell 87% of the electricity generated from the yet to be constructed Read More
  • General Fusion takes new step towards reactor design +

    Vancouver’s General Fusion has hired two industry veterans to help lead the company through the development of a proof-of-concept fusion Read More
  • Federal, Ontario governments take big step in reducing diesel reliance in FN communities +

    The $60 million in federal funding to connect the Pikangikum First Nation to Ontario’s electricity grid is a major step Read More
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Stock Market

Smartcool Systems Inc. is making it easier for prospective clients to purchase its energy efficiency products. The Vancouver-based company launched a funded sales program to enable customers to buy products without the upfront capital. 

 

Over the last 12 months, Smartcool has seen clients not only install energy efficiency technology but seek to expand installations. 

"Because of this, we have decided to implement a funding program that we expect to allow clients to reap the benefits of the Smartcool technology without experiencing the usual restrictions and unnecessary delays typically associated with large scale capital requirements,” said Nick Weedon, national sales manager for the UK at Smartcoool

To fund the vendor financing initiative, Smartcool has selling 5,000 debentures at $1,000. The entire $5 million in proceeds will be used for the funded sales program, the company noted.

"The appreciable level of interest from several key clients with whom we have discussed our proposed funding program has encouraged us to move it forward. Existing key partners have already started to introduce this to their clients. We believe that reviewing our current sales opportunities can accelerate sales and exceed ambitious company targets for the balance of the year,” added Weedon.