Centrica Business Solutions (CBS) has launched a new Energy as a Service bundle, specifically for those that are looking to make an investment in energy saving technologies.
The capital-free energy generation product is designed to help businesses ‘build back better’ in response to COVID-19.
It will offer a bundle to companies that includes the design, installation and financing of on-site power generation, helping them to decarbonise and reduce their energy bills without the upfront capital expenditure of equipment.
Typically, this would see CBS installing on-site generation technology such as Combined Heat and Power units for a customer, which it will then manage as well as providing any top up electricity or gas needed. The business repays the cost of the technology through the energy savings across the length of the contract.
Additional savings will be made through the use of the generation technologies in wholesale and demand response markets, said CBS.
According to the company, by choosing the bundle, savings can be made in the short term that can then be used to support more long term carbon cutting measures, such as the installation of PV panels or enabling electric vehicles.
“For many organisations, the last few months have been extremely challenging and so reducing costs and improving business resilience will be critical to recovery,” said Alan Barlow, director of UK & Ireland for CBS.
“By helping with the upfront investment in energy solutions, we can support them towards improved energy security and cost savings. Our aim is to support customers who wish to Build Back Better, by transitioning to a sustainable future without the need for significant capital.”