Powerstar has reached a new working partnership agreement with Capitas Finance to further develop its energy storage ‘as a service’ model.
Robert Macklin, chief financial officer of Powerstar, said: “As a business with customers at its core, Powerstar continually strives for added value.
“Partnering with Capitas Finance, who are experts in the energy efficiency solution, and have taken the time to build a strong working relationship based on the understanding of how Powerstar’s products and business works, has been another positive step for the company.”
‘As a service’ provides commercial and industrial (C&I) consumers with a fixed payment offer for the delivery of a Powerstar energy storage or voltage optimisation solution.
The new collaboration with Capitas Finance is intended to further support Powerstar in delivering this funding model and in developing a wider adoption of energy storage solutions throughout the UK.
Jeremy Hartill, managing director of Capitas Finance, added: “Organisations are spreading the costs of the energy storage investment whilst achieving a wider variety of benefits e.g. greater savings, greater resilience and greater revenue opportunities. In the process, they’re enhancing the benefits of their Powerstar solution, while simultaneously managing risk.
“We are excited to be providing funding to Powerstar, whose values are closely aligned to ours and share the vision of delivering a beneficial bespoke solution based on the understanding of individual customers.”