Friday, November 16, 2018

Zenergy Brands, Inc. (ZNGY) Makes Strategic Investments to Solidify Its Market Position

  • Zenergy Brands, Inc.’s Zero Cost Program aims to help clients reduce utility consumption without incurring upfront out-of-pocket expenses
  • The residential suite package offers customers cost-effective energy savings through connected smart device controls
  • The acquisition of Enertrade Electric LLC heralds a new era for Zenergy Brands as it launches into the REP space
Zenergy Brands, Inc. (OTC: ZNGY) is an energy and technology company operating in the emerging, next-generation, smart energy utility and conservation industries. Headquartered in Texas, Zenergy Brands is focused on providing a wide range of cost-saving energy solutions to both residential and enterprise customers. The products and services enable clients to not only achieve sustainability goals but also reduce their carbon footprints and, ultimately, add value to their bottom lines.
On June 29, 2017, through subsidiary Zen Technologies, Zenergy Brands officially started customer installations as part of its first Zero Cost Program (http://nnw.fm/oXXx5). This project involves the installation of smart controls, retrofits, energy conservation technologies and efficiency upgrades at business premises.
The main feature of the Zero Cost Program is that it gives clients a platform to take advantage of Zenergy Brands’ commercial offerings without incurring new out-of-pocket expenses. It is a service contract under a performance-basis regime that guarantees customers energy savings.
The Zero Cost Program contracts are financed by Coit Capital Securities, an investment bank based in San Francisco. The expected reduction in energy consumption under this program is between 20 and 60 percent.
Monitoring reports of the Zero Cost installations have shown better performance in terms of energy conservation compared to the forecast. This is true even where weather conditions are more severe than those recorded in the baseline data.
The other solution Zenergy offers its customers is the Residential Suite. This is a collection of Smart Home products targeted at residential customers to help them with energy savings. The products in this package include home automation systems, security monitoring and energy conservation services. These can be controlled through smartphone technology 24/7. While the Zero Cost Program targets corporate clients and incentivizes them to upgrade their legacy energy systems and devices, the residential suite is aimed at homeowners.
As an additional component, the residential suite program gives an opportunity for homebuilders and multi-family real estate residential developers to provide high-end customers with Smart Home technologies.
On October 17, 2016, Zenergy Brands expressed interest through a letter of intent to acquire Enertrade Electric LLC (http://nnw.fm/yqn8D). This is a Retail Electric Provider (REP) based in Texas. On April 9, 2018, the acquisition of the company was finalized, and it became part of Zenergy Brands, Inc.
The acquisition of the company ushered in a new platform that bolsters the existing smart control and energy conservation solutions offered by Zenergy Brands. On October 1, 2018, Zenergy Brands announced that it had finalized the name change of Enertrade Electric LLC to Zenergy Power & Gas, Inc.
Zenergy Power & Gas, Inc., being a licensed REP, fits perfectly into Zenergy Brands’ strategic plan to become a leading provider of premier smart control solutions serving both residential and commercial customers.
The global revenue for energy efficient solutions is expected to grow tremendously heading to 2025. This will serve to firmly anchor Zenergy Brands on a stable growth path as it enriches businesses through responsible use and management of energy.
For more information, visit the company’s website at www.ZenergyBrands.com
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