More companies are offering their products ‘as a service’ in a bid to streamline and simplify the financial outlay. Software as a service (SaaS) is now an established business model – and ‘as a service’ is becoming increasingly popular in the world of finance.
Connected Energy is proud to be at the forefront of offering battery energy storage systems (BESS) as a service, thanks to our partnership with Capitas. Capitas is a dedicated cleantech and energy solutions finance company, focused on enabling the rapid deployment of carbon reduction, energy resilience and renewable energy generation projects in the private and public sectors.
“We sit between banks and the energy sector to ensure these projects can access the right funding by understanding the customer’s processes and requirements,” says Phil Murphy. “We work with public sector, private sector and facilities management businesses. We focus on understanding what the end user needs whether the project is stand-alone or part of a wider arrangement.
“We can offer the standard lease and hire options that you see elsewhere but where we differ is our energy as a service model. This is a full turnkey solution, working with selected suppliers. It includes full operational and maintenance costs and a compensation mechanism to ensure that what is being promised by the supplier is delivered. We have developed BESS as a service with Connected Energy and we have a number of projects we are exploring together at present.”